ZEBRA TECHNOLOGIES CORP — Director's Dealing 2022

May 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2022-04-30

Reporting Person: Williams Stephen Edgar (Chief Global Ops & Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-30	Class A Common Stock	F	86	$369.66	Disposed	4000	Direct
2022-05-02	Class A Common Stock	F	96	$379.57	Disposed	3904	Direct
2022-05-02	Class A Common Stock	F	771	$379.57	Disposed	3133	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	4086	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (936.0)	936	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (1218.0)	1218	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, 467 vest on May 2, 2020, 468 vest on May 2, 2021, 468 vest on May 2, 2022 and 468 vest on May 2, 2023.

F2: Of the stock appreciation rights subject to this SAR, 406 vest on April 30, 2021, 406 vest on April 30, 2022, 406 vest on April 30, 2023 and 406 vest on April 30, 2024.