Chen Yajing 4

What Happened

• Chen Yajing, Chief Financial Officer of Zai Lab Ltd (ZLAB), disposed of 853 American Depositary Shares (ADSs) in an open-market/private sale on April 6, 2026.
• The ADSs were sold at $20.45 each for a reported total of $17,442. According to the filing footnote, the sale was automatic to cover taxes upon vesting of Restricted Share Units (RSUs), not an active, discretionary sale.

Key Details

• Transaction date: 2026-04-06; Price: $20.45 per ADS; Reported proceeds: $17,442.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Each ADS represents 10 ordinary shares; filing reports transactions in ADSs.
  • F2: ADSs were sold automatically to cover taxes upon RSU vesting (tax withholding).
• Filing: Form 4 filed 2026-04-08 for a 2026-04-06 transaction — appears to be timely (no late-file indication in the provided info).

Context

• This was a tax-withholding sale tied to RSU vesting, a routine administrative transaction common when shares vest; such sales generally reflect tax obligations rather than a change in insider sentiment.
• For investors, purchases often carry more informational weight than routine withholding sales; this transaction should be treated as standard compensation-related activity.