Zai Lab Ltd — Director's Dealing 2024

Jan 4, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zai Lab Ltd (ZLAB)
CIK: 0001704292
Period of Report: 2023-12-29

Reporting Person: Amado Rafael (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-29	American Depositary Shares	M	21000	—	Acquired	21000	Direct
2023-12-29	American Depositary Shares	M	21000	—	Acquired	42000	Direct
2024-01-02	American Depositary Shares	S	19363	$26.296	Disposed	22637	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-29	Restricted Share Units	$	M	21000	Disposed		American Depositary Shares (21000)	Direct
2023-12-29	Restricted Share Units	$	M	21000	Disposed		American Depositary Shares (21000)	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. Each ADS represents ten Ordinary Shares of the issuer.

F3: Each Restricted Share Unit represents a contingent right to receive one ADS, which represents ten Ordinary Shares of the issuer.

F4: This number reflects a net reduction of 126,000 ADSs, which represents Restricted Share Units that were previously reported as aggregated with ADSs in Table I and are now separately reported in Table II.

F5: These Restricted Share Units vested in full on 12/30/2023, the first anniversary of the date of grant. Vested shares were delivered to the reporting person following vesting.

F6: These Restricted Share Units vest in equal annual installments over five years beginning on 12/30/2023, the first anniversary of the date of grant. Vested shares will be delivered to the reporting person following vesting.

F7: These ADSs were sold automatically to cover taxes upon vesting of Restricted Share Units.