ZENAS BIOPHARMA INC

Ticker: ZBIO CUSIP: 98937L105 Class: Common Stock

GAMMA Investing LLC's Holding History (CIK: 0002010235)

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

Q4 2025

Shares 179 Value ($000) $6 Avg Close $32.89 Range $18.33 - $44.60

Q3 2025

Shares 183 Value ($000) $4 Avg Close $16.28 Range $8.91 - $22.45

Q2 2025

Shares 79 Value ($000) $1 Avg Close $9.74 Range $6.11 - $12.56

Q1 2025

Shares 41 Value ($000) $0 Avg Close $7.83 Range $5.83 - $10.95

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	179	$6	$32.89	$18.33 - $44.60
Q3 2025	183	$4	$16.28	$8.91 - $22.45
Q2 2025	79	$1	$9.74	$6.11 - $12.56
Q1 2025	41	$0	$7.83	$5.83 - $10.95