Zebra Technologies (ZBRA) CSO awarded 1,575 performance-based shares

Rhea-AI Filing Summary

Zebra Technologies’ Chief Strategy Officer Michael Cho reported an equity award in the company’s Class A common stock. On February 3, 2026, he acquired 1,575 shares at $0 per share, reflecting settlement of a performance-based restricted stock (PVRS) grant originally awarded on May 4, 2023.

The PVRS covered a three-year performance period that ended on December 31, 2025, with the final share amount determined on February 3, 2026. These PVRS are scheduled to vest on May 4, 2026. Following this transaction, Cho directly beneficially owned 6,957 Class A common shares.

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^*

Cho Michael

(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 Strategy 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								5,382	D
Class A Common Stock	02/03/2026		A		1,575(1)	A	$0	6,957	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:

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.

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).
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.

FAQ

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

Zebra Technologies reported that Chief Strategy Officer Michael Cho acquired 1,575 shares of Class A common stock on February 3, 2026, at $0 per share. This reflects settlement of a performance-based restricted stock grant linked to a prior award and multi-year performance period.

How many Zebra Technologies (ZBRA) shares does Michael Cho own after this Form 4?

After the reported transaction, Michael Cho beneficially owned 6,957 shares of Zebra Technologies Class A common stock directly. This total includes the 1,575 performance-based restricted shares credited on February 3, 2026, following completion of the three-year performance measurement period.

What is the source of the 1,575 Zebra Technologies (ZBRA) shares reported for Michael Cho?

The 1,575 shares come from a performance-based restricted stock (PVRS) grant awarded on May 4, 2023. That grant had a three-year performance period ending December 31, 2025, with the final share amount determined on February 3, 2026, then scheduled to vest in May 2026.

When will Michael Cho’s Zebra Technologies (ZBRA) PVRS shares vest?

The performance-based restricted stock (PVRS) shares for Michael Cho are scheduled to vest on May 4, 2026. The three-year performance period ended December 31, 2025, and the resulting 1,575-share amount was fixed on February 3, 2026, before vesting occurs.

What role does Michael Cho hold at Zebra Technologies (ZBRA) in this Form 4?

In this Form 4, Michael Cho is identified as an officer of Zebra Technologies, serving as Chief Strategy Officer. The filing shows he directly holds the reported Class A common stock, with no indication of intermediary entities or indirect ownership structures in the provided data.