Zai Lab Ltd — Director's Dealing 2021

Jul 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zai Lab Ltd (ZLAB)
CIK: 0001704292
Period of Report: 2021-07-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-15	Ordinary Shares	M	10000	$18.92	Acquired	217000	Direct
2021-07-15	Ordinary Shares	S	2333	$170.30	Disposed	214667	Direct
2021-07-15	Ordinary Shares	S	1000	$171.36	Disposed	213667	Direct
2021-07-15	Ordinary Shares	S	21	$171.89	Disposed	213646	Direct
2021-07-15	Ordinary Shares	S	3281	$173.56	Disposed	210365	Direct
2021-07-15	Ordinary Shares	S	3265	$174.26	Disposed	207100	Direct
2021-07-15	Ordinary Shares	S	100	$175.00	Disposed	207000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-15	Stock Options (Right to Buy)	$18.92	M	10000	Disposed	2028-07-24	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 $170.30 per share, at prices ranging from $169.81 to $170.64 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 $171.36 per share, at prices ranging from $170.89 to $171.88 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 $173.56 per share, at prices ranging from $172.94 to $173.93 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 $174.26 per share, at prices ranging from $173.94 to $174.80 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.