Cho Michael 4

What Happened
Michael Cho, Chief Strategy Officer of Zebra Technologies (ZBRA), had 941 shares withheld to cover tax obligations tied to an equity event (likely option exercise or RSU vesting). The withholding occurred in two tranches: 162 shares at $227.08 on 2026-05-02 ($36,787) and 779 shares at $223.73 on 2026-05-04 ($174,286), for a combined value of roughly $211,073. These were tax-withholdings (dispositions), not open-market sales or purchases.

Key Details

• Transaction dates and prices:
  • 2026-05-02: 162 shares withheld @ $227.08 = $36,787
  • 2026-05-04: 779 shares withheld @ $223.73 = $174,286
• Total shares withheld: 941; total value: ≈ $211,073.
• Transaction code: F — payment of exercise price or tax liability (share withholding to cover taxes).
• Shares owned following the transaction: not specified in the provided filing details.
• Filing: Form 4 filed 2026-05-05 (no late-filing flag indicated in the supplied information).

Context
Tax-withholding dispositions are a routine administrative step when executives exercise options or when restricted stock units vest. Shares are retained (or sold back to the company) to cover required taxes — this is not the same as an insider selling shares on the open market and generally should not be interpreted alone as a bullish or bearish signal.