Lis William 4

What Happened

• Lis William, a director of Zai Lab Ltd (ZLAB), received a grant of 22,371 American Depositary Shares (ADSs) on 2026-06-17. The award was reported at $0.00 per ADS (total reported value $0), classified as an "A" (award/grant) transaction.
• Each ADS represents 10 ordinary shares, so this grant corresponds to 223,710 underlying ordinary shares. The award is reported as restricted stock that vests in full on June 17, 2027, contingent on the Reporting Person’s continued board service.

Key Details

• Transaction date: 2026-06-17; Filing date: 2026-06-22 (filed after the trade date).
• Transaction type: Award/Grant (code A); Price reported: $0.00; Total reported value: $0.
• Vesting: Entire grant vests on 2027-06-17 subject to continued service (footnote F2).
• ADS conversion: Reported amounts are in ADSs; 1 ADS = 10 ordinary shares (footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: Filing occurred five days after the transaction (outside the typical 2 business-day Form 4 reporting window), which may be considered late.

Context

• This was a compensation grant to a director (restricted shares), not an open-market purchase or sale; such awards are common for board compensation and do not directly signal immediate buying or selling intent.
• The shares are restricted and subject to vesting—unless the director remains in service through the vesting date, they may forfeit the award.