Howard D. Elias - Dec 3, 2021 Form 4 Insider Report for Dell Technologies Inc. (DELL)

Role: CCO & Pres., Svcs. & Digital
Signature: /s/ Robert Potts, Attorney-in-Fact
Stock symbol: DELL
Transactions as of: Dec 3, 2021
Transactions value $: -$3,186,700
Form type: 4
Date filed: 12/7/2021, 04:05 PM
Previous filing: Oct 6, 2021
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DELL	Class C Common Stock	Sale	-$3.19M	-55K	-17.86%	$57.94	253K	Dec 3, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 represents a weighted average sales price of $57.935. These shares were sold in multiple transactions at prices ranging from $57.83 to $57.98, inclusive. The reporting person undertakes to provide to Dell Technologies Inc. (the "Issuer"), any security holder of the Issuer, 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 this footnote.
F2	On November 1, 2021, the Issuer completed a special distribution of all of the shares of common stock of its former subsidiary, VMware, Inc., that it beneficially owned to its stockholders on a pro rata basis (the "Transaction"). In connection with the Transaction, the Issuer implemented an equitable adjustment to outstanding equity awards held by participants in the Issuer's 2013 Stock Incentive Plan in accordance with the terms of the plan. As a result, the 197,658 restricted stock units ("RSUs") previously reported as beneficially owned by the reporting person were adjusted and the reporting person now beneficially owns 252,923 RSUs.

Content

The price reported in Column 4 represents a weighted average sales price of $57.935. These shares were sold in multiple transactions at prices ranging from $57.83 to $57.98, inclusive. The reporting person undertakes to provide to Dell Technologies Inc. (the "Issuer"), any security holder of the Issuer, 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 this footnote.

On November 1, 2021, the Issuer completed a special distribution of all of the shares of common stock of its former subsidiary, VMware, Inc., that it beneficially owned to its stockholders on a pro rata basis (the "Transaction"). In connection with the Transaction, the Issuer implemented an equitable adjustment to outstanding equity awards held by participants in the Issuer's 2013 Stock Incentive Plan in accordance with the terms of the plan. As a result, the 197,658 restricted stock units ("RSUs") previously reported as beneficially owned by the reporting person were adjusted and the reporting person now beneficially owns 252,923 RSUs.