Yajing Chen - Apr 1, 2024 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
Apr 1, 2024
Transactions value $
$16,698
Form type
4
Date filed
4/3/2024, 09:44 PM
Previous filing
Nov 3, 2023
Next filing
Apr 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZLAB American Depositary Shares Options Exercise $25.1K +1.5K +21.48% $16.72 8.48K Apr 1, 2024 Direct F1, F2
transaction ZLAB American Depositary Shares Sale -$8.38K -519 -6.12% $16.15 7.96K Apr 2, 2024 Direct F1, F3

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 +84.7K $0.00 84.7K Apr 1, 2024 American Depositary Shares 84.7K $16.72 Direct F1, F4, F5
transaction ZLAB Restricted Share Units Award $0 +55K $0.00 55K Apr 1, 2024 American Depositary Shares 55K Direct F1, F6, F7
transaction ZLAB Restricted Share Units Options Exercise $0 -1.5K -25% $0.00 4.5K Apr 1, 2024 American Depositary Shares 1.5K Direct F1, F6, F8
* 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.
F3 These ADSs were sold automatically to cover taxes upon vesting of Restricted Share Units.
F4 Each Stock Option is exercisable for one ADS, which represents ten Ordinary Shares of the issuer.
F5 The option vests in equal annual installments over four years beginning on 04/01/2025, the first anniversary of the date of grant, subject to continuous service.
F6 Each Restricted Share Unit ("RSU") represents a contingent right to receive one ADS, which represents ten Ordinary Shares of the issuer.
F7 The RSUs vest in equal annual installments over four years beginning on 04/01/2025, the first anniversary of the date of grant, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.
F8 The RSUs 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.