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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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

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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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: 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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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: 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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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: 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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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: 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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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: 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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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: 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 16, 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 16, 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 held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 16, 2026.

F9 Reflects 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 $560.8800 to $561.6900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $561.9900 to $562.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $563.0100 to $564.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1300 to $565.0900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $565.1800 to $566.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $566.1800 to $567.1700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $567.1824 to $568.1291 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $568.2193 to $569.1857 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $569.2194 to $570.2100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $570.2208 to $571.2179 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $571.2209 to $572.2132 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $572.2320 to $572.9974 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $573.0000 to $573.7900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 92,330 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 81,555 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F24 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,028,648 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,454,211 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 242,095 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 109,172 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: F1, F2, 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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: F31, 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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: F30, 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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: F29, 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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: F28, 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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: F27, 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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 15, 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 15, 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 held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C.

F4 Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.

F5 Reflects shares of Class C Common Stock held by SLG.

F6 Reflects shares of Class C Common Stock held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.

F7 This amount reflects 41,375, 137,789, 35,426 and 24,766 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 Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on September 15, 2026.

F9 Reflects 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 $542.2300 to $543.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $543.2300 to $543.9400 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $544.3289 to $545.3100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $545.3700 to $546.2500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $546.4000 to $547.2200 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $547.4000 to $548.3300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $548.4000 to $548.8100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.0000 to $550.9500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.0000 to $551.7700 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $552.0000 to $552.9300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $553.0000 to $553.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.0000 to $554.6300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $555.0000 to $555.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $556.0000 to $556.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.0000 to $557.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F25 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.0000 to $558.9289 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 $559.1180 to $560.1165 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $560.1362 to $561.1037 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F28 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $561.1500 to $562.1393 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F29 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $562.1637 to $563.1068 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F30 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $563.1900 to $564.1739 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F31 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $564.1929 to $565.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F32 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 69,601 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 61,474 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 35,988 shares of Class C Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings.

F33 Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,098,371 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 16,525,785 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,945,386 shares of Class B Common Stock and Silver Lake Technology Investors IV, L.P. directly holds 243,148 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