Joshua L. Smiley - Apr 1, 2025 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 1, 2025
Transactions value $
-$421,396
Form type
4
Date filed
4/3/2025, 05:06 PM
Previous filing
Mar 14, 2025
Next filing
Apr 7, 2025
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 +32.1K +74.16% 75.3K Apr 1, 2025 Direct F1, F2, F3
transaction ZLAB American Depositary Shares Sale -$421K -11.7K -15.59% $35.89 63.6K Apr 2, 2025 Direct F1, F4

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 Award $0 -32.1K -25% $0.00 96.2K Apr 1, 2025 American Depositary Shares 32.1K Direct F1, F3, 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 Each RSU represents a contingent right to receive one ADS.
F4 These ADSs were sold automatically to cover taxes upon vesting of RSUs.
F5 The RSUs vest in equal annual installments over four years beginning on 04/01/2025, the first anniversary of the date of grant, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.

Remarks:

President and Chief Operating Officer