Cho Michael 4

What Happened Michael Cho, Chief Strategy Officer of Zebra Technologies (ZBRA), was credited with 1,575 shares as an award (code A) on Feb 3, 2026. The Form 4 reports an acquisition price of $0.00 (total reported value $0), reflecting a grant of previously unreportable performance-based restricted stock (PVRS) originally granted May 4, 2023. The PVRS performance period ended Dec 31, 2025; the final number of shares was determined on Feb 3, 2026 and the shares will vest on May 4, 2026. This is a grant/award (not an open-market purchase or sale).

Key Details

• Transaction date and price: Feb 3, 2026 — 1,575 shares acquired at $0.00 (code A).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — PVRS granted May 4, 2023 had a three-year performance period (ended Dec 31, 2025); final share count set Feb 3, 2026; vesting on May 4, 2026.
• Filing date: Feb 5, 2026 (covers the Feb 3, 2026 determination); appears timely based on the filing window.

Context This was a performance-based restricted stock award being converted to a specific share amount after the performance period — not a market buy or sale. Awards recorded with $0 acquisition price on Form 4 commonly reflect restricted stock grants; tax and economic consequences typically occur at vesting, so this transaction does not by itself indicate insider buying or selling intent.