ZENAS BIOPHARMA INC

Ticker: ZBIO CUSIP: 98937L105 Class: Common Stock

Birchview Capital, LP's Holding History (CIK: 0001618205)

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

Q3 2025

Shares 16,500 Value ($000) $366 Avg Close $16.28 Range $8.91 - $22.45

Q2 2025

Shares 16,500 Value ($000) $160 Avg Close $9.74 Range $6.11 - $12.56

Q1 2025

Shares 16,500 Value ($000) $130 Avg Close $7.83 Range $5.83 - $10.95

Q4 2024

Shares 16,500 Value ($000) $135 Avg Close $15.60 Range $7.79 - $26.25

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	16,500	$366	$16.28	$8.91 - $22.45
Q2 2025	16,500	$160	$9.74	$6.11 - $12.56
Q1 2025	16,500	$130	$7.83	$5.83 - $10.95
Q4 2024	16,500	$135	$15.60	$7.79 - $26.25