Zai Lab Ltd — Director's Dealing 2023

Mar 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zai Lab Ltd (ZLAB)
CIK: 0001704292
Period of Report: 2023-03-03

Reporting Person: Du Ying (Director, Chairperson & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-03	American Depositary Shares	G	21564	$0.00	Disposed	837411	Direct
2023-03-03	American Depositary Shares	G	21564	$0.00	Disposed	815847	Direct
2023-03-06	American Depositary Shares	M	300000	$0.00	Acquired	1115847	Direct
2023-03-06	American Depositary Shares	F	120906	$0.00	Disposed	994941	Direct
2023-03-06	American Depositary Shares	G	426	$0.00	Disposed	994515	Direct
2023-03-06	American Depositary Shares	G	426	$0.00	Disposed	994089	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-06	Stock Options (Right to Buy)	$0.60	M	300000	Disposed	2025-10-22	American Depositary Shares (300000)	Direct

Footnotes

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: This transaction represents a bona fide charitable contribution as a gift.

F3: This transaction represents a bona fide charitable contribution as a gift.

F4: The reported transaction was effected pursuant to a sale plan adopted by the Reporting Person, dated 12/13/2022, that expires on 12/20/2023 and is intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1034.

F5: This transaction represents the disposition of shares to cover taxes.

F6: This transaction represents a bona fide gift of securities by the reporting person to an UTMA account for the benefit of the reporting person's adult child.

F7: This transaction represents a bona fide gift of securities by the reporting person to the reporting person's adult child.

F8: The Stock Options fully vested as of October 22, 2020.