Yajing Chen - Sep 29, 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
Sep 29, 2023
Transactions value $
-$7,463
Form type
4
Date filed
10/3/2023, 05:03 PM
Previous filing
Aug 21, 2023
Next filing
Nov 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZLAB American Depositary Shares Options Exercise +920 +15.25% 6.95K Sep 29, 2023 Direct F1, F2, F3, F5
transaction ZLAB American Depositary Shares Tax liability -$7.46K -307 -4.41% $24.31 6.65K Sep 29, 2023 Direct F1, F4

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 Restricted Share Units Options Exercise $0 -920 -25% $0.00 2.76K Sep 29, 2023 American Depositary Shares 920 Direct F1, F3, F6
* 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. Our ADSs and Ordinary Shares are fully fungible. For purposes of this Form 4, we are reporting this in terms of ADSs.
F2 ADSs acquired on vesting of Restricted Share Units. Each ADS represents ten Ordinary Shares of the issuer.
F3 Each Restricted Share Unit represents a contingent right to receive one ADS, which represents ten Ordinary Shares of the issuer.
F4 This transaction represents the disposition of shares to the issuer to cover taxes.
F5 This number reflects a net reduction of 39,930 ADSs, which represents Restricted Share Units that were previously reported as aggregated with ADSs in Table I and are now separately reported in Table II.
F6 The Restricted Share Units vest in equal annual installments over five years beginning on 10/01/2022, the first anniversary of the date of grant. Vested shares will be delivered to the reporting person following vesting.