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: Burns Bill (Chief Product & Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-30	Class A Common Stock	F	431	$369.66	Disposed	9807	Direct
2022-05-02	Class A Common Stock	F	466	$379.57	Disposed	9341	Direct
2022-05-02	Class A Common Stock	F	2510	$379.57	Disposed	6831	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	10238	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (7709.0)	7709	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (5463.0)	5463	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (4364.0)	4364	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (3901.0)	3901	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, 1,927 vest on May 11, 2018, 1,927 vest on May 11, 2019, 1,927 vest on May 11, 2020 and 1,928 vest on May 11, 2021.

F2: Of the stock appreciation rights subject to this SAR, 1,365 vest on May 10, 2019, 1,366 vest on May 10, 2020, 1,366 vest on May 10, 2021 and 1,366 vest on May 10, 2022.

F3: Of the stock appreciation rights subject to this SAR, 1,091 vest on May 2, 2020, 1,091 vest on May 2, 2021, 1,091 vest on May 2, 2022 and 1,091 vest on May 2, 2023.

F4: Of the stock appreciation rights subject to this SAR, 975 vest on April 30, 2021, 975 vest on April 30, 2022, 975 vest on April 30, 2023 and 976 vest on April 30, 2024.