ZEBRA TECHNOLOGIES CORP — Director's Dealing 2023

May 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2023-04-30

Reporting Person: GUSTAFSSON ANDERS (Director, Executive Chair)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-30	Class A Common Stock	F	8180	$288.03	Disposed	197390	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	205570	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$51.42	2026-05-12	Class A Common Stock (42256.0)	42256	Direct
Stock Appreciation Right	$98.87	2024-05-11	Class A Common Stock (33514.0)	33514	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (25214.0)	25214	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (23379.0)	23379	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (20134.0)	20134	Direct

Footnotes

F1: Of the stock appreciation rights subject to this SAR, 10,564 vest on May 12, 2017, 10,564 vest on May 12, 2018, 10,564 vest on May 12, 2019 and 10,564 vest on May 12, 2020.

F2: Of the stock appreciation rights subject to this SAR, 8,378 vest on May 11, 2018, 8,378 vest on May 11, 2019, 8,379 vest on May 11, 2020 and 8,379 vest on May 11, 2021.

F3: Of the stock appreciation rights subject to this SAR, 6,303 vest on May 10, 2019, 6,303 vest on May 10, 2020, 6,304 vest on May 10, 2021 and 6,304 vest on May 10, 2022.

F4: Of the stock appreciation rights subject to this SAR, 5,844 vest on May 2, 2020, 5,845 vest on May 2, 2021, 5,845 vest on May 2, 2022 and 5,845 vest on May 2, 2023.

F5: Of the stock appreciation rights subject to this SAR, 5,033 vest on April 30, 2021, 5,033 vest on April 30, 2022, 5,034 vest on April 30, 2023 and 5,034 vest on April 30, 2024.