[SCHEDULE 13G/A] Zai Lab Limited American SEC Filing
Wellington Reports 4.51% Stake in Zai Lab — 50,084,792 Shares
Wellington Management and affiliates reported beneficial ownership of 50,084,792 shares of Zai Lab Ltd. common stock, representing 4.51% of the class as of the report.
Wellington Management and affiliates reported beneficial ownership of 50,084,792 shares of Zai Lab Ltd. common stock, representing 4.51% of the class as of the report. The filing is a Schedule 13G (Amendment No. 5) disclosing that the reporting persons have 0 sole voting or dispositive power, 42,744,773 shares of shared voting power and 50,084,792 shares of shared dispositive power. The securities are owned of record by clients of the Wellington Investment Advisers and the filing states no client is known to own more than 5% of the class. The document lists the issuer's principal executive office in Shanghai and is certified and signed by a Wellington regulatory analyst on 08/12/2025.
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Insights
TL;DR: A major asset manager discloses a 4.51% passive stake in Zai Lab held for clients; no single client exceeds 5%.
The Schedule 13G/A shows Wellington Management Group LLP and affiliated entities collectively beneficially own 50,084,792 shares of Zai Lab common stock with shared voting power of 42,744,773. The filing indicates these holdings are client-owned and held in the ordinary course of business, consistent with a passive investor disclosure rather than an activist intent. For investors, this clarifies large institutional exposure but does not signal a change in control or a proxy contest given the sub-5% client concentration and the use of a 13G filing.
TL;DR: Ownership disclosure improves transparency; classification as 13G implies passive intent and limited governance impact.
The filing identifies multiple Wellington entities and investment adviser subsidiaries that collectively hold the position and confirms that no client is known to control more than 5% of the class. Shared voting and dispositive powers are disclosed, with no sole control reported. From a governance perspective, this is routine institutional reporting: it documents material institutional ownership but contains no indication of coordinated governance action or control-seeking behavior.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Wellington report in Zai Lab (ZLAB)?
Wellington and affiliates report beneficial ownership of 50,084,792 shares, equal to 4.51% of Zai Lab common stock.
Does Wellington have sole voting or dispositive power over the ZLAB shares?
No. The filing reports 0 shares with sole voting power and 0 shares with sole dispositive power; voting and dispositive power are shared.
Are the ZLAB shares held for Wellington's clients or the firm?
The securities are owned of record by clients of the Wellington Investment Advisers and are held in the ordinary course of business.
Does any Wellington client hold more than 5% of Zai Lab according to the filing?
No. The filing states no client is known to have the right to receive dividends or proceeds with respect to more than 5% of the class.
When was the Schedule 13G/A signed and who signed it?
The filing is signed by Taisia Lowe, Regulatory Analyst, on 08/12/2025.
Wellington Management Group LLP
Wellington Group Holdings LLP
Wellington Investment Advisors Holdings LLP
(b)
Address or principal business office or, if none, residence:
c/o Wellington Management Company LLP, 280 Congress Street, Boston MA 02210
(c)
Citizenship:
Wellington Management Group LLP - Massachusetts
Wellington Group Holdings LLP - Delaware
Wellington Investment Advisors Holdings LLP - Delaware
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
G9887T116
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See the responses to Item 9 on the attached cover pages.
(b)
Percent of class:
4.51 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
See the responses to Item 6 on the attached cover pages.
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
See the responses to Item 8 on the attached cover pages.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The securities as to which this Schedule is filed are owned of record by clients of one or more investment advisers identified in Item 7 directly or indirectly owned by Wellington Management Group LLP. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities, except as follows:
Not Applicable.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Pursuant to the instructions in Item 7 of Schedule 13G, the following lists the identity and Item 3 classification of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G.
Wellington Group Holdings LLP - HC
Wellington Investment Advisors LLP - HC
Wellington Management Global Holdings, Ltd. - HC
One or more of the following investment advisers (the "Wellington Investment Advisers"):
Wellington Management Company LLP - IA
Wellington Management Canada LLC - IA
Wellington Management Singapore Pte Ltd - IA
Wellington Management Hong Kong Ltd - IA
Wellington Management International Ltd - IA
Wellington Management Japan Pte Ltd - IA
Wellington Management Australia Pty Ltd - IA
The securities as to which this Schedule is filed by Wellington Management Group LLP, as parent holding company of certain holding companies and the Wellington Investment Advisers, are owned of record by clients of the Wellington Investment Advisers. Wellington Investment Advisors Holdings LLP controls directly, or indirectly through Wellington Management Global Holdings, Ltd., the Wellington Investment Advisers. Wellington Investment Advisors Holdings LLP is owned by Wellington Group Holdings LLP. Wellington Group Holdings LLP is owned by Wellington Management Group LLP.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
