Nathan Andrew Winters - 03 Feb 2026 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Financial Officer
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Issuer symbol: ZBRA
Transactions as of: 03 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 05 Feb 2026, 16:35:38 UTC
Previous filing: 06 May 2025
Next filing: 05 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Winters Nathan Andrew	Chief Financial Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE	/s/ Cristen Kogl, Attorney-In-Fact	05 Feb 2026	0001823124

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZBRA	Class A Common Stock	Award	$0	+4,073	+26%	$0.000000	19,504	03 Feb 2026	Direct	F1
holding	ZBRA	Class A Common Stock						15,431	03 Feb 2026	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						315	03 Feb 2026	Class A Common Stock	315	$205.12	Direct	F2
holding	ZBRA	Stock Appreciation Right						578	03 Feb 2026	Class A Common Stock	578	$244.97	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Previously unreportable performance-based restricted stock (PVRS) granted on May 4, 2023, with a three-year performance period ended December 31, 2025. The number of shares to result from this PVRS grant was determined on February 3, 2026, and the PVRS will vest on May 4, 2026.
F2	These stock appreciation rights became exercisable in four equal annual installments beginning on May 2, 2020.
F3	These stock appreciation rights became exercisable in four equal annual installments beginning on April 30, 2021.