Dell Technologies (NYSE: DELL) HR chief reports RSU vesting and tax withholding

Rhea-AI Filing Summary

Dell Technologies Inc. Chief Human Resources Officer Jennifer D. Saavedra reported routine equity compensation activity in Class C common stock. She received a grant and vesting-related award of 77,312 shares at no cost, tied to restricted stock units and performance-based RSUs certified as earned.

To cover tax liabilities from these vestings, 7,835 shares were withheld by Dell, a non-market, tax-withholding disposition. After these transactions, Saavedra directly owns 322,192 shares of Dell Class C common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Saavedra Jennifer D.

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class C Common Stock	7,835	$151.62	$1.19M
Grant/Award	Class C Common Stock	77,312	$0.00	--

Holdings After Transaction: Class C Common Stock — 244,880 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 125,859 shares certified as earned with respect to an award of performance-based RSUs granted on March 15, 2023, net of 48,547 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^*

Saavedra Jennifer 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources 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		7,835(1)	D	$151.62	244,880	D
Class C Common Stock	03/15/2026		A		77,312(2)	A	$0	322,192	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 125,859 shares certified as earned with respect to an award of performance-based RSUs granted on March 15, 2023, net of 48,547 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 did Dell (DELL) executive Jennifer Saavedra report in this Form 4 filing?

Jennifer Saavedra reported equity compensation activity, not open-market trading. She received 77,312 Dell Class C shares from vested RSU and performance-based RSU awards, while 7,835 shares were withheld by Dell to satisfy tax liabilities triggered by these vestings.

How many Dell (DELL) shares does Jennifer Saavedra hold after these transactions?

After the reported transactions, Jennifer Saavedra directly holds 322,192 Dell shares. This total reflects the net effect of 77,312 shares received from vested awards and 7,835 shares withheld by Dell to pay taxes associated with the vesting events.

What is the nature of the 7,835 Dell (DELL) shares disposed of in Saavedra’s Form 4?

The 7,835 shares were withheld by Dell to cover tax liabilities. These shares were not sold on the open market; they were retained by the company as payment of taxes due upon partial vesting of RSUs granted in 2023, 2024, and 2025.

What performance-based RSU award did Jennifer Saavedra report for Dell (DELL)?

Saavedra reported 125,859 performance-based RSUs certified as earned. Of these, 48,547 shares were withheld by Dell to pay taxes at vesting, leaving 77,312 net shares delivered to her as Dell Class C common stock upon certification and simultaneous vesting.

Does this Dell (DELL) Form 4 show Jennifer Saavedra buying or selling stock in the market?

The filing does not show open-market purchases or sales. It reflects a grant and vesting of RSU and performance-based RSU awards, plus shares withheld by Dell for tax obligations, which is standard equity compensation treatment rather than discretionary market trading.