Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

Jade Biosciences, Inc. (JBIO)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$9,799,759
Tom Frohlich total, FY2025
85th
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against JBIO
No companies currently name JBIO as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Tom Frohlich$621,970$0$0$8,779,876$397,913$0$0$9,799,759
Chief Executive Officer, President and Director
Andrew King507,301003,775,903258,600004,541,804
President, Research and Development
Bradford Dahms233,013003,781,940113,60003,4384,131,991
Chief Financial Officer
Timothy Noyes213,767000001,600,7161,814,483
Former Chief Executive Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Tom Frohlich$9,799,759$1,364,396+8,435,363
Andrew King4,541,804751,605+3,790,199
Bradford Dahms4,131,991
Timothy Noyes1,814,4833,391,536−1,577,053

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Andrew KingRSU229,907$3,547,465
Andrew KingRSU8,625133,084
Tom FrohlichOption817,6436.03
Tom FrohlichOption779,9346.03
Tom FrohlichOption659,5500.96
Andrew KingOption184,1476.03
Andrew KingOption552,7096.03
Andrew KingOption123,6001.46
Bradford DahmsOption526,0009
05

Incentive-plan design — the Compensation Discussion & Analysis

The company's compensation program is designed to align the interests of executive officers and stockholders by making a significant portion of compensation 'at risk' based on performance, including short-term cash incentives and long-term equity incentives. The program is weighted toward long-term incentive compensation to discourage short-term risk taking and utilizes multi-year vesting requirements consistent with market practice and retention objectives.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantAlpine Rewards
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Eric Dobmeier, J.DIndependent · Audit · Nominating and Corporate Governance$55,688$171,247$0$226,935
Erin LavelleIndependent · Audit (Chair) · Compensation41,175171,2470212,422
Lawrence Klein, Ph.DIndependent · Audit · Nominating and Corporate Governance (Chair)38,812171,2470210,059
Lawrence KleinIndependent38,812171,2470210,059
Tomas KiselakIndependent · Compensation (Chair)35,100171,2470206,347
Chris CainIndependent34,425171,2470205,672
Christopher Cain, Ph.DIndependent · Compensation · Nominating and Corporate Governance34,425171,2470205,672
Mark IwickiIndependent · Departed during FY26,2500026,250
Allison DorvalIndependent · Departed during FY25,0000025,000
Habib J. DableIndependent · Departed during FY21,2500021,250
Joshua Resnick, M.DIndependent · Departed during FY19,5000019,500
David Grayzel, M.DIndependent · Departed during FY10,7500010,750
Donald J. SantelIndependent · Departed during FY9,750009,750
Tom FrohlichEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 12,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$390,937
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$390,937

