Chad F. Phipps - 21 Feb 2023 Form 4 Insider Report for ZIMMER BIOMET HOLDINGS, INC. (ZBH)

Role: Sr. VP/Gen Counsel/Secretary
Signature: /s/ Matthew R. St. Louis, Attorney-in-Fact for Chad F. Phipps (power of attorney previously filed)
Issuer symbol: ZBH
Transactions as of: 21 Feb 2023
Net transactions value: -$70,098
Form type: 4
Filing time: 23 Feb 2023, 16:53:07 UTC
Previous filing: 15 Dec 2022
Next filing: 08 Mar 2023
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	+2,195	+5.2%	$0.000000	44,233	21 Feb 2023	Direct	F1, F2
transaction	ZBH	Common Stock	Tax liability	$70,098	-562	-1.3%	$124.73	43,671	21 Feb 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	-2,195	-100%	$0.000000^*	0	21 Feb 2023	Common Stock	2,195		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 158 shares acquired under the Employee Stock Purchase Plan and pursuant to dividend reinvestment through January 27, 2023.
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.