GUSTAFSSON ANDERS (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 · 2 exercises

GUSTAFSSON ANDERS

Filed: 4/9/2026ACC: 0001628280-26-024460

InsiderGUSTAFSSON ANDERSCIK 1129136

→

IssuerZEBRA TECHNOLOGIES CORPCIK 877212

DirectorOfficer· Chief Executive Officer

Since Aug 2018

-46.67K

Net shares

Net seller

$2.96M

Total sold

Open market trades

0B · 0S

Total transactions

32.86K acquired · 79.53K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+32.06K

Price / share

$51.42

Trade value

$1.65M

% of position

15.4%

4/7/2026

208.53K→240.59K

Class A Common Stock

Direct

F · Tax Withholding

−13.62K

Price / share

$213.06

Trade value

$2.90M

% of position

5.7%

4/7/2026

240.59K→226.97K

Class A Common Stock

Direct

M · Option Exercise

+805.00

Price / share

$205.12

Trade value

$165.12K

% of position

0.4%

4/7/2026

226.97K→227.77K

Class A Common Stock

Direct

F · Tax Withholding

−279.00

Price / share

$212.44

Trade value

$59.27K

% of position

0.1%

4/7/2026

227.77K→227.49K

Total

Net shares

+18.96K

Net value

-$1.15M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	4/7/2026	M · Option Exercise	+32.06K	$51.42	$1.65M	15.4%	208.53K	240.59K
Class A Common Stock Direct	4/7/2026	F · Tax Withholding	−13.62K	$213.06	$2.90M	5.7%	240.59K	226.97K
Class A Common Stock Direct	4/7/2026	M · Option Exercise	+805.00	$205.12	$165.12K	0.4%	226.97K	227.77K
Class A Common Stock Direct	4/7/2026	F · Tax Withholding	−279.00	$212.44	$59.27K	0.1%	227.77K	227.49K
Total			+18.96K		-$1.15M

Derivative Transactions2

Stock Appreciation Right

Direct

M · Option Exercise

Converts to

Class A Common Stock

42.26K shares

−42.26K

Strike price

51.42

Held after

0.00

Exercisable

—

4/7/2026

Stock Appreciation Right

Direct

M · Option Exercise

Converts to

Class A Common Stock

23.38K shares

−23.38K

Strike price

205.12

Held after

0.00

Exercisable

—

4/7/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Appreciation Right Direct	Class A Common Stock42.26K shares	4/7/2026	M · Option Exercise	−42.26K	51.42	—	0.00
Stock Appreciation Right Direct	Class A Common Stock23.38K shares	4/7/2026	M · Option Exercise	−23.38K	205.12	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Direct

Shares owned208.53K

Total

208.53K direct208.53K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	208.53K	Direct
Total	208.53K	208.53K direct

Derivative Holdings (Post-Transaction)1

Stock Appreciation Right

Direct

Underlying security

Class A Common Stock

Underlying shares

20.13K

Shares owned

20.13K

Exercise price

244.97

Expiration

—

Exercise window

—

Total

Underlying

20.13K

Owned

20.13K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Right Direct	Class A Common Stock	244.97	—	—	20.13K	20.13K
Total					20.13K	20.13K