Dell Technologies

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-04 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: 2026-09-04 | Code: M (Exercise of derivative) Shares: +74,077 Shares Owned After: 147,262 | 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 September 4, 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 September 4, 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 September 4, 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 September 4, 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -5,581 | Price: $515.53 Total Value: $2,877,172.93 Shares Owned After: 141,681 | 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 $515.0000 to $515.9986 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -2,959 | Price: $516.38 Total Value: $1,527,968.42 Shares Owned After: 138,721 | 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 $516.0000 to $516.9907 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -4,959 | Price: $517.63 Total Value: $2,566,927.17 Shares Owned After: 133,762 | 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 $517.0100 to $517.9988 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -5,762 | Price: $518.43 Total Value: $2,987,193.66 Shares Owned After: 128,001 | 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 $518.0000 to $518.9900 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -2,237 | Price: $519.41 Total Value: $1,161,920.17 Shares Owned After: 125,763 | 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 $519.0000 to $519.9900 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -1,910 | Price: $520.58 Total Value: $994,307.80 Shares Owned After: 123,854 | 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 $520.0800 to $521.0673 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -3,661 | Price: $521.59 Total Value: $1,909,540.99 Shares Owned After: 120,193 | 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 $521.0862 to $522.0861 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -5,086 | Price: $522.66 Total Value: $2,658,248.76 Shares Owned After: 115,107 | 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 $522.0922 to $523.0550 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -3,390 | Price: $523.52 Total Value: $1,774,732.80 Shares Owned After: 111,717 | 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 $523.0927 to $524.0849 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -2,392 | Price: $524.67 Total Value: $1,255,010.64 Shares Owned After: 109,324 | 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 $524.1009 to $525.0830 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -5,022 | Price: $525.57 Total Value: $2,639,412.54 Shares Owned After: 104,302 | 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 $525.1005 to $526.1000 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -2,044 | Price: $526.65 Total Value: $1,076,472.60 Shares Owned After: 102,258 | 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 $526.1400 to $527.0909 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 the CEO and a 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: 2026-09-04 | Code: S (Open market sale) Shares: -2,941 | Price: $527.59 Total Value: $1,551,642.19 Shares Owned After: 99,317 | 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 $527.1500 to $527.9900 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 the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer. [Transaction #15] Security: Class C Common Stock Date: 2026-09-04 | Code: S (Open market sale) Shares: -1,687 | Price: $528.48 Total Value: $891,545.76 Shares Owned After: 97,630 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F23] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $528.0000 to $528.9400 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 the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer. [Transaction #16] Security: Class C Common Stock Date: 2026-09-04 | Code: S (Open market sale) Shares: -315 | Price: $529.16 Total Value: $166,685.40 Shares Owned After: 97,315 | Ownership: I (Indirect) | Nature: Held through SL SPV-2, L.P. Footnotes: [F24] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $529.0000 to $529.6600 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 the CEO and a 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: 2026-09-04 | Code: M (Exercise of derivative) Shares: -74,077 | Price: $0.00 Shares Owned After: 16,457,333 | 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 September 4, 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 September 4, 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 September 4, 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 September 4, 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 September 4, 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 the CEO and a 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: [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 the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer. [F5] Represents shares of Class C Common Stock held directly held by SLG. [Holding #2] Security: Class C Common Stock Ownership: I (Indirect) Footnotes: [F6] Represents shares of Class C Common Stock held by entities in which Mr. Egon Durban may be deemed to have an indirect pecuniary interest. [Holding #3] Security: Class C Common Stock Ownership: I (Indirect) Footnotes: [F7] This amount reflects 33,862, 65,130, 30,889 and 59,549 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Associates V, L.P. and SLG, respectively, on behalf of certain employees and managing members of SLG or its affiliates. [Holding #4] Security: Class C Common Stock Ownership: D (Direct) Footnotes: [F8] Represents shares of Class C Common Stock held directly by Mr. Durban. [Holding #5] 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 #6] Security: Class C Common Stock Ownership: I (Indirect) Footnotes: [F25] Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 85,520 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 50,263 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 #7] 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 September 4, 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 September 4, 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 September 4, 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. [F26] Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 16,894,277 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,144,851 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 248,570 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,092 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 September 4, 2026. F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $515.0000 to $515.9986 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 $516.0000 to $516.9907 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 $517.0100 to $517.9988 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 $518.0000 to $518.9900 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. F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $519.0000 to $519.9900 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. F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $520.0800 to $521.0673 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 $521.0862 to $522.0861 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 $522.0922 to $523.0550 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 $523.0927 to $524.0849 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 $524.1009 to $525.0830 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 September 4, 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 $525.1005 to $526.1000 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 $526.1400 to $527.0909 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 $527.1500 to $527.9900 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. F23: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $528.0000 to $528.9400 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. F24: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $529.0000 to $529.6600 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. F25: Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 85,520 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 50,263 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. F26: Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 16,894,277 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,144,851 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 248,570 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,092 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 the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer. F5: Represents shares of Class C Common Stock held directly held by SLG. F6: Represents shares of Class C Common Stock held by entities in which Mr. Egon Durban may be deemed to have an indirect pecuniary interest. F7: This amount reflects 33,862, 65,130, 30,889 and 59,549 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Associates V, L.P. and SLG, 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, 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. (2026-09-09)