Zebra Technologies (NASDAQ: ZBRA) CLO logs 1,892-share tax-withholding transactions

Rhea-AI Filing Summary

Zebra Technologies Chief Legal Officer Cristen L. Kogl reported routine share dispositions to cover tax obligations. On Class A Common Stock, 1,501 shares were disposed on May 4, 2026 at $223.73 per share and 391 shares on May 2, 2026 at $227.08 per share, both coded as tax-withholding transactions.

After these transactions, Kogl directly held 21,795 Class A Common shares. The filing also shows outstanding stock appreciation rights over 2,454 underlying Class A shares at an exercise price of $244.97, expiring on April 30, 2027. A footnote explains these rights became exercisable in four equal annual installments beginning on April 30, 2021.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Kogl Cristen L

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	1,501	$223.73	$336K
Tax Withholding	Class A Common Stock	391	$227.08	$89K
holding	Stock Appreciation Right	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 21,795 shares (Direct, null); Stock Appreciation Right — 2,454 shares (Direct, null)

Footnotes (1)

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Key Figures

Tax-withholding on May 4, 2026: 1,501 shares at $223.73 Tax-withholding on May 2, 2026: 391 shares at $227.08 Total shares used for tax withholding: 1,892 shares +4 more

7 metrics

Tax-withholding on May 4, 2026 1,501 shares at $223.73 Class A Common Stock disposed to cover tax liability

Tax-withholding on May 2, 2026 391 shares at $227.08 Class A Common Stock disposed to cover tax liability

Total shares used for tax withholding 1,892 shares Sum of F-coded tax-withholding dispositions in this filing

Shares held after transactions 21,795 shares Direct holdings of Class A Common Stock post-disposition

Stock appreciation right exercise price $244.97 per share Exercise price on SARs over Class A Common Stock

Underlying shares for SARs 2,454 shares Class A Common Stock underlying outstanding stock appreciation rights

SARs expiration date April 30, 2027 Expiration of stock appreciation rights vesting from April 30, 2021

Key Terms

tax-withholding disposition, Stock Appreciation Right, exercise price, underlying Class A shares, +1 more

5 terms

tax-withholding disposition financial

"both coded as tax-withholding transactions"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Stock Appreciation Right financial

"The filing also shows outstanding stock appreciation rights over 2,454 underlying Class A shares"

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

exercise price financial

"at an exercise price of $244.97, expiring on April 30, 2027"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

underlying Class A shares financial

"outstanding stock appreciation rights over 2,454 underlying Class A shares"

annual installments financial

"became exercisable in four equal annual installments beginning on April 30, 2021"

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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 ILLINOIS 60069

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/02/2026

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

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

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

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								23,687	D
Class A Common Stock	05/02/2026		F		391	D	$227.08	23,296	D
Class A Common Stock	05/04/2026		F		1,501	D	$223.73	21,795	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	$244.97							(1)	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 April 30, 2021.

Remarks:

	/s/ Derek Spychalski, Attorney-In-Fact	05/05/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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

Zebra Technologies reported that Chief Legal Officer Cristen L. Kogl disposed shares through tax-withholding transactions, not open-market sales. Two Form 4 entries show shares delivered back to the company to satisfy tax obligations tied to equity compensation, while maintaining a substantial remaining share position.

How many Zebra Technologies shares were used for tax withholding in this Form 4?

The Form 4 shows a total of 1,892 Class A Common shares delivered for tax withholding. This includes 1,501 shares at $223.73 per share on May 4, 2026 and 391 shares at $227.08 per share on May 2, 2026, both coded as tax-liability payments.

How many Zebra Technologies (ZBRA) shares does Cristen L. Kogl hold after these transactions?

Following the reported tax-withholding dispositions, Cristen L. Kogl directly held 21,795 shares of Zebra Technologies Class A Common Stock. This post-transaction balance is disclosed in the Form 4 and reflects her remaining equity position after the non-market tax-related share deliveries.

What equity awards related to Zebra Technologies stock does Cristen L. Kogl still have?

The filing shows outstanding stock appreciation rights tied to 2,454 underlying Class A shares with an exercise price of $244.97 per share. These rights expire on April 30, 2027 and became exercisable in four equal annual installments starting April 30, 2021.

Were the Zebra Technologies insider transactions open-market sales or tax-related?

The reported transactions were tax-related dispositions, not open-market sales. Both are coded “F” on the Form 4, described as payment of exercise price or tax liability by delivering securities, indicating mechanistic withholding rather than discretionary selling into the market.