Joshua L. Smiley - Apr 3, 2024 Form 4 Insider Report for Zai Lab Ltd (ZLAB)

Role: President and Chief Operating Officer
Signature: /s/ Bruce Blefeld, Attorney-in-Fact
Stock symbol: ZLAB
Transactions as of: Apr 3, 2024
Transactions value $: $82,448
Form type: 4
Date filed: 4/5/2024, 05:48 PM
Previous filing: Apr 3, 2024
Next filing: May 15, 2024
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	$114K	+7.15K	+30.37%	$15.90	30.7K	Apr 3, 2024	Direct	F1, F2
transaction	ZLAB	American Depositary Shares	Sale	-$31.2K	-1.99K	-6.48%	$15.67	28.7K	Apr 4, 2024	Direct	F1, F3

Showing 1 to 2 of 2 entries

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	-7.15K	-25%	$0.00	21.4K	Apr 3, 2024	American Depositary Shares	7.15K		Direct	F1, F4, F5

* 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 upon vesting of Restricted Share Units ("RSUs").
F3	These ADSs were sold automatically to cover taxes upon vesting of RSUs.
F4	Each RSU represents a contingent right to receive one ADS.
F5	The RSUs vest in equal annual installments over four years beginning on 04/03/2024, the first anniversary of the date of grant. Vested shares will be delivered in the form of ADSs to the reporting person following vesting.

Remarks:

President and Chief Operating Officer