BURNS BILL (Chief Executive Officer) exercised options at ZEBRA TECHNOLOGIES CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

BURNS BILL

Filed: 5/9/2025ACC: 0000877212-25-000095

InsiderBURNS BILLCIK 1644617

→

IssuerZEBRA TECHNOLOGIES CORPCIK 877212

DirectorOfficer· Chief Executive Officer

Since Mar 2026

-4.35K

Net shares

Net seller

$300.0K

Total sold

Open market trades

0B · 0S

Total transactions

2.28K acquired · 6.63K disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+2.28K

Price / share

$149.57

Trade value

$341.62K

% of position

5.0%

5/7/2025

45.80K→48.08K

Class A Common Stock

Direct

F · Tax Withholding

−1.17K

Price / share

$257.10

Trade value

$300.04K

% of position

2.4%

5/7/2025

48.08K→46.91K

Total

Net shares

+1.12K

Net value

$41.58K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	5/7/2025	M · Option Exercise	+2.28K	$149.57	$341.62K	5.0%	45.80K	48.08K
Class A Common Stock Direct	5/7/2025	F · Tax Withholding	−1.17K	$257.10	$300.04K	2.4%	48.08K	46.91K
Total			+1.12K		$41.58K

Derivative Transactions1

Stock Appreciation Right

Direct

M · Option Exercise

Converts to

Class A Common Stock

5.46K shares

−5.46K

Strike price

149.57

Held after

0.00

Exercisable

—

5/7/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Appreciation Right Direct	Class A Common Stock5.46K shares	5/7/2025	M · Option Exercise	−5.46K	149.57	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Direct

Shares owned45.80K

Total

45.80K direct45.80K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	45.80K	Direct
Total	45.80K	45.80K direct

Derivative Holdings (Post-Transaction)2

Stock Appreciation Right

Direct

Underlying security

Class A Common Stock

Underlying shares

3.90K

Shares owned

3.90K

Exercise price

244.97

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Class A Common Stock

Underlying shares

4.36K

Shares owned

4.36K

Exercise price

205.12

Expiration

—

Exercise window

—

Total

Underlying

8.27K

Owned

8.27K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Right Direct	Class A Common Stock	244.97	—	—	3.90K	3.90K
Stock Appreciation Right Direct	Class A Common Stock	205.12	—	—	4.36K	4.36K
Total					8.27K	8.27K