Dell Technologies (NYSE: DELL) director reports 71,000-share stock sale

Rhea-AI Filing Summary

Dell Technologies Inc. director Egon Durban reported selling 71,000 shares of Class C Common Stock on 12/09/2025 at a weighted average price of $138.12 per share. The sale was reported as a disposition of securities in a Form 4 filing.

Following this transaction, Durban directly beneficially owned 1,172,428 shares of Dell Class C Common Stock. He also reported indirect beneficial ownership of 164,948 shares through Silver Lake-related entities and 49,228 shares through a family trust, with some share movements described as exempt acquisitions or transfers under Rule 16a-13.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Durban Egon

(Last) (First) (Middle)

C/O SILVER LAKE

2775 SAND HILL ROAD, SUITE 100

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Dell Technologies Inc. [ DELL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class C Common Stock	12/09/2025		S		71,000	D	$138.12(4)	1,172,428	D(1)
Class C Common Stock								164,948	I	See footnote(2)
Class C Common Stock								49,228	I	See footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") directly held by Egon Durban. This amount includes the acquisition of shares of Class C Common Stock exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

2. This amount reflects 67,183, 85, 39,062 and 58,618 shares of Class C Common Stock held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Associates V, L.P. and Silver Lake Group, L.L.C. ("SLG"), respectively, on behalf of certain employees and managing members of SLG or its affiliates, including Mr. Durban. This amount reflects a transfer of shares of Class C Common Stock exempt from reporting.

3. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members. This amount includes the acquisition of shares of Class C Common Stock exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.55 to $138.52 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	By: /s/ Justin G. Hamill, Attorney-in-fact for Egon Durban	12/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Dell (DELL) director Egon Durban report?

Egon Durban reported selling 71,000 shares of Dell Technologies Inc. Class C Common Stock on 12/09/2025 at a weighted average price of $138.12 per share.

How many Dell (DELL) shares does Egon Durban own after the reported sale?

After the sale, Egon Durban directly beneficially owned 1,172,428 shares of Dell Class C Common Stock and indirectly beneficially owned 164,948 shares through Silver Lake-related entities and 49,228 shares through a family trust.

What type of security was involved in Egon Durban’s Dell (DELL) Form 4 filing?

The filing involves Class C Common Stock of Dell Technologies Inc., with the reported transaction being a sale of these shares.

Was any part of Egon Durban’s Dell (DELL) share activity exempt from reporting?

Yes. The explanations note that certain acquisitions and a transfer of Class C Common Stock were exempt from reporting pursuant to Rule 16a-13 under the Exchange Act.

What is the relationship of Egon Durban to Dell Technologies Inc. (DELL)?

Egon Durban is reported as a director of Dell Technologies Inc. and filed the Form 4 as a single reporting person.

Does the Dell (DELL) Form 4 mention indirect ownership through investment entities?

Yes. The filing explains that 164,948 shares are held indirectly through entities affiliated with Silver Lake and that Durban is among the individuals on whose behalf those entities hold shares.

Does the Form 4 for Dell (DELL) reference a family trust for Egon Durban?

Yes. It states that 49,228 shares of Class C Common Stock are beneficially owned indirectly by Egon Durban through a trust for the benefit of certain family members.