Vounatsos Michel 4

What Happened

• Michel Vounatsos, a director of Zai Lab Ltd (ZLAB), was granted 22,371 American Depositary Shares (ADSs) on June 17, 2026. The award was reported at $0.00 per ADS (total reported value $0), representing a grant of restricted shares rather than an open-market purchase or sale.
• The filing reports ADSs; each ADS represents ten ordinary shares (footnote F1). The granted restricted ADSs vest in full on June 17, 2027, subject to Mr. Vounatsos’s continued service on the board through that date (footnote F2).

Key Details

• Transaction date: June 17, 2026; Form 4 filed: June 22, 2026 (five days after the transaction). Note: Form 4 is generally due within two business days of the transaction, so this filing was later than typical.
• Shares granted: 22,371 ADSs; Price: $0.00 per ADS; Reported total value: $0.
• ADS conversion: 1 ADS = 10 ordinary shares (F1).
• Vesting: Restricted shares vest in full on June 17, 2027, contingent on continued board service (F2).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• This was a compensation grant of restricted ADSs (an award), not an open-market purchase or sale. Such grants are commonly used for director compensation and do not represent an immediate market purchase or sale — the shares are subject to a one-year vesting condition before becoming transferable.