Michael Cho - 04 May 2023 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: 04 May 2023
Net transactions value: -$55,034
Form type: 4
Filing time: 08 May 2023, 18:44:53 UTC
Previous filing: 02 May 2023
Next filing: 19 Dec 2023
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	Award	$0	+2,244	+81%	$0.000000	5,022	04 May 2023	Direct	F1
transaction	ZBRA	Class A Common Stock	Tax liability	$35,046	-128	-2.5%	$273.80	4,894	05 May 2023	Direct
transaction	ZBRA	Class A Common Stock	Tax liability	$19,987	-73	-1.5%	$273.80	4,821	06 May 2023	Direct
holding	ZBRA	Class A Common Stock						2,778	04 May 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	04 May 2023	Class A Common Stock	500	$149.57	Direct	F2
holding	ZBRA	Stock Appreciation Right						780	04 May 2023	Class A Common Stock	780	$205.12	Direct	F3
holding	ZBRA	Stock Appreciation Right						1,086	04 May 2023	Class A Common Stock	1,086	$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.