Zai Lab (09688) announced that on November 19, 2025, the company issued 2 million new shares, held by a trustee, to fulfill (1) the vesting of share awards granted under the 2017, 2022, and 2024 equity incentive plans as per previously disclosed terms, and (2) where applicable, the exercise of options granted under the 2015, 2017, 2022, and 2024 equity incentive plans.