Zebra’s Michael Cho reports tax withholding in shares

Zebra Technologies Chief Strategy Officer Michael Cho reported routine share dispositions tied to tax obligations, not open-market trading.

Rhea-AI Filing Summary

Zebra Technologies Chief Strategy Officer Michael Cho reported routine share dispositions tied to tax obligations, not open-market trading. On May 4, 2026, he had 779 shares of Class A Common Stock withheld at $223.73 per share to satisfy taxes.

On May 2, 2026, an additional 162 shares were withheld at $227.08 per share for the same purpose. After these tax-withholding dispositions, Cho directly holds 8,695 shares of Zebra Technologies Class A Common Stock.

Insider Trade Summary

Exercise Price or Tax Liability: 941 shares

Exercise Price or Tax Liability 3 txns

Insider Cho Michael

Role Chief Strategy Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	779	$223.73	$174K
Exercise Price or Tax Liability	Class A Common Stock	162	$227.08	$37K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 18,331 shares (Direct)

Key Figures

Tax-withheld shares on May 4, 2026: 779 shares at $223.73 Tax-withheld shares on May 2, 2026: 162 shares at $227.08 Total tax-withholding shares: 941 shares +1 more

4 metrics

Tax-withheld shares on May 4, 2026 779 shares at $223.73 Class A Common Stock withheld to satisfy tax liability

Tax-withheld shares on May 2, 2026 162 shares at $227.08 Class A Common Stock withheld to satisfy tax liability

Total tax-withholding shares 941 shares Aggregate shares used for tax-withholding dispositions

Shares held after transactions 8,695 shares Direct holdings of Class A Common Stock following Form 4 events

Key Terms

tax-withholding disposition, non-derivative, transaction_code "F"

3 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

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.

non-derivative financial

"transaction_type: "non-derivative" for Class A Common Stock"

transaction_code "F" financial

"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Zebra Technologies (ZBRA) report for Michael Cho?

Zebra Technologies (ZBRA) reported that Chief Strategy Officer Michael Cho had shares withheld as a tax-withholding disposition. A total of 941 shares of Class A Common Stock were used to cover tax liabilities, rather than being sold in the open market.

How many Zebra Technologies (ZBRA) shares were withheld for Michael Cho’s taxes?

A total of 941 shares of Zebra Technologies (ZBRA) Class A Common Stock were withheld for taxes. This included 779 shares at $223.73 per share and 162 shares at $227.08 per share, according to the Form 4 filing.

Did Michael Cho sell Zebra Technologies (ZBRA) shares in the open market?

The Form 4 for Zebra Technologies (ZBRA) shows tax-withholding dispositions, not open-market sales. Shares were delivered to cover tax liabilities associated with equity compensation, so no open-market buy or sell transactions are reported in this filing.

How many Zebra Technologies (ZBRA) shares does Michael Cho hold after the Form 4 transactions?

After the reported tax-withholding transactions, Michael Cho directly holds 8,695 shares of Zebra Technologies (ZBRA) Class A Common Stock. This figure reflects his position following the 941 shares used to satisfy tax obligations on equity awards.

What is the transaction code ‘F’ in Michael Cho’s Zebra Technologies (ZBRA) Form 4?

In the Zebra Technologies (ZBRA) Form 4, transaction code “F” denotes a tax-withholding disposition. This means shares were delivered to pay an exercise price or tax liability connected to equity compensation, rather than being sold as a discretionary market trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/05/2026 - 06:42 PM Learn about SEC filing dates

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^*

Cho Michael

(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 Strategy 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								9,636	D
Class A Common Stock	05/02/2026		F		162	D	$227.08	9,474	D
Class A Common Stock	05/04/2026		F		779	D	$223.73	8,695	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

Explanation of Responses:

Remarks:

	/s/ Cristen Kogl, 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)