[144] Zai Lab Limited American SEC Filing
Zai Lab Limited (ZLAB) filed a Form 144 reporting a proposed sale of 50,000 American Depositary Shares (ADSs) through Fidelity Brokerage on 08/12/2025 for an aggregate market value of $1,712,555.53. The form shows the ADSs were acquired on 08/12/2025 from the issuer upon exercise of an option originally granted on 10/22/2015, with payment in cash. The filing lists 421,725,450 shares outstanding, so the proposed block equals about 0.0119% of outstanding ADSs.
The notice also discloses prior dispositions by the same seller (listed as Ying Du) over the past three months totaling 284,048 ADSs for gross proceeds of $9,022,707.36 (sales dated 05/12/2025鈥�08/11/2025). Sales are reported on NASDAQ and routed through Fidelity Brokerage Services LLC.
Zai Lab Limited (ZLAB) ha depositato un Form 144 segnalando una proposta di vendita di 50,000 American Depositary Shares (ADSs) tramite Fidelity Brokerage il 08/12/2025 per un valore di mercato complessivo di $1,712,555.53. Il modulo indica che le ADS sono state acquisite il 08/12/2025 dall'emittente in seguito all'esercizio di un'opzione originariamente concessa il 10/22/2015, con pagamento in contanti. La comunicazione riporta 421,725,450 azioni in circolazione, quindi il blocco proposto corrisponde a circa 0.0119% delle ADS in circolazione.
L'avviso dichiara inoltre precedenti cessioni da parte dello stesso venditore (indicato come Ying Du) negli ultimi tre mesi per un totale di 284,048 ADSs con proventi lordi pari a $9,022,707.36 (vendite datate 05/12/2025鈥�08/11/2025). Le vendite sono riportate sul NASDAQ e instradate tramite Fidelity Brokerage Services LLC.
Zai Lab Limited (ZLAB) present贸 un Form 144 notificando una propuesta de venta de 50,000 American Depositary Shares (ADSs) a trav茅s de Fidelity Brokerage el 08/12/2025 por un valor de mercado agregado de $1,712,555.53. El formulario indica que las ADS fueron adquiridas el 08/12/2025 del emisor al ejercer una opci贸n concedida originalmente el 10/22/2015, con pago en efectivo. La presentaci贸n lista 421,725,450 acciones en circulaci贸n, por lo que el bloque propuesto equivale a aproximadamente 0.0119% de las ADS en circulaci贸n.
El aviso tambi茅n revela disposiciones previas por parte del mismo vendedor (registrado como Ying Du) durante los 煤ltimos tres meses por un total de 284,048 ADSs por ingresos brutos de $9,022,707.36 (ventas fechadas 05/12/2025鈥�08/11/2025). Las ventas se informan en el NASDAQ y se enrutan a trav茅s de Fidelity Brokerage Services LLC.
Zai Lab Limited (ZLAB)电� Form 144毳� 鞝滌稖頃� 08/12/2025鞐� Fidelity Brokerage毳� 韱淀暣 50,000 American Depositary Shares (ADSs)毳� 毵り皝頃� 鞓堨爼鞚措澕瓿� 氤搓碃頄堨姷雼堧嫟. 齑� 鞁滌灔 臧�旃樀鐢 $1,712,555.53鞛呺媹雼�. 靹滊鞐惖鐢 頃措嫻 ADS臧� 鞗愲灅 10/22/2015鞐� 攵�鞐悳 鞓奠厴鞚� 頄夓偓頃橃棳 氚滍枆靷攵�韯� 08/12/2025鞐� 順勱笀鞙茧 旆摑霅橃棃雼り碃 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滊鞐惖鐢 421,725,450欤检潣 氚滍枆欤检嫕靾橁皜 旮办灛霅橃柎 鞛堨柎, 鞝滌晥霅� 敫旊鞚� 氚滍枆霅� ADS鞚� 鞎� 0.0119%鞐� 頃措嫻頃╇媹雼�.
頃措嫻 韱奠靹湹鐢 霕愴暅 斓滉芳 3臧滌洈 霃欖晥 霃欖澕頃� 毵る弰鞚�(旮办灛氇�: Ying Du)鞚� 齑� 284,048 ADSs毳� 觳橂秳頃� 齑濎垬鞚� $9,022,707.36毳� 鞓牳雼り碃 瓿店皽頃橁碃 鞛堨姷雼堧嫟(毵り皝鞚检瀽: 05/12/2025鈥�08/11/2025). 毵るГ电� NASDAQ鞐� 氤搓碃霅橃棃瓿� Fidelity Brokerage Services LLC毳� 韱淀暣 觳搓舶霅橃棃鞀惦媹雼�.
Zai Lab Limited (ZLAB) a d茅pos茅 un Form 144 signalant une proposition de vente de 50,000 American Depositary Shares (ADSs) via Fidelity Brokerage le 08/12/2025 pour une valeur de march茅 totale de $1,712,555.53. Le formulaire indique que les ADS ont 茅t茅 acquises le 08/12/2025 aupr猫s de l'茅metteur lors de l'exercice d'une option initialement accord茅e le 10/22/2015, avec paiement en 别蝉辫猫肠别蝉. le d茅p么t liste 421,725,450 actions en circulation, donc le lot propos茅 repr茅sente environ 0.0119% des ADS en circulation.
