ZEBRA TECHNOLOGIES CORP — Director's Dealing 2023

Feb 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2023-02-08

Reporting Person: Cho Michael (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-08	Class A Common Stock	A	1014	—	Acquired	4768	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3754	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (500.0)	500	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (780.0)	780	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (1086.0)	1086	Direct

Footnotes

F1: Previously unreportable performance based restricted stock (PVRS) granted April 30, 2020 with a 3-year performance period ended December 31, 2022. Converted to restricted shares as of February 8, 2023 based on performance certification with April 30, 2023 vesting date.

F2: Of the stock appreciation rights subject to this SAR, 499 vest on May 10, 2019, 499 vest on May 10, 2020, 499 vest on May 10, 2021 and 500 vest on May 10, 2022.

F3: Of the stock appreciation rights subject to this SAR, 389 vest on May 2, 2020, 390 vest on May 2, 2021, 390 vest on May 2, 2022 and 390 vest on May 2, 2023.

F4: Of the stock appreciation rights subject to this SAR, 362 vest on April 30, 2021, 362 vest on April 30, 2022, 362 vest on April 30, 2023 and 362 vest on April 30, 2024.