Lori Winkler - 01 Apr 2024 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)
Issuer symbol: ZBH
Transactions as of: 01 Apr 2024
Net transactions value: -$28,090
Form type: 4
Filing time: 03 Apr 2024, 16:35:33 UTC
Previous filing: 08 Mar 2024
Next filing: 19 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBH	Common Stock	Options Exercise	$0	+772	+28%	$0.000000	3,551	01 Apr 2024	Direct	F1
transaction	ZBH	Common Stock	Tax liability	$28,090	-215	-6.1%	$130.65	3,336	01 Apr 2024	Direct	F2

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	-772	-100%	$0.000000^*	0	01 Apr 2024	Common Stock	772		Direct	F1, F3

* 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	Represents shares withheld by the Company to satisfy tax withholding obligations on the vesting of RSUs.
F3	Each RSU represents a contingent right to receive one share of Company common stock.