Accepted (ET)
4:07 PM
Mar 16, 2026
Filed
Mar 16, 2026
Documents
1
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13.7 KB
Summary
Zai Lab (ZLAB) President Rafael Amado Sells 2,957 Shares
What Happened
- Rafael Amado, President and Head of Global Oncology R&D at Zai Lab (ZLAB), received equity awards and had small disposal activity in early March 2026. On 2026-03-04 he was granted a total of 137,733 ADS-based awards (103,950 ADSs and 33,783 ADSs) as derivative awards/RSUs. On 2026-03-12 he exercised/converted 5,323 derivative shares (a portion of awards/options) and related shares were treated for tax/withholding purposes. On 2026-03-13 he sold 2,957 ADSs in the open market at $18.63 per ADS, netting $55,083. The sale was reported on a Form 4 filed 2026-03-16.
Key Details
- Transaction dates and prices:
- 2026-03-04: Grants — 103,950 ADSs and 33,783 ADSs (awards/RSUs), $0 per share (derivative awards).
- 2026-03-12: Exercise/Conversion — 5,323 ADSs (derivative); exercise/conversion reported (disposition of 5,323 ADSs for tax/withholding purposes, $0 reported).
- 2026-03-13: Open-market sale — 2,957 ADSs at $18.63 each, proceeds $55,083.
- Shares owned after the transactions: not specified in the filing.
- Notable footnotes:
- F1: Each ADS represents 10 ordinary shares; filing reports in ADSs.
- F2–F4, F6–F7: Awards are RSUs (each RSU = right to one ADS); some vested ADSs were sold automatically to cover taxes. Vesting schedules vary (some awards vest annually over four years beginning 03/04/2027, others beginning 03/12/2026).
- F4 specifically states ADSs were sold automatically to cover taxes upon vesting.
- Filing timeliness: Form 4 filed 2026-03-16 for transactions through 2026-03-13; filing does not indicate a late report.
Context
- These filings show grant of long-term compensation (RSUs/derivatives) and routine tax-related disposals rather than a discretionary "sell for profit" trade. The automatic sale(s) and the reported $0 disposals reflect tax withholding/cashless treatment common when RSUs vest or options are exercised. Grants vest over multiple years per the footnotes, so most awarded shares are subject to future vesting and continued service.