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Jade Biosciences, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Jade Biosciences, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Janux Therapeutics, Inc.2025David Campbell$680,000$0$12,459,031$367,200$13,506,231
2Dianthus Therapeutics, Inc.2025Marino Garcia630,00009,450,952519,75010,614,702
3Jade Biosciences, Inc.2025Tom Frohlich621,97008,779,876397,9139,799,759
4CARGO Therapeutics, Inc.2024Gina Chapman630,80008,155,520363,8009,300,120
5Kymera Therapeutics, Inc.2025Nello Mainolfi693,00007,318,859519,7508,545,609
6Spyre Therapeutics, Inc.2025Cameron Turtle665,00005,552,886475,4756,707,361
7Astria Therapeutics, Inc.2024Jill Milne637,86805,637,078318,9346,604,416
8Pliant Therapeutics, Inc.2025Bernard Coulie682,0001,810,2502,713,750204,6005,462,901
9Upstream Bio, Inc.2025E. Rand Sutherland650,00003,300,350341,2504,302,100
10Lyell Immunopharma, Inc.2025Lynn Seely690,173186,8062,907,551414,0004,222,265
11Prime Medicine, Inc.2025Allan Reine606,21202,828,798402,0003,894,187
12Entrada Therapeutics, Inc.2025Dipal Doshi635,0001,387,4281,452,059349,2503,837,737
13Contineum Therapeutics, Inc.2025Carmine Stengone655,62002,291,640450,7393,409,448
14Oruka Therapeutics, Inc.2025Lawrence Klein624,00002,275,390446,1603,356,050
15Kyverna Therapeutics, Inc.2025Warner Biddle625,0000543,804468,7501,814,980
Alumis Inc.not in coverage universe
ACELYRIN, Inc.not in coverage universe
Apogee Therapeutics, Inc.not in coverage universe
Third Harmonic Bio, Inc.not in coverage universe
Zenas BioPharma, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Jade Biosciences, Inc.not disclosedOption 100not disclosedAlpine Rewards
ACELYRIN, Inc.not disclosednot disclosednot disclosednot disclosed
Alumis Inc.not disclosednot disclosednot disclosednot disclosed
Apogee Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Astria Therapeutics, Inc.not disclosedOptions 100not disclosedAon
CARGO Therapeutics, Inc.not disclosedOptions 100not disclosedAlpine Rewards, LLC
Contineum Therapeutics, Inc.not disclosedOption 100not disclosednot disclosed
Dianthus Therapeutics, Inc.not disclosedOption 100not disclosedAlpine Rewards, LLC
Entrada Therapeutics, Inc.not disclosednot disclosedNoPay Governance
Janux Therapeutics, Inc.90%not disclosednot disclosedFW Cook
Kymera Therapeutics, Inc.125%not disclosedNoAlpine Rewards
Kyverna Therapeutics, Inc.not disclosedOption 100not disclosedAon plc
Lyell Immunopharma, Inc.100%not disclosedNoAlpine
Oruka Therapeutics, Inc.not disclosednot disclosednot disclosedAlpine Rewards LLC
Pliant Therapeutics, Inc.50%Options 67 · RSU 33not disclosedAlpine Rewards
Prime Medicine, Inc.120%Options 100not disclosedAlpine Rewards
Spyre Therapeutics, Inc.130%Options 100not disclosedAlpine Rewards
Third Harmonic Bio, Inc.not disclosednot disclosednot disclosednot disclosed
Upstream Bio, Inc.52.5%Options 100not disclosedAlpine Rewards
Zenas BioPharma, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Tom FrohlichDEF 14A2026-04-280001193125-26-187059Section “SUMMARY COMPENSATION TABLE”. As printed: 9,799,759. Filing ↗machine: r2 · c23 · span 401361–401370
2Section 01, Andrew KingDEF 14A2026-04-280001193125-26-187059Section “SUMMARY COMPENSATION TABLE”. As printed: 4,541,804. Filing ↗machine: r4 · c23 · span 406661–406670
3Section 01, Bradford DahmsDEF 14A2026-04-280001193125-26-187059Section “SUMMARY COMPENSATION TABLE”. As printed: 4,131,991. Filing ↗machine: r6 · c23 · span 411876–411885
4Section 01, Timothy NoyesDEF 14A2026-04-280001193125-26-187059Section “SUMMARY COMPENSATION TABLE”. As printed: 1,814,483. Filing ↗machine: r8 · c23 · span 416137–416146
5Section 08, Eric Dobmeier, J.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 226,935. Filing ↗
6Section 08, Erin LavelleDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 212,422. Filing ↗
7Section 08, Lawrence Klein, Ph.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 210,059. Filing ↗
8Section 08, Lawrence KleinDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 210,059. Filing ↗
9Section 08, Tomas KiselakDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 206,347. Filing ↗
10Section 08, Chris CainDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 205,672. Filing ↗
11Section 08, Christopher Cain, Ph.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 205,672. Filing ↗
12Section 08, Mark IwickiDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 26,250. Filing ↗
13Section 08, Allison DorvalDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 25,000. Filing ↗
14Section 08, Habib J. DableDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 21,250. Filing ↗
15Section 08, Joshua Resnick, M.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 19,500. Filing ↗
16Section 08, David Grayzel, M.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 10,750. Filing ↗