L'avis divulgue 茅galement des cessions ant茅rieures par le m锚me vendeur (mentionn茅 comme Ying Du) au cours des trois derniers mois totalisant 284,048 ADSs pour des produits bruts de $9,022,707.36 (ventes dat茅es 05/12/2025鈥�08/11/2025). Les ventes sont d茅clar茅es sur le NASDAQ et trait茅es via Fidelity Brokerage Services LLC.
Zai Lab Limited (ZLAB) hat ein Form 144 eingereicht und einen geplanten Verkauf von 50,000 American Depositary Shares (ADSs) 眉ber Fidelity Brokerage am 08/12/2025 mit einem Gesamtmarktwert von $1,712,555.53 gemeldet. Das Formular weist aus, dass die ADS am 08/12/2025 vom Emittenten beim Aus眉ben einer urspr眉nglich am 10/22/2015 gew盲hrten Option erworben wurden, mit Zahlung in Bargeld. Die Einreichung listet 421,725,450 ausstehende Aktien, sodass das vorgeschlagene Paket etwa 0.0119% der ausstehenden ADS entspricht.
Die Mitteilung legt au脽erdem fr眉here Ver盲u脽erungen desselben Verk盲ufers (angegeben als Ying Du) in den letzten drei Monaten offen, insgesamt 284,048 ADSs mit Bruttoerl枚sen von $9,022,707.36 (Verk盲ufe datiert 05/12/2025鈥�08/11/2025). Die Verk盲ufe werden an der NASDAQ gemeldet und 眉ber Fidelity Brokerage Services LLC abgewickelt.
- Transparent Rule 144 disclosure of the proposed sale and prior transactions, demonstrating compliance with SEC reporting requirements.
- Planned sale arose from option exercise (option granted 10/22/2015; acquired 08/12/2025), with cash payment, indicating a standard liquidity event rather than a noncompliant transfer.
- Brokerage identified (Fidelity Brokerage Services LLC) and exchange listed (NASDAQ), providing clear execution channels for the transactions.
- Cumulative insider dispositions of 284,048 ADSs in the past three months totaling $9,022,707.36, plus a proposed sale of 50,000 ADSs (~$1.71M), which may be viewed negatively by some investors.
- Repeated sales by the same individual (Ying Du) across May鈥揂ugust 2025 could raise questions about insider selling patterns, even though amounts are small relative to outstanding shares.
Insights
TL;DR: Small, transparent insider sales; absolute proceeds notable but represent a tiny fraction of outstanding ADSs.
The filing documents a proposed sale of 50,000 ADSs (~0.0119% of outstanding) following an option exercise, with the seller having sold 284,048 ADSs for ~$9.02M in the prior three months. From a capital-markets perspective, these transactions provide liquidity to the holder but are unlikely to materially affect Zai Lab's market capitalization given the very small percentage of shares involved. Investors should view this as routine insider selling disclosed under Rule 144 rather than a company operational disclosure.
TL;DR: Repeated insider dispositions are disclosed properly, but cumulative sales may raise governance or signaling questions for some investors.
The Form 144 shows consistent, documented sales by the same individual across multiple dates and a new proposed disposition tied to an option exercise. While the absolute amounts (~$9.02M over three months plus the planned ~$1.71M sale) are factual and the filer complied with reporting requirements, recurrent insider sales can attract investor scrutiny on insider confidence or personal liquidity needs. The filing itself contains no nonpublic operational information and adheres to Rule 144 disclosure norms.
Zai Lab Limited (ZLAB) ha depositato un Form 144 segnalando una proposta di vendita di 50,000 American Depositary Shares (ADSs) tramite Fidelity Brokerage il 08/12/2025 per un valore di mercato complessivo di $1,712,555.53. Il modulo indica che le ADS sono state acquisite il 08/12/2025 dall'emittente in seguito all'esercizio di un'opzione originariamente concessa il 10/22/2015, con pagamento in contanti. La comunicazione riporta 421,725,450 azioni in circolazione, quindi il blocco proposto corrisponde a circa 0.0119% delle ADS in circolazione.
L'avviso dichiara inoltre precedenti cessioni da parte dello stesso venditore (indicato come Ying Du) negli ultimi tre mesi per un totale di 284,048 ADSs con proventi lordi pari a $9,022,707.36 (vendite datate 05/12/2025鈥�08/11/2025). Le vendite sono riportate sul NASDAQ e instradate tramite Fidelity Brokerage Services LLC.
Zai Lab Limited (ZLAB) present贸 un Form 144 notificando una propuesta de venta de 50,000 American Depositary Shares (ADSs) a trav茅s de Fidelity Brokerage el 08/12/2025 por un valor de mercado agregado de $1,712,555.53. El formulario indica que las ADS fueron adquiridas el 08/12/2025 del emisor al ejercer una opci贸n concedida originalmente el 10/22/2015, con pago en efectivo. La presentaci贸n lista 421,725,450 acciones en circulaci贸n, por lo que el bloque propuesto equivale a aproximadamente 0.0119% de las ADS en circulaci贸n.
