Suketu Upadhyay - Feb 21, 2023 Form 4 Insider Report for ZIMMER BIOMET HOLDINGS, INC. (ZBH)

Role: Exec. VP, CFO
Signature: /s/ Matthew R. St. Louis, Attorney-in-Fact for Suketu Upadhyay (power of attorney previously filed)
Stock symbol: ZBH
Transactions as of: Feb 21, 2023
Transactions value $: -$144,063
Form type: 4
Date filed: 2/23/2023, 04:50 PM
Previous filing: Jan 18, 2023
Next filing: Mar 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBH	Common Stock	Options Exercise	$0	+3.86K	+47.15%	$0.00	12K	Feb 21, 2023	Direct	F1, F2
transaction	ZBH	Common Stock	Tax liability	-$144K	-1.16K	-9.59%	$124.73	10.9K	Feb 21, 2023	Direct	F3

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
transaction	ZBH	Restricted Stock Units	Options Exercise	$0	-3.86K	-100%	$0.00^*	0	Feb 21, 2023	Common Stock	3.86K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	This number of restricted stock units ("RSUs") reflects the adjustments that occurred as of March 1, 2022 in connection with Zimmer Biomet Holdings, Inc.'s (the "Company") spinoff of Zimvie Inc. In connection with the spinoff, each RSU was adjusted to preserve the intrinsic value of such award by multiplying it by an equity exchange ratio, rounded up to the nearest whole unit, which adjustments were made following the initial reporting of these RSUs.
F2	Includes 206 shares acquired under the Company's Employee Stock Purchase Plan on June 30, 2022 and December 30, 2022.
F3	Represents shares withheld by the Company to satisfy tax withholding obligations on the vesting of RSUs.
F4	Each RSU represents a contingent right to receive one share of Company common stock.