ZEBRA TECHNOLOGIES CORP — Director's Dealing 2025

May 7, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2025-05-02

Reporting Person: Schmitz Jeffrey F (Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-02	Class A Common Stock	F	348	$255.95	Disposed	12107	Direct
2025-05-04	Class A Common Stock	F	416	$255.95	Disposed	11691	Direct
2025-05-05	Class A Common Stock	F	436	$249.96	Disposed	11255	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	12455	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (874)	874	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (1180)	1180	Direct

Footnotes

F1: Price reflects the weighted average price. Information regarding the number of shares withheld at each separate price will be provided by the reporting person upon request.

F2: These stock appreciation rights became exercisable in four equal annual installments beginning on May 2, 2020.

F3: These stock appreciation rights became exercisable in four equal annual installments beginning on April 30, 2021.