Fu Tao - 25 Aug 2021 Form 4 Insider Report for Zai Lab Ltd (ZLAB)

Role: President & COO, Director
Signature: /s/ Bruce A. Blefeld
Issuer symbol: ZLAB
Transactions as of: 25 Aug 2021
Net transactions value: -$1,241,085
Form type: 4
Filing time: 26 Aug 2021, 19:12:46 UTC
Previous filing: 19 Jul 2021
Next filing: 16 Sep 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	$189,200	+10,000	+4.8%	$18.92	217,000	25 Aug 2021	Direct	F1
transaction	ZLAB	Ordinary Shares	Sale	$227,072	-1,600	-0.74%	$141.92^*	215,400	25 Aug 2021	Direct	F1, F2
transaction	ZLAB	Ordinary Shares	Sale	$614,509	-4,306	-2%	$142.71^*	211,094	25 Aug 2021	Direct	F1, F3
transaction	ZLAB	Ordinary Shares	Sale	$559,801	-3,894	-1.8%	$143.76^*	207,200	25 Aug 2021	Direct	F1, F4
transaction	ZLAB	Ordinary Shares	Sale	$28,902	-200	-0.1%	$144.51^*	207,000	25 Aug 2021	Direct	F1, F5
holding	ZLAB	Ordinary Shares						107,500	25 Aug 2021	See footnote	F6

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	-10,000	-2.3%	$0.000000	430,000	25 Aug 2021	Ordinary Shares	10,000	$18.92	Direct	F1, F7

* 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 17, 2021, expires September 15, 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 $141.92 per share, at prices ranging from $141.20 to $142.16 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 $142.71 per share, at prices ranging from $142.21 to $143.18 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 $143.76 per share, at prices ranging from $143.32 to $144.22 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 $144.51 per share, at prices ranging from $144.45 to $144.56 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	Shares held by Reporting Person's spouse.
F7	The Stock Options vest in equal annual installments over five years beginning on 09/24/2019, the first anniversary of the date of grant.