Gustafsson Anders - Feb 9, 2023 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Executive Officer, Director
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Stock symbol: ZBRA
Transactions as of: Feb 9, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/10/2023, 01:53 PM
Previous filing: Dec 16, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBRA	Class A Common Stock	Award	$0	+14.1K	+8.74%	$0.00	176K	Feb 9, 2023	Direct	F1
holding	ZBRA	Class A Common Stock						161K	Feb 9, 2023	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						42.3K	Feb 9, 2023	Class A Common Stock	42.3K	$51.42	Direct	F2
holding	ZBRA	Stock Appreciation Right						33.5K	Feb 9, 2023	Class A Common Stock	33.5K	$98.87	Direct	F3
holding	ZBRA	Stock Appreciation Right						25.2K	Feb 9, 2023	Class A Common Stock	25.2K	$149.57	Direct	F4
holding	ZBRA	Stock Appreciation Right						23.4K	Feb 9, 2023	Class A Common Stock	23.4K	$205.12	Direct	F5
holding	ZBRA	Stock Appreciation Right						20.1K	Feb 9, 2023	Class A Common Stock	20.1K	$244.97	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Previously unreportable performance based restricted stock (PVRS) granted April 30, 2020 with a 3-year performance period ended December 31, 2022. Converted to restricted shares as of February 9, 2023 based on performance certification with April 30, 2023 vesting date.
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, 8,378 vest on May 11, 2018, 8,378 vest on May 11, 2019, 8,379 vest on May 11, 2020 and 8,379 vest on May 11, 2021.
F4	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.
F5	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.
F6	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.