Ying Du - Jun 28, 2024 Form 4 Insider Report for Zai Lab Ltd (ZLAB)

Role
Chairperson & CEO, Director
Signature
/s/ Bruce Blefeld, Attorney-in-Fact
Stock symbol
ZLAB
Transactions as of
Jun 28, 2024
Transactions value $
-$122,573
Form type
4
Date filed
7/2/2024, 04:30 PM
Previous filing
Jun 27, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZLAB American Depositary Shares Options Exercise +18K +1.68% 1.09M Jun 28, 2024 Direct F1, F2, F3, F4
transaction ZLAB American Depositary Shares Sale -$123K -7.01K -0.64% $17.48 1.08M Jul 1, 2024 Direct F1, F5

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 -18K -25% $0.00 53.9K Jun 28, 2024 American Depositary Shares 18K Direct F1, F3, F6
transaction ZLAB Restricted Share Units Award $0 +72K $0.00 72K Jul 1, 2024 American Depositary Shares 72K Direct F1, F3, F7
* 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 Each RSU represents a contingent right to receive one ADS.
F4 This number reflects a net reduction of 71,880 ADSs, which represents RSUs that previously reported as aggregated with ADSs in Table I and are now separately reported in Table II.
F5 These ADSs were sold automatically to cover taxes upon vesting of RSUs.
F6 The RSUs vest in equal annual installments over four years beginning on 06/29/2024, 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.
F7 The RSUs vest in equal annual installments over four years beginning on 07/01/2025, 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.