Michael Cho - 10 May 2021 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Strategy Officer
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Issuer symbol: ZBRA
Transactions as of: 10 May 2021
Net transactions value: -$501,465
Form type: 4
Filing time: 12 May 2021, 10:26:10 UTC
Previous filing: 10 May 2021
Next filing: 27 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBRA	Class A Common Stock	Tax liability	$60,505	-125	-2.6%	$484.04	4,736	10 May 2021	Direct
transaction	ZBRA	Class A Common Stock	Tax liability	$440,960	-911	-19%	$484.04	3,825	10 May 2021	Direct
holding	ZBRA	Class A Common Stock						4,861	10 May 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ZBRA	Stock Appreciation Right						755	10 May 2021	Class A Common Stock	755	$98.87	Direct	F1
holding	ZBRA	Stock Appreciation Right						999	10 May 2021	Class A Common Stock	999	$149.57	Direct	F2
holding	ZBRA	Stock Appreciation Right						1,170	10 May 2021	Class A Common Stock	1,170	$205.12	Direct	F3
holding	ZBRA	Stock Appreciation Right						1,448	10 May 2021	Class A Common Stock	1,448	$244.97	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Of the stock appreciation rights subject to this SAR, 754 vest on May 11, 2018, 754 vest on May 11, 2019, 754 vest on May 11, 2020 and 755 vest on May 11, 2021.
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.