Zebra Technologies (ZBRA) officer receives 787-share performance stock award

Rhea-AI Filing Summary

Zebra Technologies’ Chief Supply Chain Officer Tamara Dionne Froese reported a new equity award. On February 3, 2026, she acquired 787 shares of Zebra Class A common stock at a price of $0, reflecting performance-based restricted stock from a May 4, 2023 PVRS grant. Following this transaction, she directly owned 5,177 Class A shares, which include 63 shares purchased through Zebra’s Employee Stock Purchase Plan in 2025. She also held stock appreciation rights tied to 328 shares of Class A common stock, which became exercisable in four equal annual installments beginning April 30, 2021.

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^*

Froese Tamara Dionne

(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 Supply Chain 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								4,327	D
Class A Common Stock	02/03/2026		A		787(1)	A	$0	5,177(2)	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							(3)	04/30/2027	Class A Common Stock	328		328	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. Includes shares held in Zebra's Employee Stock Purchase Plan. Total reflects the addition of 63 ESPP shares that were purchased in 2025.

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 insider transaction did Zebra Technologies (ZBRA) report for Tamara Dionne Froese?

Zebra Technologies reported that Chief Supply Chain Officer Tamara Dionne Froese acquired 787 shares of Class A common stock on February 3, 2026. The shares came from a performance-based restricted stock (PVRS) grant originally awarded on May 4, 2023, after its performance period ended.

How many Zebra Technologies (ZBRA) shares does Tamara Dionne Froese now own?

After the reported transaction, Tamara Dionne Froese directly owned 5,177 shares of Zebra Class A common stock. This total includes 63 shares purchased through Zebra’s Employee Stock Purchase Plan during 2025, as noted in the filing’s explanatory footnotes.

What is the origin of the 787 Zebra Technologies (ZBRA) shares granted to Tamara Dionne Froese?

The 787 shares resulted from a performance-based restricted stock (PVRS) grant made on May 4, 2023. That grant had a three-year performance period ending December 31, 2025, and the final share amount was determined on February 3, 2026, with vesting scheduled for May 4, 2026.

Did Tamara Dionne Froese pay for the 787 Zebra Technologies (ZBRA) shares she acquired?

According to the Form 4, the 787 Class A common shares were acquired at a price of $0 per share. This indicates they were issued as part of an equity compensation award rather than purchased in the open market for cash consideration.

What stock appreciation rights related to Zebra Technologies (ZBRA) does Tamara Dionne Froese hold?

Tamara Dionne Froese holds stock appreciation rights with an exercise price of $244.97, linked to 328 shares of Zebra Class A common stock. These rights became exercisable in four equal annual installments beginning on April 30, 2021, and remain held directly.

How does the Zebra Technologies (ZBRA) Employee Stock Purchase Plan affect Tamara Dionne Froese’s holdings?

The filing notes that her total of 5,177 Class A shares includes stock held in Zebra’s Employee Stock Purchase Plan. Specifically, the total reflects the addition of 63 ESPP shares that were purchased during 2025, increasing her directly held ownership.