Amado Rafael 4

What Happened Amado Rafael, President and Head of Global Oncology Research and Development at Zai Lab Ltd (ZLAB), recorded a sale of 2,739 American Depositary Shares (ADSs) on 2026-04-06. The ADSs were sold at $20.45 each for total proceeds of $56,007. Per the filing, this sale was an automatic disposition to cover taxes upon vesting of Restricted Share Units (RSUs).

Key Details

• Transaction date: 2026-04-06; filing date: 2026-04-08 (timely filing).
• Sale: 2,739 ADSs at $20.45 per ADS; total proceeds $56,007.
• ADS note: Each ADS represents 10 ordinary shares — 2,739 ADSs = 27,390 ordinary shares.
• Reason: ADSs sold automatically to cover taxes on RSU vesting (tax withholding), per filing footnote.
• Shares owned after the transaction: not specified in the provided excerpt of the Form 4.

Context

• This transaction was a routine tax-withholding sale tied to RSU vesting rather than a discretionary open-market sale for investment purposes. Such automatic sales are common and typically reflect tax obligations, not necessarily a change in the insider’s view of the company.