ZEBRA TECHNOLOGIES CORP — Director's Dealing 2024

May 16, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2024-05-14

Reporting Person: Cho Michael (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-14	Class A Common Stock	M	266	$149.57	Acquired	5348	Direct
2024-05-14	Class A Common Stock	M	280	$205.12	Acquired	5628	Direct
2024-05-14	Class A Common Stock	F	162	$320.47	Disposed	5466	Direct
2024-05-14	Class A Common Stock	S	384	$320.45	Disposed	5082	Direct
2024-05-14	Class A Common Stock	S	1273	$320.53	Disposed	3809	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-05-14	Stock Appreciation Right	$149.57	M	500	Disposed	2025-05-10	Class A Common Stock (500)	Direct
2024-05-14	Stock Appreciation Right	$205.12	M	780	Disposed	2026-05-02	Class A Common Stock (780)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	5082	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (1086)	1086	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.