Dell issues 3.4M Class C shares on conversion of Class B shares held by Silver Lake entities

Dell Technologies Inc.

3,421,793 shares of Class C common stock issued upon one-for-one conversion of Class B common stock held by Silver Lake affiliates on six dates in June and July 2025.
No commission or remuneration paid; exemption under Section 3(a)(9) of Securities Act.
Post-conversion as of July 11, 2025: 340,673,002 Class C shares and 58,946,330 Class B shares outstanding.
Each Class C share has same dividend and liquidation rights as one Class B share; conversion rights are per corporate charter.

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