[Form 4] Dell Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Dell Technologies Inc. (DELL) Chief Financial Officer David Alan Kennedy reported a grant of 10,580 restricted stock units (RSUs) on 09/30/2025. The award is recorded at a $0 per-share transaction price and increases his reported beneficial ownership to 167,862 shares. The RSUs vest contingent on continued service: 20% on the first anniversary, 30% on the second, and 50% on the third anniversary of the grant date. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025. The filing discloses the grant and the explicit vesting schedule but provides no additional compensation metrics, cash amounts, or performance conditions.

Positive

• 10,580 RSU grant aligns CFO compensation with shareholder value through equity
• Vesting schedule (20/30/50) ties award to continued service over three years
• Beneficial ownership increased to 167,862 shares, signaling greater executive stake

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: CFO received a time‑based RSU award of 10,580 units, raising ownership to 167,862 shares.

The Form 4 documents a standard time‑based equity grant to David Alan Kennedy on 09/30/2025 comprising 10,580 RSUs with a 20/30/50 vesting schedule over three years contingent on continued service.

This increases his reported direct beneficial ownership to 167,862 shares and reflects executive compensation delivered as equity rather than cash (transaction price shown as $0), but the filing does not disclose any performance conditions, grant fair value, or potential dilution metrics.

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).

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)
09/30/2025

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	09/30/2025		A		10,580(1)	A	$0	167,862	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 a grant of 10,580 restricted stock units ("RSUs"). The RSUs vest 20% on the first anniversary of the grant date, 30% on the second anniversary of the grant date, and 50% on the third anniversary of the grant date contingent on the reporting person's continued service on each applicable vesting date.

Remarks:

	/s/ James Williamson, Attorney-in-Fact	10/02/2025
	** 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 transaction did Dell (DELL) disclose for CFO David Alan Kennedy?

The Form 4 reports a grant of 10,580 restricted stock units (RSUs) on 09/30/2025 recorded at $0 per share.

How did the RSU grant change David Kennedy's ownership in DELL?

Following the reported transaction, his beneficial ownership is reported as 167,862 shares.

What is the vesting schedule for the RSUs reported on the Form 4?

The RSUs vest contingent on continued service: 20% after one year, 30% after two years, and 50% after three years.

Does the filing disclose any performance conditions or dollar value for the RSU grant?

No. The Form 4 discloses only the number of RSUs, the $0 transaction price, and the time‑based vesting schedule; it does not disclose performance conditions or grant fair value.

When was the Form 4 signed and filed for this transaction?

The signature on the filing by an attorney‑in‑fact is dated 10/02/2025.