Zai Lab Ltd — Director's Dealing 2021

Sep 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zai Lab Ltd (ZLAB)
CIK: 0001704292
Period of Report: 2021-09-15

Reporting Person: Fu Tao (Director, President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-15	Ordinary Shares	M	10000	$18.92	Acquired	217500	Direct
2021-09-15	Ordinary Shares	S	1978	$124.98	Disposed	215522	Direct
2021-09-15	Ordinary Shares	S	3100	$125.96	Disposed	212422	Direct
2021-09-15	Ordinary Shares	S	1541	$128.33	Disposed	210881	Direct
2021-09-15	Ordinary Shares	S	1007	$129.29	Disposed	209874	Direct
2021-09-15	Ordinary Shares	S	574	$130.64	Disposed	209300	Direct
2021-09-15	Ordinary Shares	S	1300	$132.25	Disposed	208000	Direct
2021-09-15	Ordinary Shares	S	400	$133.07	Disposed	207600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-15	Stock Options (Right to Buy)	$18.92	M	10000	Disposed	2028-09-24	Ordinary Shares (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares	107500	Indirect

Footnotes

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 $124.98 per share, at prices ranging from $124.54 to $125.36 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 $125.96 per share, at prices ranging from $125.66 to $126.60 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.

F4: Reflects a weighted average sale price of $128.33 per share, at prices ranging from $127.81 to $128.75 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 $129.29 per share, at prices ranging from $128.84 to $129.67 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 $130.64 per share, at prices ranging from $130.33 to $131.25 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 $132.25 per share, at prices ranging from $131.66 to $132.66 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 $133.07 per share, at prices ranging from $132.74 to $133.50 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: Shares held by Reporting Person's spouse.

F10: The Stock Options vest in equal annual installments over five years beginning on 09/24/2019, the first anniversary of the date of grant.