ZEBRA TECHNOLOGIES CORP — Director's Dealing 2023

May 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2023-05-05

Reporting Person: White Joseph Ramsey (Chief Product & Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-05	Class A Common Stock	F	123	$273.80	Disposed	7416	Direct
2023-05-06	Class A Common Stock	F	94	$273.80	Disposed	7322	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	7539	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (922.0)	922	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (841.0)	841	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (935.0)	935	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (1260.0)	1260	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, all stock appreciation rights have vested.

F2: Of the stock appreciation rights subject to this SAR, 623 have vested and 312 vest on May 2, 2023.

F3: Of the stock appreciation rights subject to this SAR, 630 have vested and 315 vest on each of April 30, 2023 and 2024.