Du Ying 4

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.