Egon Durban and Silver Lake-Linked Companies Sell Dell Shares for $23.7 Million
On June 11, 2026, entities associated with Silver Lake and Dell's director Egon Durban sold Dell Class C shares worth approximately $23.7 million. This follows a significant contract worth $1.4 billion secured by Dell Federal Systems with the U.S. Air Force for Microsoft software licenses and services.
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Egon Durban and Silver Lake-linked companies sold a total of 57,353 Class C shares of Dell Technologies, generating about $23.7 million. The share prices ranged from $370.40 to $390.92. Prior to this, 82,191 Class B shares were converted into Class C shares.
Additionally, Dell Federal Systems secured a $1.4 billion contract with the U.S. Air Force. Dell Technologies plans to issue $3 billion in senior notes with varying maturities, offering interest rates between 4.750% and 5.250%.
Truist Securities raised its price target for Dell shares to $360, citing strong demand for AI servers. These developments indicate significant financial maneuvers within Dell Technologies and its affiliates.
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