Anders Gustafsson of Zebra (NASDAQ: ZBRA) awarded 951 Class A shares

Rhea-AI Filing Summary

Zebra Technologies director Anders Gustafsson received a grant of 951 shares of Class A Common Stock on May 19, 2026, recorded as a compensation-related award rather than a market purchase. Following this grant, his direct holdings increased to 228,443 shares of Class A Common Stock.

He also holds stock appreciation rights tied to 20,134 underlying Class A shares with an exercise price of $244.97 per share that expire on April 30, 2027. According to the footnote, these rights became exercisable in four equal annual installments beginning on April 30, 2021.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider GUSTAFSSON ANDERS

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	951	$247.15	$235K
holding	Stock Appreciation Right	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 228,443 shares (Direct, null); Stock Appreciation Right — 20,134 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock grant: 951 shares Grant reference price: $247.15/share Direct holdings after grant: 228,443 shares +3 more

6 metrics

Stock grant 951 shares Class A Common Stock grant on May 19, 2026

Grant reference price $247.15/share Price per share used for the 951-share award

Direct holdings after grant 228,443 shares Class A Common Stock directly held after the transaction

Stock appreciation rights underlying shares 20,134 shares Underlying Class A Common Stock for SAR position

SAR exercise price $244.97/share Exercise price for stock appreciation rights

SAR expiration April 30, 2027 Expiration date of stock appreciation rights

Key Terms

Stock Appreciation Right, Class A Common Stock, Grant, award, or other acquisition

3 terms

Stock Appreciation Right financial

"These stock appreciation rights became exercisable in four equal annual installments"

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.

Class A Common Stock financial

"received a grant of 951 shares of Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Grant, award, or other acquisition financial

"transaction is coded as a grant, award, or other acquisition"

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^*

GUSTAFSSON ANDERS

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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								227,492	D
Class A Common Stock	05/19/2026		A		951	A	$247.15	228,443	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	20,134		20,134	D

Explanation of Responses:

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

Remarks:

	/s/ Cristen Kogl, Attorney-In-Fact	05/21/2026
	** 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 transaction did Anders Gustafsson report at Zebra Technologies (ZBRA)?

Anders Gustafsson reported receiving 951 shares of Zebra Class A Common Stock as a grant. The award was recorded on May 19, 2026 and classified as a compensation-related acquisition, not an open-market purchase or sale.

How many Zebra Technologies (ZBRA) shares does Anders Gustafsson hold after this Form 4?

After the reported grant, Anders Gustafsson directly holds 228,443 shares of Zebra Class A Common Stock. This total includes the additional 951 shares awarded on May 19, 2026 as shown in the Form 4 filing.

What are the terms of Anders Gustafsson’s stock appreciation rights at Zebra (ZBRA)?

Gustafsson holds stock appreciation rights linked to 20,134 Zebra Class A shares at a $244.97 exercise price. These rights expire on April 30, 2027 and became exercisable in four equal annual installments starting April 30, 2021.

Was the Zebra (ZBRA) Form 4 filing for Anders Gustafsson a stock sale?

No, the Form 4 reports a grant of 951 Zebra Class A shares, not a sale. The transaction is coded as a grant, award, or other acquisition, indicating compensation rather than an open-market disposition.

Does Anders Gustafsson’s Form 4 show any new option exercises at Zebra Technologies (ZBRA)?

The Form 4 does not report new option or stock appreciation right exercises. It lists existing stock appreciation rights covering 20,134 underlying shares, with prior vesting and an April 30, 2027 expiration date.