Boston Partners (ZBRA) reports 5.45% beneficial stake in Zebra Technologies

Rhea-AI Filing Summary

Boston Partners reports beneficial ownership of common stock of Zebra Technologies Corp. As of 06/30/2026, Boston Partners is deemed to beneficially own 2,595,084 shares of Zebra common stock, representing 5.45% of the class. It has sole voting power over 1,789,167 shares and sole dispositive power over 2,595,084 shares, with no shared voting or dispositive power. The shares are held in discretionary accounts for certain clients, and Boston Partners may be deemed a beneficial owner under Rule 13d-3, while no other person is known to have rights to dividends or sale proceeds relating to more than 5% of the outstanding common stock.

Key Figures

Beneficially owned shares: 2,595,084 shares Percent of class: 5.45 % Sole voting power: 1,789,167 shares +2 more

5 metrics

Beneficially owned shares 2,595,084 shares Zebra Technologies common stock beneficially owned by Boston Partners as of 06/30/2026

Percent of class 5.45 % Portion of Zebra Technologies common stock class attributed to Boston Partners

Sole voting power 1,789,167 shares Shares of Zebra Technologies over which Boston Partners has sole voting power

Sole dispositive power 2,595,084 shares Shares of Zebra Technologies over which Boston Partners has sole dispositive power

CUSIP 989207105 CUSIP number for Zebra Technologies common stock reported in the Schedule 13G

Key Terms

beneficial owner, sole voting power, sole dispositive power, discretionary account, +2 more

6 terms

beneficial owner regulatory

"Boston Partners may be deemed to be a beneficial owner of such Common Stock"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole voting power financial

"Sole Voting Power 1,789,167.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole Dispositive Power 2,595,084.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

discretionary account financial

"held by Boston Partners on 06/30/2026 for the discretionary account of certain clients"

An account in which the account holder gives a broker or advisor authority to buy and sell securities on their behalf without asking for permission for each trade. Like handing someone the keys to your car to run errands, it lets a professional act quickly and make ongoing decisions for you; this matters to investors because it changes who controls trade timing, affects fees and tax reporting, and shifts responsibility for execution and record-keeping.

Schedule 13G regulatory

"This Schedule is being filed with respect to 2,595,084 shares"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Rule 13d-3 regulatory

"By reason of rule 13d-3 under the act Boston Partners may be deemed"

Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.

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

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Available on EDGAR 08/04/2026 - 02:13 PM Accepted by SEC EDGAR 08/04/2026 - 02:12 PM Learn about SEC filing dates

FAQ

What percentage of Zebra Technologies (ZBRA) shares does Boston Partners report owning?

Boston Partners reports beneficial ownership of 5.45% of Zebra Technologies’ common stock. This percentage is based on 2,595,084 shares deemed beneficially owned as described in the Schedule 13G filing.

How many Zebra Technologies (ZBRA) shares does Boston Partners beneficially own?

Boston Partners is deemed to beneficially own 2,595,084 shares of Zebra Technologies common stock. These shares are held in discretionary accounts for certain clients as of 06/30/2026.

What voting power does Boston Partners have over Zebra Technologies (ZBRA) shares?

Boston Partners has sole voting power over 1,789,167 shares of Zebra Technologies common stock and no shared voting power, according to the Schedule 13G ownership disclosure.

What dispositive power does Boston Partners report over Zebra Technologies (ZBRA) stock?

Boston Partners reports sole dispositive power over 2,595,084 shares of Zebra Technologies common stock and no shared dispositive power, meaning it alone can direct how those shares are disposed of.

Are Boston Partners’ Zebra Technologies (ZBRA) shares held for its own account?

The 2,595,084 shares are held by Boston Partners for the discretionary accounts of certain clients. Boston Partners may be deemed a beneficial owner under Rule 13d-3 but holds them on behalf of those clients.

Does any other person have rights to more than 5% of Zebra Technologies (ZBRA) through Boston Partners’ holdings?

To Boston Partners’ knowledge, no person has the right to receive dividends or sale proceeds from the reported Zebra shares representing more than 5% of the outstanding common stock.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ZEBRA TECHNOLOGIES CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

989207105

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 989207105

1

Names of Reporting Persons

Boston Partners

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,789,167.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,595,084.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,595,084.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.45 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ZEBRA TECHNOLOGIES CORP
(b)	Address of issuer's principal executive offices: 3 OVERLOOK POINT, LINCOLNSHIRE, ILLINOIS 60069
Item 2.
(a)	Name of person filing: Boston Partners
(b)	Address or principal business office or, if none, residence: ONE BEACON STREET 30TH FLOOR BOSTON, Massachusetts 02108
(c)	Citizenship: Boston Partners - DELAWARE
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 989207105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,595,084
(b)	Percent of class: 5.45 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Boston Partners - 1,789,167
	(ii) Shared power to vote or to direct the vote: Boston Partners - 0
	(iii) Sole power to dispose or to direct the disposition of: Boston Partners - 2,595,084
	(iv) Shared power to dispose or to direct the disposition of: Boston Partners - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. This Schedule is being filed with respect to 2,595,084 shares of ZEBRA TECHNOLOGIES CORP (the Common Stock) held by Boston Partners on 06/30/2026 for the discretionary account of certain clients. By reason of rule 13d-3 under the act Boston Partners may be deemed to be a beneficial owner of such Common Stock. To the knowledge of Boston Partners no person has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such Common Stock which represents more than 5% of the outstanding shares of the Common Stock referred to in item 4(b) hereof.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Boston Partners

Signature:	/s/ Ali Farooqi
Name/Title:	Ali Farooqi / Senior Compliance Manager
Date:	08/04/2026