El aviso tambi茅n revela disposiciones previas por parte del mismo vendedor (registrado como Ying Du) durante los 煤ltimos tres meses por un total de 284,048 ADSs por ingresos brutos de $9,022,707.36 (ventas fechadas 05/12/2025鈥�08/11/2025). Las ventas se informan en el NASDAQ y se enrutan a trav茅s de Fidelity Brokerage Services LLC.
Zai Lab Limited (ZLAB)电� Form 144毳� 鞝滌稖頃� 08/12/2025鞐� Fidelity Brokerage毳� 韱淀暣 50,000 American Depositary Shares (ADSs)毳� 毵り皝頃� 鞓堨爼鞚措澕瓿� 氤搓碃頄堨姷雼堧嫟. 齑� 鞁滌灔 臧�旃樀鐢 $1,712,555.53鞛呺媹雼�. 靹滊鞐惖鐢 頃措嫻 ADS臧� 鞗愲灅 10/22/2015鞐� 攵�鞐悳 鞓奠厴鞚� 頄夓偓頃橃棳 氚滍枆靷攵�韯� 08/12/2025鞐� 順勱笀鞙茧 旆摑霅橃棃雼り碃 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滊鞐惖鐢 421,725,450欤检潣 氚滍枆欤检嫕靾橁皜 旮办灛霅橃柎 鞛堨柎, 鞝滌晥霅� 敫旊鞚� 氚滍枆霅� ADS鞚� 鞎� 0.0119%鞐� 頃措嫻頃╇媹雼�.
頃措嫻 韱奠靹湹鐢 霕愴暅 斓滉芳 3臧滌洈 霃欖晥 霃欖澕頃� 毵る弰鞚�(旮办灛氇�: Ying Du)鞚� 齑� 284,048 ADSs毳� 觳橂秳頃� 齑濎垬鞚� $9,022,707.36毳� 鞓牳雼り碃 瓿店皽頃橁碃 鞛堨姷雼堧嫟(毵り皝鞚检瀽: 05/12/2025鈥�08/11/2025). 毵るГ电� NASDAQ鞐� 氤搓碃霅橃棃瓿� Fidelity Brokerage Services LLC毳� 韱淀暣 觳搓舶霅橃棃鞀惦媹雼�.
Zai Lab Limited (ZLAB) a d茅pos茅 un Form 144 signalant une proposition de vente de 50,000 American Depositary Shares (ADSs) via Fidelity Brokerage le 08/12/2025 pour une valeur de march茅 totale de $1,712,555.53. Le formulaire indique que les ADS ont 茅t茅 acquises le 08/12/2025 aupr猫s de l'茅metteur lors de l'exercice d'une option initialement accord茅e le 10/22/2015, avec paiement en 别蝉辫猫肠别蝉. le d茅p么t liste 421,725,450 actions en circulation, donc le lot propos茅 repr茅sente environ 0.0119% des ADS en circulation.
L'avis divulgue 茅galement des cessions ant茅rieures par le m锚me vendeur (mentionn茅 comme Ying Du) au cours des trois derniers mois totalisant 284,048 ADSs pour des produits bruts de $9,022,707.36 (ventes dat茅es 05/12/2025鈥�08/11/2025). Les ventes sont d茅clar茅es sur le NASDAQ et trait茅es via Fidelity Brokerage Services LLC.
Zai Lab Limited (ZLAB) hat ein Form 144 eingereicht und einen geplanten Verkauf von 50,000 American Depositary Shares (ADSs) 眉ber Fidelity Brokerage am 08/12/2025 mit einem Gesamtmarktwert von $1,712,555.53 gemeldet. Das Formular weist aus, dass die ADS am 08/12/2025 vom Emittenten beim Aus眉ben einer urspr眉nglich am 10/22/2015 gew盲hrten Option erworben wurden, mit Zahlung in Bargeld. Die Einreichung listet 421,725,450 ausstehende Aktien, sodass das vorgeschlagene Paket etwa 0.0119% der ausstehenden ADS entspricht.
Die Mitteilung legt au脽erdem fr眉here Ver盲u脽erungen desselben Verk盲ufers (angegeben als Ying Du) in den letzten drei Monaten offen, insgesamt 284,048 ADSs mit Bruttoerl枚sen von $9,022,707.36 (Verk盲ufe datiert 05/12/2025鈥�08/11/2025). Die Verk盲ufe werden an der NASDAQ gemeldet und 眉ber Fidelity Brokerage Services LLC abgewickelt.
FAQ
What does ZLAB's Form 144 report?
Who is listed as the seller in the Form 144 filings for ZLAB?
How many ADSs has the seller disposed of recently and for how much?
What is the source and nature of the ADSs being sold on 08/12/2025?
What proportion of outstanding ADSs does the proposed 50,000 ADS sale represent?
Through which broker and exchange will the sale occur?
