Pichi Luo Chiang - 01 Apr 2025 Form 3 Insider Report for Kezar Life Sciences, Inc. (KZR)

Role: SVP, Corporate Controller
Signature: /s/ Marc Belsky, Attorney-in-Fact
Issuer symbol: KZR
Transactions as of: 01 Apr 2025
Net transactions value: $0
Form type: 3
Filing time: 16 Apr 2025, 16:41:19 UTC
Next filing: 03 Jul 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KZR	Common Stock						2,975	01 Apr 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	2,052	$22.80	Direct	F2
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	599	$22.80	Direct	F2
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	1,199	$22.80	Direct	F2
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	2,401	$22.80	Direct	F2
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	2,499	$22.80	Direct	F2
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	2,899	$22.80	Direct	F2
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	2,899	$22.80	Direct	F3
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	4,999	$22.80	Direct	F4
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	7,999	$22.80	Direct	F5
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	10,000	$9.30	Direct	F6
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	12,500	$6.30	Direct	F7
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	7,500	$6.30	Direct	F2
holding	KZR	Employee Stock Option (right to buy)							01 Apr 2025	Common Stock	17,500	$6.58	Direct	F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 700 restricted stock units ("RSUs"). The RSUs will vest on July 1, 2025, subject to the Reporting Person continuing to provide service through each such date.
F2	Fully vested.
F3	One forty-eighth (1/48th) of the shares vested or shall vest on a monthly basis commencing on July 1, 2021, subject to the Reporting Person continuing to provide service through each such date.
F4	One forty-eighth (1/48th) of the shares vested or shall vest on a monthly basis commencing on January 5, 2022, subject to the Reporting Person continuing to provide service through each such date.
F5	One forty-eighth (1/48th) of the shares vested or shall vest on a monthly basis commencing on January 8, 2023, subject to the Reporting Person continuing to provide service through each such date.
F6	One forty-eighth (1/48th) of the shares vested or shall vest on a monthly basis commencing on January 7, 2024, subject to the Reporting Person continuing to provide service through each such date.
F7	One forty-eighth (1/48th) of the shares vested or shall vest on a monthly basis commencing on July 1, 2024, subject to the Reporting Person continuing to provide service through each such date.
F8	One forty-eighth (1/48th) of the shares vested or shall vest on a monthly basis commencing on January 9, 2025, subject to the Reporting Person continuing to provide service through each such date.