Michael Cho - May 4, 2023 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Strategy Officer
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Stock symbol: ZBRA
Transactions as of: May 4, 2023
Transactions value $: -$55,034
Form type: 4
Date filed: 5/8/2023, 06:44 PM
Previous filing: May 2, 2023
Next filing: Dec 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBRA	Class A Common Stock	Award	$0	+2.24K	+80.78%	$0.00	5.02K	May 4, 2023	Direct	F1
transaction	ZBRA	Class A Common Stock	Tax liability	-$35K	-128	-2.55%	$273.80	4.89K	May 5, 2023	Direct
transaction	ZBRA	Class A Common Stock	Tax liability	-$20K	-73	-1.49%	$273.80	4.82K	May 6, 2023	Direct
holding	ZBRA	Class A Common Stock						2.78K	May 4, 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						500	May 4, 2023	Class A Common Stock	500	$149.57	Direct	F2
holding	ZBRA	Stock Appreciation Right						780	May 4, 2023	Class A Common Stock	780	$205.12	Direct	F3
holding	ZBRA	Stock Appreciation Right						1.09K	May 4, 2023	Class A Common Stock	1.09K	$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 restricted stock units subject to this award, 748 vest on May 4, 2024, 748 vest on May 4, 2025, and 748 vest on May 4, 2026.
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.