[Form 4] Dell Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

William D. Green, a director of Dell Technologies Inc. (DELL), reported receiving a grant on 09/30/2025 totaling 2,574 Class C common stock economic units: 987 shares and 1,587 deferred stock units (DSUs).

The grant was reported at a $0 price and increases the reporting person’s beneficial ownership to 47,619 shares following the transaction. The DSUs vest in full on the first anniversary of Dell’s annual meeting held on June 26, 2025, contingent on the director’s continued service on that vesting date. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Positive

• 2,574 total units granted (987 shares + 1,587 DSUs), reinforcing director compensation alignment
• DSUs vest in full on the first anniversary of the June 26, 2025 annual meeting, providing a retention condition

Negative

• None.

Insights

Corporate Governance Analyst

Director received equity grant of 2,574 units, including DSUs that vest on the one-year anniversary.

The filing documents a non-cash equity grant of 987 shares and 1,587 DSUs to director William D. Green on 09/30/2025. The reporting shows total beneficial ownership rising to 47,619 shares.

The DSUs vest in full on the first anniversary of the June 26, 2025 annual meeting, conditional on continued service; this creates a clear retention condition tied to board service.

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

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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^*

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)
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		2,574(1)	A	$0	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

Explanation of Responses:

1. Represents a grant of 987 shares of Class C Common Stock and 1,587 deferred stock units ("DSUs"). The DSUs vest in full on the first anniversary of the annual meeting of stockholders of Dell Technologies Inc. held on June 26, 2025, contingent on the reporting person's continued service on such 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 did William D. Green report on Form 4 for DELL?

He reported a grant of 2,574 Class C common stock economic units consisting of 987 shares and 1,587 DSUs on 09/30/2025.

How many shares does William D. Green beneficially own after the transaction?

The Form 4 shows 47,619 shares beneficially owned following the reported transaction.

When do the deferred stock units (DSUs) vest?

The 1,587 DSUs vest in full on the first anniversary of Dell’s annual meeting held on June 26, 2025, contingent on continued service.

Was there any cash paid for the granted units?

The transaction is reported at a $0 price, indicating no cash purchase price was paid for these units.

When was the Form 4 signed and filed?

The Form 4 bears a signature by an attorney-in-fact on 10/02/2025.