Dell Technologies Inc. — Director's Dealing 2025

Jan 9, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dell Technologies Inc. (DELL)
CIK: 0001571996
Period of Report: 2025-01-08

Reporting Person: SLTA IV (GP), L.L.C. (N/A)
Reporting Person: Silver Lake Group, L.L.C. (N/A)
Reporting Person: Silver Lake Technology Associates IV, L.P. (N/A)
Reporting Person: Silver Lake Partners IV, L.P. (N/A)
Reporting Person: Silver Lake Technology Investors IV, L.P. (N/A)
Reporting Person: SLTA SPV-2 (GP), L.L.C. (N/A)
Reporting Person: SLTA SPV-2, L.P. (N/A)
Reporting Person: SL SPV-2, L.P. (N/A)
Reporting Person: Durban Egon (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-08	Class C Common Stock	S	162468	$119.67	Disposed	210543	Indirect
2025-01-08	Class C Common Stock	S	185913	$119.67	Disposed	166672	Indirect
2025-01-08	Class C Common Stock	S	96193	$119.67	Disposed	89892	Indirect
2025-01-08	Class C Common Stock	S	3537	$119.67	Disposed	388	Indirect
2025-01-08	Class C Common Stock	S	1595	$119.67	Disposed	175	Indirect
2025-01-08	Class C Common Stock	S	17825	$120.27	Disposed	192718	Indirect
2025-01-08	Class C Common Stock	S	20397	$120.27	Disposed	146275	Indirect
2025-01-08	Class C Common Stock	S	10554	$120.27	Disposed	79338	Indirect
2025-01-08	Class C Common Stock	S	388	$120.27	Disposed	0	Indirect
2025-01-08	Class C Common Stock	S	175	$120.27	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class C Common Stock	26450	Indirect
Class C Common Stock	15806	Indirect
Class C Common Stock	53954	Indirect
Class C Common Stock	810657	Direct
Class C Common Stock	35112	Indirect

Footnotes

F1: SL SPV-2, L.P. ("SPV-2"), Silver Lake Partners IV, L.P. ("SLP IV") and Silver Lake Partners V DE (AIV), L.P. ("SLP V") and certain of their respective affiliates sold certain shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") on January 6, 2025, January 7, 2025 and January 8, 2025. These securities are directly held by SPV-2. The general partner of SPV-2 is SLTA SPV-2, L.P. ("SLTA SPV") and the general partner of SLTA SPV is SLTA SPV-2 (GP), L.L.C. ("SLTA SPV GP").

F2: These securities are directly held by SLP IV. The general partner of SLP IV is Silver Lake Technology Associates IV, L.P. ("SLTA IV") and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").

F3: These securities are directly held by SLP V. The general partner of SLP V is Silver Lake Technology Associates V, L.P. ("SLTA V") and the general partner of SLTA V is SLTA V (GP), L.L.C. ("SLTA V GP").

F4: These securities are directly held by Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is SLTA IV and the general partner of SLTA IV is SLTA IV GP.

F5: These securities are directly held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is SLTA V and the general partner of SLTA V is SLTA V GP.

F6: These shares of Class C Common Stock are held by SLTA SPV.

F7: These shares of Class C Common Stock are held by SLTA V.

F8: Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV GP, SLTA IV GP and SLTA V GP. Egon Durban, who serves as a director of the Issuer, also serves as a Co-CEO and Managing Member of SLG. Each of the reporting persons may be deemed a director by deputization of the Issuer.

F9: This amount reflects 2,598, 1,559 and 49,797 shares held by SLTA SPV-2, L.P., SLTA V and SLG, respectively, on behalf of certain employees and managing members of SLG or its affiliates, including Mr. Durban

F10: Represents shares of Class C Common Stock held by Mr. Egon Durban.

F11: Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.07 to $120.069 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.07 to $120.51 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.