Dell Technologies SEC Filings

David W. Dorman, a director of Dell Technologies Inc. (DELL), reported an acquisition on 09/30/2025 of a total of 2,398 Class C common stock units consisting of 811 shares and 1,587 restricted stock units (RSUs). The RSUs vest in full on the first anniversary of the company’s annual meeting held on June 26, 2025, contingent on the reporting person’s continued service at that time. After the transaction the reporting person beneficially owns 119,516 shares of Class C common stock. The Form reports the acquisition under Section 16(a) as a grant to a director.

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.

Dell Technologies Inc. filed an amended report to describe an equity award for its interim Chief Financial Officer, David Kennedy. On September 30, 2025, the Compensation Committee approved a grant of 10,580 time-based restricted stock units that will settle in Dell’s Class C common stock. These RSUs were granted under the 2023 Stock Incentive Plan and are scheduled to vest over three years in installments of 20%, 30% and 50%, starting on the first anniversary of the September 30, 2025 grant date.

Dell Technologies Inc. reported that its board’s Compensation Committee granted Chief Operating Officer and Vice Chairman Jeffrey Clarke a one-time performance-based stock option award to purchase 2,500,000 shares of Class C common stock under the 2023 Stock Incentive Plan. The options have a ten-year term, an exercise price of $141.77 per share, and a grant date fair value of about $132.4 million.

The award will vest only if Dell meets both a market capitalization performance goal and a free cash flow performance goal over a period ending January 31, 2031, and if Mr. Clarke remains employed through March 15, 2031, with certain acceleration on death or disability. The options are subject to forfeiture and repayment provisions during employment and for one year after, as described in the performance-based stock option agreement filed as an exhibit.

Dell Technologies insider sale notice under Rule 144. The filing shows a proposed sale of 65,000 Class C shares through Fidelity Brokerage Services (scheduled for 10/02/2025) with an aggregate market value of $9,782,500 and total Class C shares outstanding listed as 336,904,619. The shares to be sold were listed as acquired via options granted on 09/14/2016 with payment in cash.

The filing also discloses prior sales by William D. Green in the past three months: 20,000 shares on 07/18/2025 for $2,600,000, 30,000 on 07/29/2025 for $4,050,000, 50,000 on 08/11/2025 for $7,000,000, and 65,000 on 10/01/2025 for $9,425,000. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Dell Technologies Inc. Form 144 notice shows a proposed sale of 1,822 shares of Class C common stock through Merrill Lynch on 10/01/2025. The shares were acquired upon conversion of Class B common stock (Class B originally acquired in 2019) and the filing reports total Class C shares outstanding of 338,646,945, so the planned sale represents a very small fraction of outstanding stock. The filing also lists numerous prior sales by Silver Lake-related entities between July and September 2025, including multiple transactions of hundreds of thousands of shares with aggregate gross proceeds reported for each sale. The filer signs that they are unaware of any undisclosed material adverse information.

Dell Technologies (DELL) Form 144 notice reports a proposed sale of 211,763 shares of Class C Common Stock to be executed through Merrill Lynch on 10/01/2025, with an aggregate market value of $30,021,640.51 and 338,646,945 shares outstanding. The filer states these shares were acquired on 10/01/2025 upon conversion of Class B Common Stock that was originally acquired in 2016. The filing also lists numerous prior Class C share sales by Silver Lake-related entities between July and September 2025, including multiple large blocks sold on 09/22/2025 and 09/18/2025. The notice includes the seller’s attestation that no undisclosed material adverse information is known.

Dell Technologies insider sale notice: The filing reports a proposed sale of 65,000 Class C shares on or about 10/01/2025 through Fidelity Brokerage Services on the NYSE, with an aggregate market value of $9,425,000. The shares are part of total outstanding Class C shares of 336,904,619. The securities were recorded as acquired on 10/01/2025 via an option granted on 09/14/2016 and the contemplated payment method is cash. The filer also disclosed sales by William D. Green in the past three months totaling 100,000 Class C shares for gross proceeds of $13,650,000 across trades on 07/18/2025, 07/29/2025, and 08/11/2025. The notice includes the standard signer representation of no undisclosed material nonpublic information.

Dell Technologies Inc. (DELL) Form 4 summary: On 09/25/2025 affiliated Silver Lake entities completed in-kind distributions and multiple dispositions of Dell Class C common stock. Certain funds and entities (SL SPV-2, Silver Lake Partners IV, Silver Lake Partners V and Silver Lake Group) received pro rata distributions of Class C shares that were exempt from reporting under Rule 16a-13. On the same date Reporting Persons sold a total of 1,114,709 shares of Class C Common Stock at a weighted average price of $130.62 per share (sales ranged $130.45–$130.79). The filing shows various indirect holdings retained through affiliated vehicles and trusts; some holdings following the transactions are reported as 0 for the direct holdings disclosed.