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Zai Lab Ltd — Director's Dealing 2024
Apr 4, 2024
31208_dirs_2024-04-03_2b97654e-dc3b-4751-823b-70cbd48a5c5a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Zai Lab Ltd (ZLAB)
CIK: 0001704292
Period of Report: 2024-04-01
Reporting Person: Chen Yajing (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-01 | American Depositary Shares | M | 1500 | $16.72 | Acquired | 8482 | Direct |
| 2024-04-02 | American Depositary Shares | S | 519 | $16.151 | Disposed | 7963 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-01 | Stock Options (Right to Buy) | $16.72 | A | 84663 | Acquired | 2034-04-01 | American Depositary Shares (84663) | Direct |
| 2024-04-01 | Restricted Share Units | $ | A | 55031 | Acquired | American Depositary Shares (55031) | Direct | |
| 2024-04-01 | Restricted Share Units | $ | M | 1500 | Disposed | American Depositary Shares (1500) | 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: ADSs acquired on vesting of Restricted Share Units.
F3: These ADSs were sold automatically to cover taxes upon vesting of Restricted Share Units.
F4: Each Stock Option is exercisable for one ADS, which represents ten Ordinary Shares of the issuer.
F5: The option vests in equal annual installments over four years beginning on 04/01/2025, the first anniversary of the date of grant, subject to continuous service.
F6: Each Restricted Share Unit ("RSU") represents a contingent right to receive one ADS, which represents ten Ordinary Shares of the issuer.
F7: 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.
F8: The RSUs vest in equal annual installments over five years beginning on 04/01/2023, the first anniversary of the date of grant. Vested shares will be delivered in the form of ADSs to the reporting person following vesting.