Du Ying 4
4 · Zai Lab Ltd · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Zai Lab (ZLAB) CEO Du Ying Receives 385,849 ADS Award
What Happened Du Ying, Chairperson and CEO of Zai Lab (ZLAB), received two equity awards on 2026-03-11 totaling 385,849 American Depositary Shares (ADSs) — 353,430 ADSs and 32,419 ADSs. Both awards were reported as derivative grants at an acquisition price of $0.00 (i.e., awarded, not purchased or sold).
Key Details
- Transaction date: 2026-03-11; Filing date: 2026-03-16 (filed 5 days after the transaction).
- Awards: 353,430 ADSs and 32,419 ADSs; total = 385,849 ADSs. Reported value at grant: $0.00.
- Footnotes of note:
- F1: Each ADS represents 10 ordinary shares; amounts reported are in ADSs.
- F2: An option award vests in equal annual installments over four years beginning 03/11/2027, subject to continuous service.
- F3/F4: The other award is Restricted Share Units (RSUs), each RSU = one ADS, vesting on the same four‑year schedule; vested ADSs will be delivered to the reporting person.
- Shares owned following the transaction: not specified in the provided filing.
- Timeliness: Filing was submitted 5 days after the transaction (may be marked late under Form 4 timing rules).
Context These were compensation grants (one stock option and one RSU award) with multi‑year vesting that begin on 03/11/2027 and do not represent an immediate open‑market purchase or sale. Such awards are common for executive compensation and are conditional on continued service; they do not, by themselves, signal buying or selling of company stock in the market.
Insider Transaction Report
- Award
Stock Options (Right to Buy)
[F2][F1]2026-03-11+353,430→ 353,430 totalExercise: $19.34Exp: 2036-03-11→ American Depositary Shares (353,430 underlying) - Award
Restricted Share Units
[F3][F4][F1]2026-03-11+32,419→ 32,419 total→ American Depositary Shares (32,419 underlying)
Footnotes (4)
- [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]The option vests in equal annual installments over four years beginning on 03/11/2027, the first anniversary of the date of grant, subject to continuous service.
- [F3]Each Restricted Share Unit ("RSU") represents a contingent right to receive one ADS.
- [F4]The RSUs vest in equal annual installments over four years beginning on 03/11/2027, the first anniversary of the date of grant, subject to continuous service. Vested shares will be delivered in the form of ADSs to the reporting person following vesting.