Joseph Ramsey White - 01 Mar 2025 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Product & Solutions
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Issuer symbol: ZBRA
Transactions as of: 01 Mar 2025
Net transactions value: -$114,678
Form type: 4
Filing time: 04 Mar 2025, 16:09:30 UTC
Previous filing: 07 Feb 2025
Next filing: 06 Mar 2025
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	Tax liability	$114,678	-364	-4.1%	$315.05	8,615	01 Mar 2025	Direct
holding	ZBRA	Class A Common Stock						8,979	01 Mar 2025	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						841	01 Mar 2025	Class A Common Stock	841	$149.57	Direct	F1
holding	ZBRA	Stock Appreciation Right						935	01 Mar 2025	Class A Common Stock	935	$205.12	Direct	F2
holding	ZBRA	Stock Appreciation Right						1,260	01 Mar 2025	Class A Common Stock	1,260	$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, all stock appreciation rights have vested.
F2	Of the stock appreciation rights subject to this SAR, 623 have vested and 312 vest on May 2, 2023.
F3	Of the stock appreciation rights subject to this SAR, 630 have vested and 315 vest on each of April 30, 2023 and 2024.