ZEBRA TECHNOLOGIES CORP — Director's Dealing 2025

Dec 19, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2025-12-17

Reporting Person: O'Sullivan Colleen M (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-17	Class A Common Stock	F	53	$254.27	Disposed	6407	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	6460	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (816)	816	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (658)	658	Direct

Footnotes

F1: These stock appreciation rights became exercisable in four equal annual installments beginning on May 2, 2020.

F2: These stock appreciation rights became exercisable in four equal annual installments beginning on April 30, 2021.