Bill Burns - 01 Mar 2025 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Executive Officer, Director
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Issuer symbol: ZBRA
Transactions as of: 01 Mar 2025
Net transactions value: -$487,697
Form type: 4
Filing time: 04 Mar 2025, 16:11:05 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	$487,697	-1,548	-4.3%	$315.05	34,467	01 Mar 2025	Direct
holding	ZBRA	Class A Common Stock						36,015	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						5,463	01 Mar 2025	Class A Common Stock	5,463	$149.57	Direct	F1
holding	ZBRA	Stock Appreciation Right						4,364	01 Mar 2025	Class A Common Stock	4,364	$205.12	Direct	F2
holding	ZBRA	Stock Appreciation Right						3,901	01 Mar 2025	Class A Common Stock	3,901	$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, 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.
F2	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.
F3	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.