ZEBRA TECHNOLOGIES CORP — Director's Dealing 2022

May 9, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2022-05-05

Reporting Person: O'Sullivan Colleen M (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-05	Class A Common Stock	A	468	—	Acquired	4733	Direct
2022-05-06	Class A Common Stock	F	37	$342.59	Disposed	4696	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	4265	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (419.0)	419	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (547.0)	547	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (816.0)	816	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (658.0)	658	Direct

Footnotes

F1: Of the restricted stock units subject to this award, 156 vest on May 5, 2023, 156 vest on May 5, 2024, and 156 vest on May 5, 2025.

F2: Of the stock appreciation rights subject to this SAR, 419 vest on May 11, 2018, 419 vest on May 11, 2019, 419 vest on May 11, 2020 and 419 vest on May 11, 2021.

F3: Of the stock appreciation rights subject to this SAR, 273 vest on May 10, 2019, 273 vest on May 10, 2020, 273 vest on May 10, 2021 and 274 vest on May 10, 2022.

F4: Of the stock appreciation rights subject to this SAR, 204 vest on May 2, 2020, 204 vest on May 2, 2021, 204 vest on May 2, 2022 and 204 vest on May 2, 2023.

F5: Of the stock appreciation rights subject to this SAR, 164 vest on April 30, 2021, 164 vest on April 30, 2022, 165 vest on April 30, 2023 and 165 vest on April 30, 2024.