Zenas BioPharma, Inc.

NasdaqGS:ZBIO Stock Report

Market Cap: US$882.2m

Zenas BioPharma Management

Management criteria checks 0/4

Zenas BioPharma's CEO is Lonnie Moulder, appointed in Aug 2023, has a tenure of 2.17 years. total yearly compensation is $20.00M, comprised of 2.1% salary and 97.9% bonuses, including company stock and options. directly owns 0.63% of the company’s shares, worth $5.58M. The average tenure of the management team and the board of directors is 1.6 years and 2.9 years respectively.

Key information

Lonnie Moulder

Chief executive officer

US$20.0m

Total compensation

CEO salary percentage2.15%
CEO tenure2.2yrs
CEO ownership0.6%
Management average tenure1.6yrs
Board average tenure2.9yrs

Recent management updates

Recent updates

Zenas Biopharma: A Risky Buy On Upcoming Data Readouts In IgG4, MS

Jul 28

Here's Why We're Watching Zenas BioPharma's (NASDAQ:ZBIO) Cash Burn Situation

Jul 11
Here's Why We're Watching Zenas BioPharma's (NASDAQ:ZBIO) Cash Burn Situation

Is Zenas BioPharma (NASDAQ:ZBIO) In A Good Position To Invest In Growth?

Mar 13
Is Zenas BioPharma (NASDAQ:ZBIO) In A Good Position To Invest In Growth?

Zenas Bio: Recent IPO With Late-Stage Candidate

Oct 22

CEO Compensation Analysis

How has Lonnie Moulder's remuneration changed compared to Zenas BioPharma's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

-US$177m

Mar 31 2025n/an/a

-US$163m

Dec 31 2024US$20mUS$430k

-US$157m

Sep 30 2024n/an/a

-US$129m

Jun 30 2024n/an/a

-US$87m

Mar 31 2024n/an/a

-US$46m

Dec 31 2023US$3mUS$127k

-US$37m

Compensation vs Market: Lonnie's total compensation ($USD20.00M) is above average for companies of similar size in the US market ($USD3.56M).

Compensation vs Earnings: Lonnie's compensation has increased whilst the company is unprofitable.


CEO

Lonnie Moulder (68 yo)

2.2yrs
Tenure
US$19,998,016
Compensation

Mr. Leon Oliver Moulder, Jr. also known as Lonnie, is Chairman of the Board of Zenas BioPharma, Inc since 2020 and Chief Executive Officer since August 2023. Mr. Moulder, Jr., also known as Lonnie, M.B.A.,...


Leadership Team

NamePositionTenureCompensationOwnership
Leon Moulder
CEO & Chairman of the Board2.2yrsUS$20.00m0.63%
$ 5.6m
Joseph Farmer
COO & President3.7yrsUS$6.00m0%
$ 0
Jennifer Fox
Chief Business Officer & CFO1.8yrsUS$4.84m0%
$ 0
Orlando Oliveira
Chief Commercial Officer1.3yrsUS$5.89mno data
Haley Laken
Chief Scientific Officerless than a yearno datano data
Jeffrey Held
Chief Legal Officer1.1yrsno datano data
Caroline Chevalier
Chief Human Resources Officer1.6yrsno datano data
Tanya Fischer
Head of Research & Development and Chief Medical Officer.2yrsUS$1.72mno data
Lisa von Moltke
Head of Research & Development and Chief Medical Officerless than a yearno datano data
1.6yrs
Average Tenure
54.5yo
Average Age

Experienced Management: ZBIO's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Leon Moulder
CEO & Chairman of the Board5.8yrsUS$20.00m0.63%
$ 5.6m
Patrick Gerald Enright
Independent Director2.9yrsUS$494.98kno data
Jason Nunn
Independent Director1.4yrsUS$493.67kno data
Patricia L. Allen
Independent Director1.7yrsUS$564.41k0%
$ 0
John Orloff
Independent Director3.8yrsUS$511.50k0%
$ 0
Hongbo Lu
Independent Director2.9yrsUS$492.50k0.14%
$ 1.2m
James Boylan
Independent Director2.9yrsUS$494.98kno data
Tomas Kiselak
Independent Director5.1yrsUS$492.50kno data
2.9yrs
Average Tenure
60yo
Average Age

Experienced Board: ZBIO's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/03 14:09
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Zenas BioPharma, Inc. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yigal NochomovitzCitigroup Inc
Yatin SunejaGuggenheim Securities, LLC
Matthew CaufieldH.C. Wainwright & Co.