Edmondson Frazor Titus III 4

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.