[Form 4] Dell Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 overview

On 06/18/2025, Dell Technologies Inc. (ticker: DELL) reported insider activity via a Form 4. The filer is William F. Scannell, President, Global Sales & Customer Operations, a Section 16 officer.

Transaction details: Scannell executed an open-market disposition (Transaction Code S) of 91,230 Class C common shares at a weighted-average price of $118.42. The footnote states the sales occurred within a $118.00–$118.78 range and that full price-level data is available upon request, in line with SEC guidance for aggregated price disclosures.

Post-sale position: His direct beneficial ownership fell to 56,429 shares following the transaction. No derivative securities were reported as acquired or disposed, and the filing was made by a single reporting person.

Compliance notes: The form does not check the 10b5-1 box, implying the trade was not executed under a pre-arranged plan. All standard certifications, signatures, and OMB references are present, indicating procedural completeness.

Investor significance: The sale represents a sizeable reduction in a senior executive’s stake, giving shareholders fresh insight into insider sentiment and potential liquidity motivations.

Insights

Securities Analyst

TL;DR: Dell sales chief sold 91k shares at $118.42, cutting direct stake to 56k; mildly negative insider-sentiment signal.

The Form 4 signals a meaningful insider sale by a key revenue-facing executive. Disposing of 91,230 shares—roughly 62% of his previously reported direct holdings—at near-term highs may indicate profit-taking or portfolio diversification. Lack of a Rule 10b5-1 designation suggests discretionary timing instead of an automated program, often viewed more cautiously by investors. No derivative exercises offset the sale, so the net exposure decline is real. While single-insider actions seldom dictate valuation, consistent selling from top sales leadership can weigh on market perception, particularly if accompanied by limited subsequent buying.

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^*

Scannell William F

(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)
	Pres., Glob. Sales & Cust. Ops

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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	06/18/2025		S		91,230	D	$118.42(1)	56,429	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. The price reported in Column 4 represents a weighted average sales price of $118.4243. These shares were sold in multiple transactions at prices ranging from $118.00 to $118.78, inclusive. The reporting person undertakes to provide to Dell Technologies Inc., any security holder of Dell Technologies Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

Remarks:

	/s/ James Williamson, Attorney-in-Fact	06/20/2025
	** 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.