Edmondson Frazor Titus III 4
4 · Zai Lab Ltd · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Zai Lab (ZLAB) CLO Edmondson Titus Sells 1,224 ADS
What Happened
- Edmondson Frazor Titus III, Chief Legal Officer of Zai Lab Ltd (ZLAB), reported a sale of 1,224 American Depositary Shares (ADS) on 2026-04-06 at $20.45 per ADS, totaling $25,028. The Form 4 lists the transaction as a sale (S).
Key Details
- Transaction date: 2026-04-06; filing date: 2026-04-08 (appears timely — within the usual 2-business-day Form 4 window).
- Price and proceeds: 1,224 ADS sold at $20.45 each; total proceeds $25,028.
- Transaction type: Reported as open market/private sale (S); footnote F2 states the ADSs were sold automatically to cover taxes upon vesting of Restricted Share Units (RSUs).
- ADS note: Footnote F1 — each ADS represents 10 ordinary shares; the Form 4 reports in ADSs.
- Shares owned after transaction: Not disclosed in the provided filing details.
Context
- This was an automatic tax-withholding sale tied to RSU vesting (routine administrative sale), not necessarily a voluntary directional trade by the insider. For retail investors, automatic withholding sales are common and typically don't signal management sentiment about the company's outlook.
Insider Transaction Report
Form 4
Zai Lab LtdZLAB
Edmondson Frazor Titus III
Chief Legal Officer
Transactions
- Sale
American Depositary Shares
[F1][F2]2026-04-06$20.45/sh−1,224$25,028→ 23,366 total
Footnotes (2)
- [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]These ADSs were sold automatically to cover taxes upon vesting of Restricted Share Units.
Signature
/s/ Bruce Blefeld, Attorney-in-Fact|2026-04-08