Bill Burns - Feb 6, 2025 Form 4 Insider Report for ZEBRA TECHNOLOGIES CORP (ZBRA)

Role: Chief Executive Officer, Director
Signature: /s/ Cristen Kogl, Attorney-In-Fact
Stock symbol: ZBRA
Transactions as of: Feb 6, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/7/2025, 04:01 PM
Previous filing: Dec 10, 2024
Next filing: Mar 4, 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	Award	$0	+978	+2.79%	$0.00	36K	Feb 6, 2025	Direct	F1
holding	ZBRA	Class A Common Stock						35K	Feb 6, 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						5.46K	Feb 6, 2025	Class A Common Stock	5.46K	$149.57	Direct	F2
holding	ZBRA	Stock Appreciation Right						4.36K	Feb 6, 2025	Class A Common Stock	4.36K	$205.12	Direct	F3
holding	ZBRA	Stock Appreciation Right						3.9K	Feb 6, 2025	Class A Common Stock	3.9K	$244.97	Direct	F4

* 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 5, 2022, with a three-year performance period ended December 31, 2024. The number of shares to result from this PVRS grant was determined on February 6, 2025, and the PVRS will vest on May 5, 2025.
F2	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.
F3	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.
F4	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.