Dell Technologies Inc. (DELL) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-06 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Dell Technologies Inc. (DELL) CIK: 0001571996 --- Reporting Owner --- Name: SL SPV-2, L.P. CIK: 0001767114 Role: Director, 10%+ Owner --- Non-Derivative Transactions --- [Transaction #1] Security: Class C Common Stock Date: 2026-07-06 | Code: M (Exercise of derivative) Shares: +93,371 Shares Owned After: 93,371 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F1] Silver Lake Technology Investors V, L.P., SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P. 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 July 6, 2026. [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F1] Silver Lake Technology Investors V, L.P., SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P. 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 July 6, 2026. [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #2] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -3,561 | Price: $405.36 Total Value: $1,443,486.96 Shares Owned After: 89,810 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F10] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $405.0000 to $405.8100 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #3] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -1,362 | Price: $406.35 Total Value: $553,448.70 Shares Owned After: 88,448 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F11] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $406.0000 to $406.9600 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #4] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -4,932 | Price: $407.59 Total Value: $2,010,233.88 Shares Owned After: 83,516 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F12] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $407.0200 to $408.0100 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #5] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -11,564 | Price: $408.52 Total Value: $4,724,125.28 Shares Owned After: 71,952 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F13] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $408.0366 to $409.0288 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #6] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -9,146 | Price: $409.49 Total Value: $3,745,195.54 Shares Owned After: 62,806 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F14] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $409.0300 to $410.0262 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #7] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -12,177 | Price: $410.68 Total Value: $5,000,850.36 Shares Owned After: 50,629 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F15] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $410.0514 to $411.0409 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #8] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -9,545 | Price: $411.40 Total Value: $3,926,813.00 Shares Owned After: 41,084 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F16] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $411.0500 to $412.0400 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #9] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -1,380 | Price: $412.51 Total Value: $569,263.80 Shares Owned After: 39,704 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F17] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $412.0725 to $412.9500 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #10] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -38 | Price: $413.30 Total Value: $15,705.40 Shares Owned After: 39,665 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F18] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $413.2900 to $413.5186 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #11] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -3,111 | Price: $415.49 Total Value: $1,292,589.39 Shares Owned After: 36,555 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F19] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $415.0000 to $415.9954 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #12] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -3,503 | Price: $416.34 Total Value: $1,458,439.02 Shares Owned After: 33,052 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F20] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $416.0000 to $416.9900 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #13] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -1,129 | Price: $417.78 Total Value: $471,673.62 Shares Owned After: 31,923 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F21] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $417.0000 to $418.0000 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. [Transaction #14] Security: Class C Common Stock Date: 2026-07-06 | Code: S (Open market sale) Shares: -1,756 | Price: $418.49 Total Value: $734,868.44 Shares Owned After: 30,167 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F22] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $418.1400 to $419.0600 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. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. --- Derivative Transactions --- [Transaction #1] Security: Class B Common Stock Date: 2026-07-06 | Code: M (Exercise of derivative) Shares: -93,371 | Price: $0.00 Shares Owned After: 16,937,769 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F1] Silver Lake Technology Investors V, L.P., SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P. 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 July 6, 2026. [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F3] These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. [F4] Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. --- Holdings --- [Holding #1] Security: Class C Common Stock Ownership: I (Indirect) Footnotes: [F5] RESERVED [F6] RESERVED [F7] This amount reflects 29,494, 11,109, 28,109, 81,500 and 126 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Associates V, L.P., SLG and Silver Lake Secondary Holdings L.P., respectively, on behalf of certain employees and managing members of SLG or its affiliates. [Holding #2] Security: Class C Common Stock Ownership: D (Direct) Footnotes: [F8] Represents shares of Class C Common Stock held directly by Mr. Durban. [Holding #3] Security: Class C Common Stock Ownership: I (Indirect) Footnotes: [F9] Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members. [Holding #4] Security: Class C Common Stock Ownership: I (Indirect) Footnotes: [F23] Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 23,084 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 14,901 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings. [Holding #5] Security: Class B Common Stock Ownership: I (Indirect) Footnotes: [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F2] Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. [F24] Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 17,387,467 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,411,815 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 255,827 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 115,364 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings. --- Footnotes (Complete Index) --- F1: Silver Lake Technology Investors V, L.P., SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P. 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 July 6, 2026. F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $405.0000 to $405.8100 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. F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $406.0000 to $406.9600 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. F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $407.0200 to $408.0100 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 $408.0366 to $409.0288 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. F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $409.0300 to $410.0262 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. F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $410.0514 to $411.0409 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. F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $411.0500 to $412.0400 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. F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $412.0725 to $412.9500 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. F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $413.2900 to $413.5186 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. F19: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $415.0000 to $415.9954 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. F2: Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 6, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. F20: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $416.0000 to $416.9900 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. F21: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $417.0000 to $418.0000 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. F22: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $418.1400 to $419.0600 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. F23: Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 23,084 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 14,901 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings. F24: Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 17,387,467 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,411,815 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 255,827 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 115,364 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings. F3: These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. F4: Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (GP), L.L.C. 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. F5: RESERVED F6: RESERVED F7: This amount reflects 29,494, 11,109, 28,109, 81,500 and 126 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Associates V, L.P., SLG and Silver Lake Secondary Holdings L.P., respectively, on behalf of certain employees and managing members of SLG or its affiliates. F8: Represents shares of Class C Common Stock held directly by Mr. Durban. F9: Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members. --- Signature --- /s/ By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA SPV-2 (GP), L.L.C., general partner of SLTA SPV-2, L.P., general partner of SL SPV-2, L.P. (2026-07-08)