Lori Winkler - Mar 10, 2022 Form 4 Insider Report for ZIMMER BIOMET HOLDINGS, INC. (ZBH)

Role: SVP and CHRO
Signature: /s/ Matthew R. St. Louis, Attorney-in-Fact for Lori Winkler (power of attorney previously filed)
Stock symbol: ZBH
Transactions as of: Mar 10, 2022
Transactions value $: -$8,000
Form type: 4
Date filed: 3/11/2022, 03:02 PM
Previous filing: Mar 4, 2022
Next filing: Mar 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBH	Common Stock	Tax liability	-$8K	-65	-21.96%	$123.08	231	Mar 10, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld by Zimmer Biomet Holdings, Inc. (the "Company") to satisfy tax withholding obligations on the vesting of restricted stock units.
F2	Holdings reflect the adjustments that occurred as of March 1, 2022 in connection with the Company's spinoff of ZimVie Inc. On March 4, 2022, the reporting person reported the acquisition of 181 shares upon the vesting of restricted stock units on March 2, 2022, which did not yet reflect certain adjustments made to outstanding equity awards effective March 1, 2022 in connection with the spinoff to preserve the intrinsic value of such awards, because the exchange ratio to be used for such adjustments had not yet been determined. Subsequently, the exchange ratio calculation was completed, and the 181 shares were adjusted to 187 shares, which is now reflected in the reporting person's total holdings.

Content

Represents shares withheld by Zimmer Biomet Holdings, Inc. (the "Company") to satisfy tax withholding obligations on the vesting of restricted stock units.

Holdings reflect the adjustments that occurred as of March 1, 2022 in connection with the Company's spinoff of ZimVie Inc. On March 4, 2022, the reporting person reported the acquisition of 181 shares upon the vesting of restricted stock units on March 2, 2022, which did not yet reflect certain adjustments made to outstanding equity awards effective March 1, 2022 in connection with the spinoff to preserve the intrinsic value of such awards, because the exchange ratio to be used for such adjustments had not yet been determined. Subsequently, the exchange ratio calculation was completed, and the 181 shares were adjusted to 187 shares, which is now reflected in the reporting person's total holdings.