ZENAS BIOPHARMA INC

Ticker: ZBIO CUSIP: 98937L105 Class: Common Stock

Pivotal bioVenture Partners Investment Advisor LLC's Holding History (CIK: 0001844645)

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

Q4 2025

Shares 591,991 Value ($000) $21,495 Avg Close $32.89 Range $18.33 - $44.60

Q3 2025

Shares 779,045 Value ($000) $17,295 Avg Close $16.28 Range $8.91 - $22.45

Q2 2025

Shares 779,045 Value ($000) $7,549 Avg Close $9.74 Range $6.11 - $12.56

Q1 2025

Shares 736,645 Value ($000) $5,819 Avg Close $7.83 Range $5.83 - $10.95

Q4 2024

Shares 736,645 Value ($000) $6,033 Avg Close $15.60 Range $7.79 - $26.25

Q3 2024

Shares 650,695 Value ($000) $11,010 Avg Close $17.98 Range $16.35 - $20.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	591,991	$21,495	$32.89	$18.33 - $44.60
Q3 2025	779,045	$17,295	$16.28	$8.91 - $22.45
Q2 2025	779,045	$7,549	$9.74	$6.11 - $12.56
Q1 2025	736,645	$5,819	$7.83	$5.83 - $10.95
Q4 2024	736,645	$6,033	$15.60	$7.79 - $26.25
Q3 2024	650,695	$11,010	$17.98	$16.35 - $20.50