Yajing Chen - Aug 14, 2023 Form 4 Insider Report for Zai Lab Ltd (ZLAB)

Role
Chief Financial Officer
Signature
/s/ Bruce Blefeld, Attorney-in-Fact
Stock symbol
ZLAB
Transactions as of
Aug 14, 2023
Transactions value $
$0
Form type
4
Date filed
8/21/2023, 04:33 PM
Previous filing
Jul 17, 2023
Next filing
Oct 3, 2023

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 Option (Right to Buy) Award $0 +20K $0.00 20K Aug 14, 2023 American Depositary Shares 20K $25.71 Direct F1, F2, F3
transaction ZLAB Restricted Share Units Award $0 +5K $0.00 5K Aug 14, 2023 American Depositary Shares 5K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Stock Option is exercisable for one American Depositary Share (ADS), which represents ten Ordinary Shares of the issuer.
F2 The option vests in equal annual installments over four years beginning on 08/14/2024, the first anniversary of the date of grant.
F3 Each ADS represents ten Ordinary Shares of the issuer. Our ADSs and Ordinary Shares are fully fungible. For purposes of this Form 4, we are reporting this in terms of ADSs.
F4 Each Restricted Share Unit represents a contingent right to receive one ADS, which represents ten Ordinary Shares of the issuer.
F5 The Restricted Share Units vest in equal annual installments over four years beginning on 08/14/2024, the first anniversary of the date of grant. Vested shares will be delivered to the reporting person following vesting.