ZENAS BIOPHARMA INC

Ticker: ZBIO CUSIP: 98937L105 Class: Common Stock

MORGAN STANLEY's Holding History (CIK: 0000895421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 128,335 Value ($000) $4,660 Avg Close $32.89 Range $18.33 - $44.60

Q3 2025

Shares 88,733 Value ($000) $1,970 Avg Close $16.28 Range $8.91 - $22.45

Q2 2025

Shares 124,301 Value ($000) $1,204 Avg Close $9.74 Range $6.11 - $12.56

Q1 2025

Shares 77,910 Value ($000) $615 Avg Close $7.83 Range $5.83 - $10.95

Q4 2024

Shares 358,212 Value ($000) $2,934 Avg Close $15.60 Range $7.79 - $26.25

Q3 2024

Shares 51,050 Value ($000) $864 Avg Close $17.98 Range $16.35 - $20.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	128,335	$4,660	$32.89	$18.33 - $44.60
Q3 2025	88,733	$1,970	$16.28	$8.91 - $22.45
Q2 2025	124,301	$1,204	$9.74	$6.11 - $12.56
Q1 2025	77,910	$615	$7.83	$5.83 - $10.95
Q4 2024	358,212	$2,934	$15.60	$7.79 - $26.25
Q3 2024	51,050	$864	$17.98	$16.35 - $20.50