Zebra (ZBRA) legal chief gets 4,645-share award, sells 145 shares

Rhea-AI Filing Summary

Zebra Technologies’ Chief Legal Officer Cristen L. Kogl reported multiple equity transactions in company stock. On March 3, she received a 4,645-share Class A common stock award and held 2,454 stock appreciation rights plus 19,480 shares afterward.

On March 5, she exercised 2,260 stock appreciation rights, acquiring 287 Class A shares at $205.12. That day also included tax-withholding dispositions of 142 and 438 shares and an open-market sale of 145 shares at $235.71, leaving her with 23,832 directly owned shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kogl Cristen L

(Last) (First) (Middle)

C/O ZEBRA TECHNOLOGIES CORPORATION

3 OVERLOOK POINT

(Street)

LINCOLNSHIRE IL 60069

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ZEBRA TECHNOLOGIES CORP [ ZBRA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								19,480	D
Class A Common Stock	03/03/2026		A		4,645	A	$0	24,125	D
Class A Common Stock	03/04/2026		F		438	D	$231.42	23,687	D
Class A Common Stock	03/05/2026		M		287	A	$205.12	23,974	D
Class A Common Stock	03/05/2026		F		142	D	$235	23,832	D
Class A Common Stock	03/05/2026		S		145	D	$235.71	23,687	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$205.12	03/05/2026		M			2,260	(1)	05/02/2026	Class A Common Stock	2,260	$0	0	D
Stock Appreciation Right	$244.97							(2)	04/30/2027	Class A Common Stock	2,454		2,454	D

Explanation of Responses:

1. These stock appreciation rights became exercisable in four equal annual installments beginning on May 2, 2020.

2. These stock appreciation rights became exercisable in four equal annual installments beginning on April 30, 2021.

Remarks:

	/s/ Derek Spychalski, Attorney-In-Fact	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did Zebra Technologies (ZBRA) report for Cristen L. Kogl?

Zebra Technologies reported that Chief Legal Officer Cristen L. Kogl received a 4,645-share stock award, exercised 2,260 stock appreciation rights into 287 shares, had tax-withholding share dispositions, and completed a 145-share open-market sale, all over early March, leaving her with 23,832 directly owned shares.

How many Zebra (ZBRA) shares did Cristen L. Kogl sell in the latest Form 4?

Cristen L. Kogl sold 145 shares of Zebra Class A common stock in an open-market transaction at $235.71 per share. Additional share disposals totaling 580 shares were made for tax withholding, which are reported separately from the open-market sale but reduce her share count.

What new Zebra Technologies (ZBRA) equity awards did Cristen L. Kogl receive?

Cristen L. Kogl received a grant of 4,645 shares of Zebra Class A common stock at no cost on March 3. This award increased her direct holdings and was reported as a grant or other acquisition transaction, reflecting equity-based compensation from the company.

How did stock appreciation rights affect Cristen L. Kogl’s Zebra (ZBRA) holdings?

Stock appreciation rights led Cristen L. Kogl to exercise 2,260 rights on March 5, converting into 287 Zebra Class A shares at $205.12 per share. The stock appreciation right position then went to zero, while her directly owned common shares increased before subsequent dispositions.

What is Cristen L. Kogl’s Zebra (ZBRA) share ownership after these transactions?

After the reported March transactions, including grants, exercises, tax-withholding dispositions, and a small open-market sale, Cristen L. Kogl directly owned 23,832 shares of Zebra Class A common stock. All reported positions are classified as directly held, with no indirect ownership noted.

Were any of Cristen L. Kogl’s Zebra (ZBRA) share disposals related to taxes?

Yes. The Form 4 shows two transactions coded F, disposing of 438 shares at $231.42 and 142 shares at $235.00. These F-coded events represent shares withheld or delivered to cover exercise price or tax liabilities, rather than discretionary open-market selling.