Zai Lab grants share options and restricted share units to employees

Zai Lab Limited granted 25,000 options (in ADSs) to one employee and 32,150 restricted share units (in ADSs) to seven employees on October 1, 2025. These grants are part of the company's 2024 Equity Incentive Plan, designed to recognize contributions and incentivize future success.

The options were granted with an exercise price of $34.44 per ADS, with 25% vesting annually over four years. The restricted share units, which have no purchase price, also follow a four-year annual vesting schedule of 25%. Neither the options nor the restricted share units include performance targets or clawback mechanisms, with the compensation committee deeming the grants market competitive and aligned with company practice.

The underlying shares for the granted options total 250,000, while the restricted share units correspond to 321,500 underlying shares. Following these awards, 80,522,423 shares remain available for future grants under the 2024 Equity Incentive Plan. All grantees are employee participants of the group and meet the eligibility criteria outlined in the listing rules.