Zebra Technologies (ZBRA) officer reports 543-share stock award

Rhea-AI Filing Summary

Zebra Technologies Chief Accounting Officer Colleen M. O'Sullivan reported an equity compensation award and updated holdings. On February 3, 2026, she acquired 543 shares of Class A common stock at $0, determined from a performance-based restricted stock grant made on May 4, 2023 for a three-year performance period ending December 31, 2025. Following this award, she directly holds 6,950 Class A shares. She also reports directly held stock appreciation rights covering 816 shares at an exercise price of $205.12 expiring May 2, 2026, and 658 shares at $244.97 expiring April 30, 2027.

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

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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^*

O'Sullivan Colleen M

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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								6,407	D
Class A Common Stock	02/03/2026		A		543(1)	A	$0	6,950	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							(2)	05/02/2026	Class A Common Stock	816		816	D
Stock Appreciation Right	$244.97							(3)	04/30/2027	Class A Common Stock	658		658	D

Explanation of Responses:

1. Previously unreportable performance-based restricted stock (PVRS) granted on May 4, 2023, with a three-year performance period ended December 31, 2025. The number of shares to result from this PVRS grant was determined on February 3, 2026, and the PVRS will vest on May 4, 2026.

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

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

Remarks:

	/s/ Cristen Kogl, Attorney-In-Fact	02/05/2026
	** 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 did Zebra Technologies (ZBRA) disclose in this Form 4 filing?

The filing shows Zebra Technologies’ Chief Accounting Officer Colleen M. O'Sullivan received 543 Class A shares at $0 from a performance-based award. Her direct holdings rose to 6,950 shares, and she also reports stock appreciation rights over 816 and 658 shares.

How many Zebra Technologies (ZBRA) shares does the officer own after this transaction?

After the reported transaction, Colleen M. O'Sullivan directly owns 6,950 Class A common shares. This reflects the addition of 543 performance-based shares determined on February 3, 2026, from a May 4, 2023 restricted stock grant.

What type of equity award generated the 543 Zebra Technologies (ZBRA) shares?

The 543 shares came from performance-based restricted stock (PVRS) granted on May 4, 2023. The three-year performance period ended December 31, 2025, the final share number was set February 3, 2026, and the PVRS will vest on May 4, 2026.

Did the Zebra Technologies (ZBRA) officer pay for the 543 acquired shares?

No cash was paid for the 543 acquired shares; they were reported at a price of $0 per share. This reflects a stock-based compensation award rather than an open-market purchase or sale transaction.

What stock appreciation rights does the Zebra Technologies (ZBRA) officer hold?

Colleen M. O'Sullivan holds stock appreciation rights over 816 shares at an exercise price of $205.12 expiring May 2, 2026, and 658 shares at $244.97 expiring April 30, 2027. Both were previously exercisable in four equal annual installments.

Are there any sales of Zebra Technologies (ZBRA) shares reported in this Form 4?

No sales are reported. The filing only shows an acquisition of 543 Class A shares at $0 from a performance-based award and updates the officer’s direct stock and stock appreciation right holdings accordingly.