Kullman Ellen Jamison 4

What Happened

• Ellen Jamison Kullman, a director of Dell Technologies (DELL), exercised stock options on March 6, 2026 for a total of 150,346 shares and sold those shares the same day (a cashless exercise followed by open-market sales).
• Exercise details and costs: 8,801 shares @ $13.98 (cost $123,038); 15,287 shares @ $13.60 (cost $207,903); 126,258 shares @ $13.60 (cost $1,717,109). Total exercise cost ≈ $2.05M.
• Sale details and proceeds: those 150,346 shares were sold in multiple transactions for total gross proceeds of ≈ $21.82M (sales reported at weighted-average prices of about $145.72, $144.51 and $145.42 across the different lots).

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026.
• Shares exercised (acquired): 150,346 total; shares sold (disposed): 150,346 total — net result: exercised then sold same-day.
• Per-lot breakdown:
  • 8,801 exercised @ $13.98 (cost $123,038) and sold for ≈ $1,284,242 (weighted avg ≈ $145.72; range $145.60–$145.83; see F1).
  • 15,287 exercised @ $13.60 (cost $207,903) and sold for ≈ $2,227,622 (weighted avg ≈ $145.72; see F1/F3 ranges).
  • 126,258 exercised @ $13.60 (cost $1,717,109) and sold in two blocks (57,131 @ avg $144.51 for ≈ $8,256,001 and 69,127 @ avg $145.42 for ≈ $10,052,448; see F2 and F3).
• Footnotes: F1–F3 give weighted-average sale prices and price ranges for the multiple transactions; F4 notes the options were fully vested. Several derivative-line entries show the option positions being disposed at $0 because the options were exercised (standard reporting).
• Shares owned after the transactions are not specified in the data provided here; see the full SEC filing for post-transaction holdings.

Context

• This was an option exercise with immediate sales (a cashless exercise), which is a common way for insiders to cover exercise costs, taxes, or to realize gains from vested options. The filing is factual and does not by itself indicate the insider’s view of the company’s prospects.