ZENAS BIOPHARMA INC

Ticker: ZBIO CUSIP: 98937L105 Class: Common Stock

NVP Associates, LLC's Holding History (CIK: 0001545692)

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

Q4 2025

Shares 1,838,482 Value ($000) $66,755 Avg Close $32.89 Range $18.33 - $44.60

Q3 2025

Shares 1,838,482 Value ($000) $40,814 Avg Close $16.28 Range $8.91 - $22.45

Q2 2025

Shares 1,838,482 Value ($000) $17,815 Avg Close $9.74 Range $6.11 - $12.56

Q1 2025

Shares 1,838,482 Value ($000) $14,524 Avg Close $7.83 Range $5.83 - $10.95

Q4 2024

Shares 1,838,482 Value ($000) $15,057 Avg Close $15.60 Range $7.79 - $26.25

Q3 2024

Shares 1,838,482 Value ($000) $31,107 Avg Close $17.98 Range $16.35 - $20.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,838,482	$66,755	$32.89	$18.33 - $44.60
Q3 2025	1,838,482	$40,814	$16.28	$8.91 - $22.45
Q2 2025	1,838,482	$17,815	$9.74	$6.11 - $12.56
Q1 2025	1,838,482	$14,524	$7.83	$5.83 - $10.95
Q4 2024	1,838,482	$15,057	$15.60	$7.79 - $26.25
Q3 2024	1,838,482	$31,107	$17.98	$16.35 - $20.50