QUODD

Insider Transactions last 24 months for Zenas BioPharma, Inc. - NSDQ: ZBIO

Transactions
All	Buy	Sell	Option Exercise

Filer's Name	Relationship/ Title	Trans. Date	Trans. Type	Ownership Type	Security Type	Shares	Price	Trans. Value	Total Shares Owned
Lu Hongbo	Director	03/31/2026	AP	Indirect	COM	75,000	$20.00	$1,500,000.00	422,968
Moulder Leon O Jr	Chief Executive Officer	03/31/2026	AP	Indirect	COM	34,000	$19.31	$656,540.00	1,726,039
Moulder Leon O Jr	Chief Executive Officer	03/30/2026	AP	Indirect	COM	20,000	$18.23	$364,600.00	1,692,039
Allen Patricia L	Director	02/13/2026	AP	Direct	COM	4,160	$26.36	$109,657.60	19,860
Allen Patricia L	Director	02/12/2026	AP	Direct	COM	5,000	$26.50	$132,500.00	15,700
Allen Patricia L	Director	02/12/2026	AP	Direct	COM	5,700	$24.34	$138,738.00	10,700
Allen Patricia L	Director	02/12/2026	AP	Direct	COM	5,000	$23.77	$118,850.00	5,000
Lu Hongbo	Director	02/11/2026	AP	Indirect	COM	25,985	$22.50	$584,662.50	347,968
Moulder Leon O Jr	Chief Executive Officer	02/02/2026	AP	Direct	COM	57,000	$17.96	$1,023,720.00	423,155
Moulder Leon O Jr	Chief Executive Officer	01/09/2026	AP	Direct	COM	20,000	$16.55	$331,000.00	366,155
Moulder Leon O Jr	Chief Executive Officer	01/08/2026	AP	Direct	COM	30,000	$16.30	$489,000.00	346,155
Moulder Leon O Jr	Chief Executive Officer	01/07/2026	AP	Direct	COM	50,000	$16.38	$819,000.00	316,155
Enright Patrick G	Director	10/09/2025	AP	Direct	COM	11,990	$20.85	$249,991.50	11,990
Enright Patrick G	Director	10/09/2025	AP	Indirect	COM	105,265	$19.00	$2,000,035.00	1,832,669
Sr One Capital Management, Llc	Other	10/09/2025	AP	Indirect	COM	63,157	$19.00	$1,199,983.00	1,917,895
Sr One Capital Management, Llc	Other	10/09/2025	AP	Indirect	COM	63,158	$19.00	$1,200,002.00	1,173,395
Nunn Jason Raleigh	Director	10/09/2025	AP	Indirect	COM	63,158	$19.00	$1,200,002.00	1,173,395
Lu Hongbo	Director	10/07/2025	AP	Indirect	COM	263,160	$19.00	$5,000,040.00	321,983
Fairmount Funds Management Llc	Director	10/07/2025	AP	Indirect	COM	316,219	$19.00	$6,008,161.00	2,209,025
Moulder Leon O Jr	See Remarks	10/07/2025	AP	Indirect	COM	36,928	$20.85	$769,948.80	36,928
Moulder Leon O Jr	Chief Executive Officer	02/18/2025	AP	Direct	COM	25,000	$6.67	$166,750.00	266,155
Xiao Ting	Director	02/07/2025	AP	Direct	COM	10,000	$7.76	$77,600.00	47,000
Moulder Leon O Jr	Chief Executive Officer	12/04/2024	AP	Direct	COM	45,000	$9.98	$449,100.00	241,155
Moulder Leon O Jr	Chief Executive Officer	12/03/2024	AP	Direct	COM	25,000	$10.76	$269,000.00	196,155
Moulder Leon O Jr	Chief Executive Officer	11/19/2024	AP	Direct	COM	2,500	$14.57	$36,425.00	171,155

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Transaction Type Key First letter: A = Acquired, D = Disposed Second letter: A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security \| D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) \| E = Expiration of short derivative position \| F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. \| G = Gift \| H = Expiration (or cancellation) of long derivative position with value received \| I = Discretionary transaction in accordance with Rule 16b-3(f) \| J = Other \| L = Small acquisition under Rule 16a-6 \| M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 \| O = Exercise of out-of-the-money derivative security \| P = Open market or private purchase \| S = Open market or private sale \| U = Disposition pursuant to a tender of shares in a change of control transaction \| W = Acquisition or disposition by will or the laws of descent and distribution \| X = Exercise of in-the-money or at-the-money derivative security \| Z = Deposit into or withdrawal from voting trust		Send to Excel

Transaction Type Key
First letter: A = Acquired, D = Disposed
Second letter:
A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security | D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) | E = Expiration of short derivative position | F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. | G = Gift | H = Expiration (or cancellation) of long derivative position with value received | I = Discretionary transaction in accordance with Rule 16b-3(f) | J = Other | L = Small acquisition under Rule 16a-6 | M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | O = Exercise of out-of-the-money derivative security | P = Open market or private purchase | S = Open market or private sale | U = Disposition pursuant to a tender of shares in a change of control transaction | W = Acquisition or disposition by will or the laws of descent and distribution | X = Exercise of in-the-money or at-the-money derivative security | Z = Deposit into or withdrawal from voting trust

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