Bill Burns - Mar 4, 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: Mar 4, 2025
Transactions value $: $4,400,086
Form type: 4
Date filed: 3/6/2025, 05:58 PM
Previous 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	$4.4M	+14.3K	+41.61%	$306.84	48.8K	Mar 4, 2025	Direct
holding	ZBRA	Class A Common Stock						34.5K	Mar 4, 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	Mar 4, 2025	Class A Common Stock	5.46K	$149.57	Direct	F1
holding	ZBRA	Stock Appreciation Right						4.36K	Mar 4, 2025	Class A Common Stock	4.36K	$205.12	Direct	F2
holding	ZBRA	Stock Appreciation Right						3.9K	Mar 4, 2025	Class A Common Stock	3.9K	$244.97	Direct	F3

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.