Dell Technologies Inc. (DELL) Insider Transactions

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F22, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F21, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F20, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F19, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F18, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F17, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F16, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F15, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F14, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F13, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F12, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F11, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $513.5526 to $514.5500 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 $514.5555 to $515.5533 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 $515.5566 to $516.5500 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 $516.5700 to $517.5622 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 $517.5821 to $518.5800 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 $518.5870 to $519.5856 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 $519.5891 to $520.5800 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 $520.5900 to $521.5700 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 $521.5900 to $522.5309 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 $522.6100 to $523.6000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $523.6100 to $524.2201 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 $524.7550 to $525.2700 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 $526.3700 to $527.3000 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 $527.4050 to $528.0100 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.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F1, F2, F10, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F2, F1, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F26, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F25, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F24, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F23, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F22, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F21, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F20, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F19, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F18, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F17, F3, F4

Reported filing row; may be amended. Do not sum filings blindly.

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 3, 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 3, 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 Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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.

F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $496.2300 to $497.2076 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 $497.2372 to $498.1518 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 $498.2800 to $499.1000 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.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $499.4589 to $500.4000 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 $500.4790 to $501.4300 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 $501.5000 to $502.4947 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 $502.5000 to $503.4922 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 $503.5000 to $504.4800 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 $504.5000 to $505.4941 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 $505.5025 to $506.5000 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.

F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $506.5208 to $507.5151 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 $507.5275 to $508.5252 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 $508.5404 to $509.5184 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 $509.5415 to $510.5407 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 $510.5440 to $511.5409 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $511.5455 to $512.5381 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.

F26 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $512.5478 to $513.5466 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.

F27 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 73,185 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 64,209 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 37,799 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.

F28 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,531,410 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,970,320 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,186,013 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 112,596 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Due to certain reporting restrictions including that no more than 30 transactions can be listed on each Table of the Form 4 filing and no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4 reporting additional transactions.

References: F16, F3, F4