GAYNOR RICHARD 4

What Happened Richard Gaynor, a director of Zai Lab Ltd (ZLAB), received a grant of 22,371 American Depositary Shares (ADSs) on 2026-06-17. The award was issued at $0 per ADS (a non‑cash restricted share grant). Each ADS represents ten ordinary shares, so the grant equals 223,710 ordinary shares. The restricted shares vest in full on June 17, 2027, subject to Mr. Gaynor’s continued service on the board.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-22.
• Security: 22,371 ADSs reported (each ADS = 10 ordinary shares).
• Price: $0.00 per ADS (award/grant; transaction code A).
• Vesting: Shares are restricted and vest in full on 2027-06-17, contingent on continued board service (Footnote F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: The Form 4 was filed five calendar days after the transaction (appears to be later than the typical 2 business‑day Form 4 deadline).

Context This was a standard director compensation award (restricted ADSs) rather than a market purchase or sale. Such awards are common for board compensation and do not by themselves signal an immediate buy/sell decision; they simply represent deferred equity compensation subject to vesting.