[Form 4] Dell Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Dell Technologies director William D. Green reported multiple option exercises and a sale on 10/08/2025 under a Rule 10b5-1 trading plan adopted on 01/13/2025. The Form 4 shows exercises of options with strike prices of $13.98, $16.62, $21.70, $31.14, and $25.89, adding those underlying Class C shares to his holdings. The filing records a sale of 42,736 Class C shares at $160, leaving 47,619 Class C shares reported as beneficially owned after the transactions. The options disclosed are noted as fully vested and the transactions were executed pursuant to the disclosed 10b5-1 plan.

Positive

• Transactions executed under a Rule 10b5-1 plan, indicating pre‑set trade instructions
• Options were fully vested, so exercises did not depend on future vesting

Negative

• Sale of 42,736 Class C shares at $160 reduced beneficial holdings to 47,619 shares
• Large insider sale may be viewed negatively by some investors given the size

Insights

Corporate Governance Analyst

Insider executed a Rule 10b5-1 plan: multiple option exercises and a sizeable sale.

The reporting director used a pre-established 10b5-1 trading plan adopted on 01/13/2025 to exercise several vested options at strikes between $13.98 and $31.14 and to sell 42,736 Class C shares at $160 on 10/08/2025. The filing indicates the options were fully vested, so exercises had no vesting contingent risk.

Dependence on the 10b5-1 plan reduces questions about opportunistic timing, but the sale size—reducing post-transaction beneficial ownership to 47,619 shares—may be monitored by investors for signaling. Watch ongoing Section 16 filings for further plan-based trades in the coming quarters.

Equity Compensation Analyst

Multiple option exercises converted to common shares prior to an open-market sale.

The Form 4 lists exercised options converting to Class C Common Stock in exact amounts: 152, 9,812, 11,471, 9,804, and 11,497 shares associated with strikes from $13.98 to $31.14. These options are reported as fully vested and the resulting shares appear to have been used in part for the reported sale at $160.

Material items to monitor include any subsequent option exercises or sales reported on future Forms 4 and whether additional plan details are disclosed that specify sale timing constraints; expect further Section 16 activity if the 10b5-1 plan continues through the next 12 months.

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).

X

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^*

GREEN WILLIAM D

(Last) (First) (Middle)

ONE DELL WAY

(Street)

ROUND ROCK TX 78682

(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)
10/08/2025

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	10/08/2025		M(1)		152	A	$13.98	47,771	D
Class C Common Stock	10/08/2025		M(1)		9,812	A	$16.62	57,583	D
Class C Common Stock	10/08/2025		M(1)		11,471	A	$21.7	69,054	D
Class C Common Stock	10/08/2025		M(1)		9,804	A	$31.14	78,858	D
Class C Common Stock	10/08/2025		M(1)		11,497	A	$25.89	90,355	D
Class C Common Stock	10/08/2025		S(1)		42,736	D	$160	47,619	D

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
Options to Acquire Class C Common Stock	$13.98	10/08/2025		M(1)			152	(2)	09/14/2026	Class C Common Stock	152	$0	0	D
Options to Acquire Class C Common Stock	$16.62	10/08/2025		M(1)			9,812	(2)	09/28/2027	Class C Common Stock	9,812	$0	0	D
Options to Acquire Class C Common Stock	$21.7	10/08/2025		M(1)			11,471	(2)	09/28/2027	Class C Common Stock	11,471	$0	0	D
Options to Acquire Class C Common Stock	$31.14	10/08/2025		M(1)			9,804	(2)	04/02/2029	Class C Common Stock	9,804	$0	0	D
Options to Acquire Class C Common Stock	$25.89	10/08/2025		M(1)			11,497	(2)	09/27/2029	Class C Common Stock	11,497	$0	0	D

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on January 13, 2025.

2. The options are fully vested.

Remarks:

	/s/ James Williamson, Attorney-in-Fact	10/10/2025
	** 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 did the DELL Form 4 filed by William D. Green report?

The filing reported option exercises and a sale on 10/08/2025: multiple options converted into Class C shares and 42,736 shares were sold at $160 under a 10b5-1 plan.

Were the options exercised by the DELL director vested?

Yes. The Form 4 states the options converted to Class C Common Stock are fully vested.

When was the 10b5-1 trading plan adopted for these transactions?

The filing discloses the Rule 10b5-1 trading plan was adopted on 01/13/2025.

How many Class C shares did William D. Green own after the reported transactions?

The Form 4 reports 47,619 Class C shares beneficially owned following the transactions.

What option strike prices were involved in the exercises?

Strikes listed were $13.98, $16.62, $21.70, $31.14, and $25.89.