[Form 4] Dell Technologies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lynn V. Radakovich, a Dell Technologies director, reported option exercise and an offsetting sale executed under a Rule 10b5-1 trading plan adopted July 15, 2024. On 08/15/2025 she exercised 725 options with an exercise price of $31.14 and acquired 725 Class C common shares, and on the same date sold 725 shares at $140.71.

The filing shows 24,405 shares beneficially owned after the acquisition and 23,680 after the sale. The options exercised are fully vested and expire on 04/02/2029. The Form 4 was filed by one reporting person and bears an attorney-in-fact signature dated 08/19/2025.

Positive

• Trades executed under a documented Rule 10b5-1 plan, indicating pre-established trading intentions and potential reduction of insider trading concerns
• Options were fully vested before exercise, simplifying the tax and disclosure profile
• Prompt Form 4 disclosure with specific quantities, prices, and post-transaction holdings enhances transparency

Negative

• Insider sale of 725 shares resulted in a net reduction of beneficial ownership from 24,405 to 23,680 shares
• Sale proceeds realized could be interpreted by some investors as liquidity-taking, though the filing shows it followed a 10b5-1 plan

Insights

Financial Analyst

TL;DR: Routine insider exercise and sale under a 10b5-1 plan; transaction size is modest relative to institutional stakes.

The filing documents a simultaneous exercise of 725 options at $31.14 and sale of 725 shares at $140.71 under a pre-existing Rule 10b5-1 plan adopted 07/15/2024. This realizes intrinsic value from long-dated, fully vested options (expiration 04/02/2029) while maintaining disclosure transparency. The change in beneficial ownership is small in absolute terms (net decrease of 725 shares) and does not, on its face, indicate a material shift in insider stance.

Corporate Governance Expert

TL;DR: Proper use of a documented 10b5-1 plan and timely Form 4 filing reflect adherence to insider trading controls.

The report shows adherence to standard governance practices: the trades were effected pursuant to a 10b5-1 plan adopted 07/15/2024 and were disclosed via Form 4 with an attorney-in-fact signature on 08/19/2025. The options were fully vested at exercise, and the simultaneous sale appears structured to monetize gains. From a governance perspective, the filing provides clear timestamps, prices, and post-transaction holdings, supporting regulatory compliance and investor transparency.

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^*

Radakovich Lynn Vojvodich

(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)
08/15/2025

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	08/15/2025		M(1)		725	A	$31.14	24,405	D
Class C Common Stock	08/15/2025		S(1)		725	D	$140.71	23,680	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	$31.14	08/15/2025		M(1)			725	(2)	04/02/2029	Class C Common Stock	725	$0	64,726	D

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on July 15, 2024.

2. The options are fully vested.

Remarks:

	/s/ James Williamson, Attorney-in-Fact	08/19/2025
	** 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 transactions did Lynn V. Radakovich report on Form 4 for DELL?

On 08/15/2025 she exercised 725 options at an exercise price of $31.14 and sold 725 Class C common shares at $140.71.

Were the optioned shares fully vested when exercised?

Yes. The filing states the options are fully vested and the underlying options expire on 04/02/2029.

Was the trade executed under a 10b5-1 trading plan?

Yes. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on 07/15/2024.

How did the transactions change Radakovich's beneficial ownership of DELL shares?

The filing shows 24,405 shares beneficially owned after the acquisition and 23,680 shares after the sale (net reduction of 725 shares).

Who signed the Form 4 and when was it filed?

The Form 4 bears the signature of James Williamson, Attorney-in-Fact dated 08/19/2025.