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Zenas BioPharma Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

1. Zenas BioPharma granted stock options to new officers, enhancing leadership strength. 2. Lisa von Moltke and Haley Laken received 400,000 and 250,000 stock options respectively. 3. The option exercise price is set at $8.72, reflecting current market price. 4. Grants vest over four years, fostering long-term commitment from new executives. 5. Obexelimab targets autoimmune diseases, aiming for significant clinical benefit.

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Why Bullish?

The addition of experienced leaders signals potential for innovation and success. Similar past executive hires have positively influenced other biopharma stocks, showing a correlation between leadership quality and market performance.

How important is it?

The article reveals strategic actions that support ZBIO's growth aspirations. The recruitment of high-caliber talent is integral to achieving their therapeutic goals, which may attract investor confidence.

Why Long Term?

Executive grants typically take time to translate into performance. Historical cases show that strategic leadership additions lead to improved operational outcomes over a multi-year horizon.

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April 17, 2025 16:20 ET  | Source: Zenas BioPharma WALTHAM, Mass., April 17, 2025 (GLOBE NEWSWIRE) -- Zenas BioPharma, Inc. (“Zenas” or the “Company”) (Nasdaq: ZBIO), a clinical-stage global biopharmaceutical company committed to being a leader in the development and commercialization of therapies for autoimmune diseases, today announced that on April 15, 2025 (the “Grant Date”), the Compensation Committee of the Company’s Board of Directors (the “Committee”) granted non-qualified stock options to two newly hired officers of the Company, each as an inducement material to each officer’s entry into employment with the Company, in accordance with Nasdaq Listing Rule 5635(c)(4). The Committee granted a non-qualified stock option to purchase 400,000 shares of the Company’s common stock to Lisa von Moltke, M.D., who was recently appointed to the role of Head of Research and Development and Chief Medical Officer (the “CMO Inducement Grant”). In addition, the Committee granted a non-qualified stock option to purchase 250,000 shares of the Company’s common stock to Haley Laken, Ph.D., the Company’s new Chief Scientific Officer (the “CSO Inducement Grant”). The CMO Inducement Grant and the CSO Inducement Grant (the “Grants”) each have a ten-year term and an exercise price per share of $8.72, which is equal to the closing price of Zenas’ common stock on the Grant Date. The Grants will vest over a four-year period, with 25% of the shares vesting on the one-year anniversary of the officer’s first day of employment with the Company, and thereafter the remainder of the option will vest in 36 equal monthly installments, subject to the officer’s continued service with Zenas through the applicable vesting dates. Each Grant was granted pursuant to, and is subject to, the terms and conditions of an Inducement Option Award Agreement. About Zenas BioPharma, Inc.Zenas is a clinical-stage global biopharmaceutical company committed to becoming a leader in the development and commercialization of transformative therapies for patients with autoimmune diseases. Our core business strategy combines our experienced leadership team with a disciplined product candidate acquisition approach to identify, acquire and develop product candidates globally that we believe can provide superior clinical benefits to patients living with autoimmune diseases. Zenas’ lead product candidate, obexelimab, is a bifunctional monoclonal antibody designed to bind both CD19 and FcγRIIb, which are broadly present across B cell lineage, to inhibit the activity of cells that are implicated in many autoimmune diseases without depleting them. We believe that obexelimab’s unique mechanism of action and self-administered, subcutaneous injection regimen may broadly and effectively address the pathogenic role of B cell lineage in chronic autoimmune disease. For more information about Zenas BioPharma, please visit www.zenasbio.com and follow us on LinkedIn. The Zenas BioPharma word mark, logo mark, and the “lightning bolt” design are trademarks of Zenas BioPharma, Inc. or its affiliated companies. All rights reserved. Investor and Media Contact:Argot PartnersZenas@argotpartners.com

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