ZEBRA TECHNOLOGIES CORP — Director's Dealing 2025

Feb 7, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK: 0000877212
Period of Report: 2025-02-06

Reporting Person: GUSTAFSSON ANDERS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-06	Class A Common Stock	A	3914	—	Acquired	201676	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	197762	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$51.42	2026-05-12	Class A Common Stock (42256)	42256	Direct
Stock Appreciation Right	$149.57	2025-05-10	Class A Common Stock (25214)	25214	Direct
Stock Appreciation Right	$205.12	2026-05-02	Class A Common Stock (23379)	23379	Direct
Stock Appreciation Right	$244.97	2027-04-30	Class A Common Stock (20134)	20134	Direct

Footnotes

F1: Previously unreportable performance-based restricted stock (PVRS) granted on May 5, 2022, with a three-year performance period ended December 31, 2024. The number of shares to result from this PVRS grant was determined on February 6, 2025, and the PVRS will vest on May 5, 2025.

F2: 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.

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.