17Section 08, Donald J. SantelDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 9,750. Filing ↗
18Section 08, Tom FrohlichDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 0. Filing ↗
19Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 09b board cost (computed)ComputedcomputedCash 390,937 + equity 0 + all other 0 = 390,937, summed across the director compensation table rows.machine: formula: Σ = 390,937
21Janux Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-280001193125-26-187095CEO total compensation as printed in Janux Therapeutics, Inc.'s own proxy. As printed: 13,506,231. Filing ↗machine: r2 · c22 · span 571399–571409
22Dianthus Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-090001690585-26-000012CEO total compensation as printed in Dianthus Therapeutics, Inc.'s own proxy. As printed: 10,614,702. Filing ↗machine: r2 · c25 · span 382326–382336
23Jade Biosciences, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-280001193125-26-187059CEO total compensation as printed in Jade Biosciences, Inc.'s own proxy. As printed: 9,799,759. Filing ↗machine: r2 · c23 · span 401361–401370
24CARGO Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-290001193125-25-103786CEO total compensation as printed in CARGO Therapeutics, Inc.'s own proxy. As printed: 9,300,120. Filing ↗machine: r2 · c31 · span 289578–289587
25Kymera Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191495CEO total compensation as printed in Kymera Therapeutics, Inc.'s own proxy. As printed: 8,545,609. Filing ↗machine: r2 · c14 · span 676137–676146
26Spyre Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-100001636282-26-000039CEO total compensation as printed in Spyre Therapeutics, Inc.'s own proxy. As printed: 6,707,361. Filing ↗machine: r2 · c48 · span 393018–393027
27Astria Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-280001104659-25-040180CEO total compensation as printed in Astria Therapeutics, Inc.'s own proxy. As printed: 6,604,416. Filing ↗machine: r1 · c35 · span 327451–327460
28Pliant Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-220001746473-26-000076CEO total compensation as printed in Pliant Therapeutics, Inc.'s own proxy. As printed: 5,462,901. Filing ↗machine: r2 · c48 · span 436933–436942
29Upstream Bio, Inc., Section 10b CEO totalDEF 14A2026-04-160001193125-26-158966CEO total compensation as printed in Upstream Bio, Inc.'s own proxy. As printed: 4,302,100. Filing ↗machine: r2 · c24 · span 433625–433634
30Lyell Immunopharma, Inc., Section 10b CEO totalDEF 14A2026-04-240001140361-26-016686CEO total compensation as printed in Lyell Immunopharma, Inc.'s own proxy. As printed: 4,222,265. Filing ↗machine: r2 · c24 · span 450163–450172
31Prime Medicine, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026697CEO total compensation as printed in Prime Medicine, Inc.'s own proxy. As printed: 3,894,187. Filing ↗machine: r2 · c42 · span 285179–285188
32Entrada Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-240001689375-26-000021CEO total compensation as printed in Entrada Therapeutics, Inc.'s own proxy. As printed: 3,837,737. Filing ↗machine: t12 · r2 · c14 · span 336891–336900
33Contineum Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-300001628280-26-028881CEO total compensation as printed in Contineum Therapeutics, Inc.'s own proxy. As printed: 3,409,448. Filing ↗machine: span 271162–271171
34Oruka Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-170001213900-26-045159CEO total compensation as printed in Oruka Therapeutics, Inc.'s own proxy. As printed: 3,356,050. Filing ↗machine: r1 · c12 · span 534154–534163
35Kyverna Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-130001193125-26-152835CEO total compensation as printed in Kyverna Therapeutics, Inc.'s own proxy. As printed: 1,814,980. Filing ↗machine: r2 · c26 · span 547940–547949
36Section 10a, Janux Therapeutics, Inc. reciprocityDEF 14A0001193125-26-187095Janux Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
37Section 10a, Spyre Therapeutics, Inc. reciprocityDEF 14A0001636282-26-000039Spyre Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
38Section 10a, Astria Therapeutics, Inc. reciprocityDEF 14A0001104659-25-040180Astria Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
39Section 10a, Kymera Therapeutics, Inc. reciprocityDEF 14A0001193125-26-191495Kymera Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
40Section 10a, Contineum Therapeutics, Inc. reciprocityDEF 14A0001628280-26-028881Contineum Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
41Section 10a, Dianthus Therapeutics, Inc. reciprocityDEF 14A0001690585-26-000012Dianthus Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
42Section 10a, Oruka Therapeutics, Inc. reciprocityDEF 14A0001213900-26-045159Oruka Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
43Section 10a, Pliant Therapeutics, Inc. reciprocityDEF 14A0001746473-26-000076Pliant Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