Dell (DELL) CFO reports RSU vesting, tax withholding and stock grant

Rhea-AI Filing Summary

Dell Technologies Chief Financial Officer David Alan Kennedy reported routine equity compensation activity involving Class C common stock. On March 15, 2026, the company withheld 3,049 shares to cover tax liabilities tied to vesting of restricted stock units, rather than selling shares in the market.

On the same date, Kennedy received a grant or award of 14,203 shares of Class C common stock, recorded at no cash cost. After these transactions, he directly owned 202,597 shares of Dell Technologies Class C common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kennedy David Alan

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class C Common Stock	3,049	$151.62	$462K
Grant/Award	Class C Common Stock	14,203	$0.00	--

Holdings After Transaction: Class C Common Stock — 188,394 shares (Direct)

Footnotes (1)

1. Represents shares withheld by the Issuer for payment of the tax liability incurred upon the partial vesting of RSUs granted on March 15, 2023, March 15, 2024 and March 15, 2025. Represents 21,791 shares certified as earned with respect to an award of performance-based RSUs granted on March 15, 2023, net of 7,588 shares withheld by the Issuer for payment of the tax liability incurred on vesting of such shares. Vesting of the performance-based RSUs occurred simultaneously with their certification.

Form 4 Insider Transactions: What Each Field Means →

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^*

Kennedy David Alan

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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	03/15/2026		F		3,049(1)	D	$151.62	188,394	D
Class C Common Stock	03/15/2026		A		14,203(2)	A	$0	202,597	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

Explanation of Responses:

1. Represents shares withheld by the Issuer for payment of the tax liability incurred upon the partial vesting of RSUs granted on March 15, 2023, March 15, 2024 and March 15, 2025.

2. Represents 21,791 shares certified as earned with respect to an award of performance-based RSUs granted on March 15, 2023, net of 7,588 shares withheld by the Issuer for payment of the tax liability incurred on vesting of such shares. Vesting of the performance-based RSUs occurred simultaneously with their certification.

Remarks:

	/s/ James Williamson, Attorney-in-Fact	03/17/2026
	** 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 transactions did Dell (DELL) CFO David Alan Kennedy report?

David Alan Kennedy reported routine equity compensation activity. Dell withheld 3,049 Class C shares for taxes and granted him 14,203 Class C shares as a stock award, leaving him with 202,597 directly owned shares after the transactions.

Did the Dell (DELL) CFO buy or sell shares in the open market?

The filing shows no open-market buys or sells. Shares were withheld by Dell to cover tax liabilities from RSU vesting, and additional shares were granted as compensation, which is standard practice rather than discretionary trading activity in the market.

How many Dell (DELL) shares does the CFO own after these Form 4 transactions?

After these transactions, David Alan Kennedy directly owns 202,597 shares of Dell Technologies Class C common stock. This figure reflects the net position after both the 3,049 shares withheld for taxes and the 14,203-share stock award on March 15, 2026.

What does the tax-withholding transaction in the Dell (DELL) Form 4 mean?

The tax-withholding transaction reflects 3,049 shares withheld by Dell to pay taxes on RSU vesting. Instead of paying cash, the company retains some shares, which is a common, non-market mechanism for satisfying the executive’s tax obligations on equity awards.

What type of stock award did the Dell (DELL) CFO receive on March 15, 2026?

The CFO received 14,203 shares of Dell Class C common stock as a grant or award. The Form 4 describes this as a compensation-related acquisition, recorded at a zero-dollar price per share, rather than a purchase made in the open market.

Are performance-based RSUs mentioned in the Dell (DELL) CFO’s Form 4 filing?

Yes. A footnote states that 21,791 shares were certified as earned from a March 15, 2023 performance-based RSU grant, net of 7,588 shares withheld for taxes. The certification and withholding occurred when those performance-based RSUs vested.