Du Ying - 03 Apr 2024 Form 4 Insider Report for Zai Lab Ltd (ZLAB)

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	+533,065		$0.000000	533,065	03 Apr 2024	American Depositary Shares	533,065	$16.18	Direct	F1, F2, F3
transaction	ZLAB	Restricted Share Units	Award	$0	+27,000		$0.000000	27,000	03 Apr 2024	American Depositary Shares	27,000		Direct	F3, F4, F5

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

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 04/03/2025, the first anniversary of the date of grant, subject to continuous service.
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 ("RSU") represents a contingent right to receive one ADS.
F5	The RSUs vest in equal annual installments over four years beginning on 04/03/2025, the first anniversary of the date of grant, subject to continuous service. Vested shares will be delivered in the form of ADSs to the reporting person following vesting.