Du Ying - 01 Apr 2022 Form 4 Insider Report for Zai Lab Ltd (ZLAB)

Role: Chairwoman & CEO, Director
Signature: /s/ Bruce A. Blefeld as Attorney-in-Fact
Issuer symbol: ZLAB
Transactions as of: 01 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 05 Apr 2022, 16:05:30 UTC
Previous filing: 09 Dec 2022
Next filing: 27 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZLAB	American Depositary Shares	Options Exercise	$0	+3,400	+0.34%	$0.000000	1,012,053	01 Apr 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ZLAB	Stock Options (Right to Buy)	Award	$0	+282,000		$0.000000	282,000	01 Apr 2022	American Depositary Shares	282,000	$45.47	Direct	F1, F3, F4
transaction	ZLAB	Restricted Share Units	Award	$0	+54,000		$0.000000	54,000	01 Apr 2022	American Depositary Shares	54,000		Direct	F1, F5, F6
transaction	ZLAB	Restricted Share Units	Options Exercise	$0	-3,400	-20%	$0.000000	13,600	01 Apr 2022	American Depositary Shares	3,400		Direct	F1, F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each American Depositary Share (ADS) represents ten Ordinary Shares of the issuer.
F2	ADSs acquired on vesting of Restricted Share Units. Each ADS represents ten Ordinary Shares of the issuer.
F3	The Stock Options are exercisable for ADSs. The number of securities underlying each option and the exercise price therefor are represented in ADSs. Each ADS represents ten Ordinary Shares of the issuer.
F4	The Stock Options vest in equal annual installments over five years beginning on 04/01/2023, the first anniversary of the date of grant.
F5	Each Restricted Share Unit represents a contingent right to receive one ADS, which represents ten Ordinary Shares of the issuer.
F6	The Restricted Share Units vest in equal annual installments over five years beginning on 04/01/2023, the first anniversary of the date of grant. Vested shares will be delivered in the form of ADSs to the reporting person following vesting.
F7	The Restricted Share Units vest in equal annual installments over five years beginning on 04/01/2022, the first anniversary of the date of grant. Vested shares will be delivered in the form of ADSs to the reporting person following vesting.