Dell Technologies Inc. — Director's Dealing 2020

May 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dell Technologies Inc. (DELL)
CIK: 0001571996
Period of Report: 2020-05-26

Reporting Person: Rothberg Richard J (General Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-26	Class C Common Stock	M	2938	$13.75	Acquired	114432	Direct
2020-05-26	Class C Common Stock	S	2938	$45.01	Disposed	111494	Direct
2020-05-27	Class C Common Stock	M	137516	$13.75	Acquired	249010	Direct
2020-05-27	Class C Common Stock	S	137516	$45.33	Disposed	111494	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-26	Options to Acquire Class C Common Stock	$13.75	M	2938	Disposed	2023-11-25	Class C Common Stock (2938)	Direct
2020-05-27	Options to Acquire Class C Common Stock	$13.75	M	137516	Disposed	2023-11-25	Class C Common Stock (137516)	Direct

Footnotes

F1: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 represents a weighted average sales price of $45.014. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.07, 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 ranges set forth in footnotes 2 and 3.

F3: The price reported in Column 4 represents a weighted average sales price of $45.328. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.54, inclusive.

F4: The options are fully vested.

F5: Consists of 687,273 time-based options and 157,519 performance-based options.

F6: Consists of 687,273 time-based options and 20,003 performance-based options.