ZBIO Zenas BioPharma, Inc.

NASDAQ
$31.91

Zenas BioPharma, Inc. (ZBIO) Insider Activity

What the officers, directors and large holders did with their own shares. Only open-market purchases and sales count toward the totals — grants, option exercises and shares withheld for tax are compensation mechanics, not decisions, and they're listed separately below.

Insider signal Bullish Insiders bought more than they sold over this window — uncommon at any size.
Cluster activity 0 buyers in the last 30 days 0 buyers in the last 90 days 0 sellers in the last 90 days
Insiders buying
6
25 transactions
Insiders selling
0
0 transactions
Purchases
$29.0M
1,528,648 shares
Sales
$0
0 shares
Net activity
$29.0M
purchases less sales

Where they traded

Buy Sell Dot area is proportional to transaction value.

Last open-market purchase: May 18, 2026 , by MOULDER LEON O JR .

Recent open-market activity

Date Insider Role Action Shares Price Value Held after
MOULDER LEON O JR Chief Executive Officer Buy 60,000 $16.88 $1.0M 96,928
MOULDER LEON O JR Chief Executive Officer Buy 35,000 $17.62 $616.7K 1,786,039
MOULDER LEON O JR Chief Executive Officer Buy 25,000 $18.02 $450.5K 1,751,039
Buy 150,000 $20.00 $3.0M 2,359,025
Lu Hongbo 2 fills Director Buy 78,768 $19.93 $1.6M 426,736
MOULDER LEON O JR Chief Executive Officer Buy 34,000 $19.31 $656.5K 1,726,039
MOULDER LEON O JR Chief Executive Officer Buy 20,000 $18.23 $364.6K 1,692,039
Allen Patricia L Director Buy 4,160 $26.36 $109.7K 19,860
Allen Patricia L 3 fills Director Buy 15,700 $24.85 $390.1K 15,700
Lu Hongbo Director Buy 25,985 $22.50 $584.7K 347,968
MOULDER LEON O JR Chief Executive Officer Buy 57,000 $17.96 $1.0M 423,155
MOULDER LEON O JR Chief Executive Officer Buy 20,000 $16.55 $331.0K 366,155
MOULDER LEON O JR Chief Executive Officer Buy 30,000 $16.30 $489.0K 346,155
MOULDER LEON O JR Chief Executive Officer Buy 50,000 $16.38 $819.0K 316,155
2 fills Buy 126,315 $19.00 $2.4M 1,917,895
ENRIGHT PATRICK G 2 fills Director Buy 117,255 $19.19 $2.3M 1,832,669
Nunn Jason Raleigh Director Buy 63,158 $19.00 $1.2M 1,173,395
Buy 316,219 $19.00 $6.0M 2,209,025
Lu Hongbo Director Buy 263,160 $19.00 $5.0M 321,983
MOULDER LEON O JR See Remarks Buy 36,928 $20.85 $769.9K 36,928

Form 4s are due within two business days of a transaction, so this is close to real time — unlike the quarterly 13F data on the Institutional tab. A single large sale often reflects a prearranged 10b5-1 plan rather than a fresh view, so read a pattern of sales rather than any one of them.