=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-03
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZION)
CIK: 0000109380
--- Reporting Owner ---
Name: MCLEAN SCOTT J
CIK: 0001186735
Role: Officer (President), Other (& COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -18,000 | Price: $70.56
Total Value: $1,270,011.60
Shares Owned After: 70,988 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was executed in multiple trades at prices ranging from $70.31 to $70.92. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.
[Transaction #2]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -32,000 | Price: $70.84
Total Value: $2,266,880.00
Shares Owned After: 22,490.923 | Ownership: I (Indirect) | Nature: By 401(k) Plan
[Transaction #3]
Security: Common Stock
Date: 2026-08-04 | Code: M (Exercise of derivative)
Shares: +2,055 | Price: $48.65
Total Value: $99,975.75
Shares Owned After: 73,043 | Ownership: D (Direct)
[Transaction #4]
Security: Common Stock
Date: 2026-08-04 | Code: M (Exercise of derivative)
Shares: +18,820 | Price: $48.65
Total Value: $915,593.00
Shares Owned After: 91,863 | Ownership: D (Direct)
[Transaction #5]
Security: Common Stock
Date: 2026-08-04 | Code: S (Open market sale)
Shares: -18,820 | Price: $70.63
Total Value: $1,329,256.60
Shares Owned After: 73,043 | Ownership: D (Direct)
[Transaction #6]
Security: Common Stock
Date: 2026-08-04 | Code: M (Exercise of derivative)
Shares: +1,891 | Price: $52.90
Total Value: $100,033.90
Shares Owned After: 74,934 | Ownership: D (Direct)
[Transaction #7]
Security: Common Stock
Date: 2026-08-04 | Code: M (Exercise of derivative)
Shares: +14,465 | Price: $52.90
Total Value: $765,198.50
Shares Owned After: 89,399 | Ownership: D (Direct)
[Transaction #8]
Security: Common Stock
Date: 2026-08-04 | Code: S (Open market sale)
Shares: -14,465 | Price: $70.63
Total Value: $1,021,662.95
Shares Owned After: 74,934 | Ownership: D (Direct)
--- Derivative Transactions ---
[Transaction #1]
Security: Stock Option (right to buy)
Date: 2026-08-04 | Code: M (Exercise of derivative)
Shares: -2,055 | Price: $48.65
Exercisable: N/A | Expires: 2028-02-07
Shares Owned After: 18,820 | Ownership: D (Direct)
Footnotes:
[F2] Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
[Transaction #2]
Security: Stock Option (right to buy)
Date: 2026-08-04 | Code: M (Exercise of derivative)
Shares: -18,820 | Price: $48.65
Exercisable: N/A | Expires: 2028-02-07
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F2] Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
[Transaction #3]
Security: Stock Option (right to buy)
Date: 2026-08-04 | Code: M (Exercise of derivative)
Shares: -1,891 | Price: $52.90
Exercisable: N/A | Expires: 2030-02-12
Shares Owned After: 14,465 | Ownership: D (Direct)
Footnotes:
[F2] Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
[Transaction #4]
Security: Stock Option (right to buy)
Date: 2026-08-04 | Code: M (Exercise of derivative)
Shares: -14,465 | Price: $52.90
Exercisable: N/A | Expires: 2030-02-12
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F2] Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
--- Footnotes (Complete Index) ---
F1: This transaction was executed in multiple trades at prices ranging from $70.31 to $70.92. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.
F2: Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
--- Signature ---
/s/ By Rena Miller as attorney in fact (2026-08-05)