Zebra Technologies (ZBRA) executive uses 109 shares to cover tax liability

Rhea-AI Filing Summary

Zebra Technologies' Chief Supply Chain Officer reports tax-related share disposition. Tamara Dionne Froese reported a tax-withholding disposition of 109 shares of Class A Common Stock at $231.32 per share, used to cover tax liability rather than an open-market sale. After this transaction, she directly owned 5,068 Class A shares. The filing also shows holdings of stock appreciation rights, with 328 underlying shares outstanding, which became exercisable in four equal annual installments beginning on 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)
02/23/2026

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								5,177	D
Class A Common Stock	02/23/2026		F		109	D	$231.32	5,068	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	328		328	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	02/25/2026
	** 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 Froese?

Zebra Technologies reported that Chief Supply Chain Officer Tamara Dionne Froese disposed of 109 shares of Class A Common Stock. The shares were withheld to satisfy tax liabilities, not sold in an open-market transaction, and were reported as a Form 4 tax-withholding disposition.

At what price were the 109 Zebra Technologies (ZBRA) shares used for tax withholding?

The 109 shares of Zebra Technologies Class A Common Stock were valued at $231.32 per share for the tax-withholding disposition. This value is used for reporting purposes on the Form 4 and reflects the per-share price applied to cover the insider’s tax liability.

How many Zebra Technologies (ZBRA) shares does Tamara Froese own after this Form 4 filing?

After the reported tax-withholding disposition, Tamara Dionne Froese directly owns 5,068 shares of Zebra Technologies Class A Common Stock. This post-transaction ownership figure is disclosed in the Form 4 and reflects her remaining direct equity stake following the withholding event.

What does the Form 4 tax-withholding disposition mean for Zebra Technologies (ZBRA) investors?

The Form 4 shows a tax-withholding disposition, where 109 shares were used to cover Tamara Froese’s tax liability. This type of transaction is typically administrative, reflecting compensation-related withholding, rather than an open-market buy or sell decision by the executive.

What stock appreciation rights are disclosed for Tamara Froese at Zebra Technologies (ZBRA)?

The filing discloses stock appreciation rights corresponding to 328 shares, held directly by Tamara Froese. A footnote explains these rights became exercisable in four equal annual installments beginning on April 30, 2021, clarifying the vesting schedule for this equity-based compensation award.

Is the Zebra Technologies (ZBRA) insider transaction an open-market sale of shares?

No, the reported transaction is a tax-withholding disposition coded as “F,” meaning shares were delivered to satisfy tax obligations. It is not characterized as an open-market sale, but rather an administrative step related to equity compensation and associated tax liabilities.