Leon O. Moulder Jr - Oct 7, 2025 Form 4 Insider Report for Zenas BioPharma, Inc. (ZBIO)

Signature
By: /s/ Jeffrey Held, Attorney-in-Fact
Stock symbol
ZBIO
Transactions as of
Oct 7, 2025
Transactions value $
$769,949
Form type
4
Date filed
10/9/2025, 05:24 PM
Previous filing
Jun 23, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MOULDER LEON O JR Chief Executive Officer, Director C/O ZENAS BIOPHARMA, INC., 852 WINTER ST., SUITE 250, WALTHAM By: /s/ Jeffrey Held, Attorney-in-Fact 2025-10-09 0001228865

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZBIO Common Stock Purchase $770K +36.9K $20.85 36.9K Oct 7, 2025 See Footnote F1, F2
holding ZBIO Common Stock 1.67M Oct 7, 2025 See Footnote F3
holding ZBIO Common Stock 266K Oct 7, 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 7, 2025, the Leon O. Moulder, Jr. Revocable Trust U/A dtd 9/9/2008 (the "Trust"), of which the reporting person is a Trustee, entered into a Securities Purchase Agreement, dated as of October 7, 2025, by and among the Issuer and the investors party thereto, pursuant to which the Trust acquired 36,928 shares of common stock at a purchase price of $20.85 per share.
F2 The reporting person is a Trustee of the Trust and may be deemed to have voting and dispositive power over the shares held by the Trust. The reporting person is the Issuer's chief executive officer and Chairman of its board of directors. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 The reporting person is the Managing Member of Tellus BioVentures LLC ("Tellus") and may be deemed to have voting and dispositive power over the shares held by Tellus. The reporting person is the Issuer's chief executive officer and Chairman of its board of directors. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Remarks:

Chief Executive Officer