Du Ying - 01 Jul 2021 Form 4 Insider Report for Zai Lab Ltd (ZLAB)

Role: Chairwoman & CEO, Director
Signature: /s/ Bruce A. Blefeld, Attorney-in-Fact
Issuer symbol: ZLAB
Transactions as of: 01 Jul 2021
Net transactions value: -$19,445,083
Form type: 4
Filing time: 02 Jul 2021, 18:02:23 UTC
Previous filing: 02 Jun 2021
Next filing: 03 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZLAB	Ordinary Shares	Options Exercise	$66,667	+111,111	+11%	$0.6000^*	1,119,764	01 Jul 2021	Direct	F1
transaction	ZLAB	Ordinary Shares	Sale	$7,184,262	-41,277	-3.7%	$174.05^*	1,078,487	01 Jul 2021	Direct	F1, F2
transaction	ZLAB	Ordinary Shares	Sale	$1,168,317	-6,670	-0.62%	$175.16^*	1,071,817	01 Jul 2021	Direct	F1, F3
transaction	ZLAB	Ordinary Shares	Sale	$776,512	-4,411	-0.41%	$176.04^*	1,067,406	01 Jul 2021	Direct	F1, F4
transaction	ZLAB	Ordinary Shares	Sale	$1,551,392	-8,758	-0.82%	$177.14^*	1,058,648	01 Jul 2021	Direct	F1, F5
transaction	ZLAB	Ordinary Shares	Sale	$3,898,919	-21,877	-2.1%	$178.22^*	1,036,771	01 Jul 2021	Direct	F1, F6
transaction	ZLAB	Ordinary Shares	Sale	$154,688	-865	-0.08%	$178.83^*	1,035,906	01 Jul 2021	Direct	F1, F7
transaction	ZLAB	Ordinary Shares	Sale	$2,518,518	-14,394	-1.4%	$174.97^*	1,021,512	02 Jul 2021	Direct	F1, F8
transaction	ZLAB	Ordinary Shares	Sale	$2,080,092	-11,849	-1.2%	$175.55^*	1,009,663	02 Jul 2021	Direct	F1, F9
transaction	ZLAB	Ordinary Shares	Sale	$93,153	-527	-0.05%	$176.76^*	1,009,136	02 Jul 2021	Direct	F1, F10
transaction	ZLAB	Ordinary Shares	Sale	$85,897	-483	-0.05%	$177.84^*	1,008,653	02 Jul 2021	Direct	F1, F11

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)	Options Exercise	$0	+111,111	+11%	$0.000000	1,111,387	01 Jul 2021	Ordinary Shares	111,111	$0.6000	Direct	F1, F12

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

Explanation of Responses:

Id	Content
F1	The reported transaction was effected pursuant to a sales plan adopted by the Reporting Person, dated March 3, 2021, expires December 31, 2021 and is intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934.
F2	Reflects a weighted average sale price of $174.05 per share, at prices ranging from $173.68 to $174.60 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3	Reflects a weighted average sale price of $175.16 per share, at prices ranging from $174.70 to $175.68 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4	Reflects a weighted average sale price of $176.04 per share, at prices ranging from $175.70 to $176.63 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5	Reflects a weighted average sale price of $177.14 per share, at prices ranging from $176.76 to $177.71 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F6	Reflects a weighted average sale price of $178.22 per share, at prices ranging from $177.79 to $178.79 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F7	Reflects a weighted average sale price of $178.83 per share, at prices ranging from $178.80 to $178.89 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F8	Reflects a weighted average sale price of $174.97 per share, at prices ranging from $174.36 to $175.35 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F9	Reflects a weighted average sale price of $175.55 per share, at prices ranging from $175.36 to $176.31 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F10	Reflects a weighted average sale price of $176.76 per share, at prices ranging from $176.40 to $177.17 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F11	Reflects a weighted average sale price of $177.84 per share, at prices ranging from $177.74 to $178.03 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F12	The Stock Options fully vested as of October 22, 2020.

Remarks:

The Power of Attorney given by Ms. Du was previously filed with the U.S. Securities and Exchange Commission on January 4, 2021 as an exhibit to the Form 3 filed by Ms. Du.