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

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

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