Bill Burns - Apr 30, 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: Apr 30, 2023
Transactions value $: -$526,231
Form type: 4
Date filed: 5/2/2023, 04:33 PM
Previous filing: Mar 3, 2023
Next filing: May 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBRA	Class A Common Stock	Tax liability	-$526K	-1.83K	-8.12%	$288.03	20.7K	Apr 30, 2023	Direct
holding	ZBRA	Class A Common Stock						22.5K	Apr 30, 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						7.71K	Apr 30, 2023	Class A Common Stock	7.71K	$98.87	Direct	F1
holding	ZBRA	Stock Appreciation Right						5.46K	Apr 30, 2023	Class A Common Stock	5.46K	$149.57	Direct	F2
holding	ZBRA	Stock Appreciation Right						4.36K	Apr 30, 2023	Class A Common Stock	4.36K	$205.12	Direct	F3
holding	ZBRA	Stock Appreciation Right						3.9K	Apr 30, 2023	Class A Common Stock	3.9K	$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, 1,927 vest on May 11, 2018, 1,927 vest on May 11, 2019, 1,927 vest on May 11, 2020 and 1,928 vest on May 11, 2021.
F2	Of the stock appreciation rights subject to this SAR, 1,365 vest on May 10, 2019, 1,366 vest on May 10, 2020, 1,366 vest on May 10, 2021 and 1,366 vest on May 10, 2022.
F3	Of the stock appreciation rights subject to this SAR, 1,091 vest on May 2, 2020, 1,091 vest on May 2, 2021, 1,091 vest on May 2, 2022 and 1,091 vest on May 2, 2023.
F4	Of the stock appreciation rights subject to this SAR, 975 vest on April 30, 2021, 975 vest on April 30, 2022, 975 vest on April 30, 2023 and 976 vest on April 30, 2024.