Smiley Joshua L 4
4 · Zai Lab Ltd · Filed Apr 3, 2025
Insider Transaction Report
Form 4
Zai Lab LtdZLAB
Smiley Joshua L
See Remarks
Transactions
- Exercise/Conversion
American Depositary Shares
2025-04-01+32,062→ 75,294 total - Sale
American Depositary Shares
2025-04-02$35.89/sh−11,740$421,396→ 63,554 total - Award
Restricted Share Units
2025-04-01−32,062→ 96,187 total→ American Depositary Shares (32,062 underlying)
Footnotes (5)
- [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 upon vesting of Restricted Share Units ("RSUs").
- [F3]Each RSU represents a contingent right to receive one ADS.
- [F4]These ADSs were sold automatically to cover taxes upon vesting of RSUs.
- [F5]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.