WINTERS NATHAN ANDREW (Acting Chief Financial 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

WINTERS NATHAN ANDREW

Filed: 5/2/2025ACC: 0000877212-25-000069

InsiderWINTERS NATHAN ANDREWCIK 1823124

→

IssuerZEBRA TECHNOLOGIES CORPCIK 877212

Officer· Acting Chief Financial Officer

Since Aug 2020

-429.00

Net shares

Net seller

$24.8K

Total sold

Open market trades

0B · 0S

Total transactions

222.00 acquired · 651.00 disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+222.00

Price / share

$149.57

Trade value

$33.20K

% of position

1.3%

5/1/2025

17.65K→17.87K

Class A Common Stock

Direct

F · Tax Withholding

−99.00

Price / share

$250.64

Trade value

$24.81K

% of position

0.6%

5/1/2025

17.87K→17.77K

Total

Net shares

+123.00

Net value

$8.39K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	5/1/2025	M · Option Exercise	+222.00	$149.57	$33.20K	1.3%	17.65K	17.87K
Class A Common Stock Direct	5/1/2025	F · Tax Withholding	−99.00	$250.64	$24.81K	0.6%	17.87K	17.77K
Total			+123.00		$8.39K

Derivative Transactions1

Stock Appreciation Right

Direct

M · Option Exercise

Converts to

Class A Common Stock

552.00 shares

−552.00

Strike price

149.57

Held after

0.00

Exercisable

—

5/1/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Appreciation Right Direct	Class A Common Stock552.00 shares	5/1/2025	M · Option Exercise	−552.00	149.57	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Direct

Shares owned17.65K

Total

17.65K direct17.65K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	17.65K	Direct
Total	17.65K	17.65K direct

Derivative Holdings (Post-Transaction)2

Stock Appreciation Right

Direct

Underlying security

Class A Common Stock

Underlying shares

315.00

Shares owned

315.00

Exercise price

205.12

Expiration

—

Exercise window

—

Stock Appreciation Right

Direct

Underlying security

Class A Common Stock

Underlying shares

578.00

Shares owned

578.00

Exercise price

244.97

Expiration

—

Exercise window

—

Total

Underlying

893.00

Owned

893.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Right Direct	Class A Common Stock	205.12	—	—	315.00	315.00
Stock Appreciation Right Direct	Class A Common Stock	244.97	—	—	578.00	578.00
Total					893.00	893.00