Michael Cho - 02 Dec 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: 02 Dec 2021
Net transactions value: -$471,584
Form type: 4
Filing time: 06 Dec 2021, 10:17:13 UTC
Previous filing: 09 Aug 2021
Next filing: 07 Feb 2022
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	Sale	$471,584	-802	-32%	$588.01	1,700	02 Dec 2021	Direct
holding	ZBRA	Class A Common Stock						2,502	02 Dec 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						500	02 Dec 2021	Class A Common Stock	500	$149.57	Direct	F1
holding	ZBRA	Stock Appreciation Right						780	02 Dec 2021	Class A Common Stock	780	$205.12	Direct	F2
holding	ZBRA	Stock Appreciation Right						1,086	02 Dec 2021	Class A Common Stock	1,086	$244.97	Direct	F3

* 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, 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.