Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-11

Jade Biosciences, Inc. (JBIO)

CEO Tom Frohlich was paid $9,799,759 in fiscal year 2025, ↑ up 618.2% from fiscal year 2024, the 88th percentile of its disclosed peer group (SEC filing 0001193125-26-187059 ↗): 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
88th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
—
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Tom Frohlich (Chief Executive Officer, President and Director), FY2025 total compensation $9,799,759 (base salary $621,970) [exec_comp, SEC accession 0001193125-26-187059, filed 2026-04-28]

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JBIO's next annual pay disclosure, estimated April 28, 2027.est. Filing ↗

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 FY2024→2025
Tom Frohlich$9,799,759$1,364,396—↑ +8,435,363
Andrew King4,541,804751,605—↑ +3,790,199
Bradford Dahms4,131,991———
Timothy Noyes1,814,4833,391,5363,070,657↓ −1,577,053

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

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Companies that benchmark against JBIO
1 company names JBIO as a compensation peer

    Each company listed discloses JBIO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named JBIO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

    01c

    Board of directors

    One page per director: the seat, the committees and the fee table, read for one person at a time.

    DirectorRoleFY2025 total
    Allison DorvalFormer director (through FY2025)$25,000
    Chris CainIndependent Director$205,672
    Christopher Cain, Ph.DIndependent Director$205,672
    David Grayzel, M.DFormer director (through FY2025)$10,750
    Donald J. SantelFormer director (through FY2025)$9,750
    Eric Dobmeier, J.DIndependent Director$226,935
    Erin LavelleIndependent Director$212,422
    Habib J. DableFormer director (through FY2025)$21,250
    Joshua Resnick, M.DFormer director (through FY2025)$19,500
    Lawrence Klein, Ph.DIndependent Director$210,059
    Mark IwickiFormer director (through FY2025)$26,250
    Tomas KiselakIndependent Director$206,347
    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
    Tom FrohlichOption817,6436.03—
    Tom FrohlichOption779,9346.03—
    Tom FrohlichOption659,5500.96—
    Andrew KingOption184,1476.03—
    Bradford DahmsOption526,0009—
    Andrew KingRSU8,625—133,084
    Andrew KingOption552,7096.03—
    Andrew KingOption123,6001.46—
    05

    Incentive-plan design — the Compensation Discussion & Analysis

    The primary elements of compensation for our NEOs are base salary, annual bonuses and long-term incentive awards in the form of equity awards. The compensation program is weighted toward long-term incentive compensation to discourage short-term risk taking.

    CEO STI target (% of salary)—
    CEO LTI target (% of salary)—
    Independent consultantAlpine Rewards
    Clawback policytrue
    Anti-hedgingtrue
    Anti-pledgingtrue
    06

    Say-on-pay — recent advisory votes

    Meeting yearMeeting dateForAgainstAbstainSupportOutcome
    20262026-06-09—————
    20242024-06-05—————
    20232023-06-06—————
    20222022-06-21—————

    Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

    Say-on-pay — history, company's computation

    Meeting yearMeeting dateApproval — company's computation
    20262026-06-09—a
    20242024-06-05—b
    20232023-06-06—c

    a. Voting standard not stated in the filing.

    b. Voting standard not stated in the filing.

    c. Voting standard not stated in the filing.

    Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

    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) · Compensation41,175—171,247—0212,422
    Lawrence Klein, Ph.DIndependent · Audit · Nominating and Corporate Governance (Chair)38,812—171,247—0210,059
    Tomas KiselakIndependent · Compensation (Chair)35,100—171,247—0206,347
    Chris CainIndependent34,425—171,247—0205,672
    Christopher Cain, Ph.DIndependent · Compensation · Nominating and Corporate Governance34,425—171,247—0205,672
    Mark IwickiIndependent · Departed during FY26,250—0—026,250
    Allison DorvalIndependent · Departed during FY25,000—0—025,000
    Habib J. DableIndependent · Departed during FY21,250—0—021,250
    Joshua Resnick, M.DIndependent · Departed during FY19,500—0—019,500
    David Grayzel, M.DIndependent · Departed during FY10,750—0—010,750
    Donald J. SantelIndependent · Departed during FY9,750—0—09,750
    Tom FrohlichEmployee director—————0
    09

    Board fee structure and ownership guideline

    Annual cash retainer$40,000
    Annual equity retainer$35,000
    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$352,125
    Equity awards (grant-date value)$0
    All other compensation$0
    Total cost of the board$352,125

    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
    8Alumis Inc.2025Martin Babler680,83004,743,220524,2395,948,289
    9Pliant Therapeutics, Inc.2025Bernard Coulie682,0001,810,2502,713,750204,6005,462,901
    10Zenas BioPharma, Inc.2025Leon Moulder520,00003,769,200371,8004,661,000
    11Upstream Bio, Inc.2025E. Rand Sutherland650,00003,300,350341,2504,302,100
    12Lyell Immunopharma, Inc.2025Lynn Seely690,173186,8062,907,551414,0004,222,265
    13Prime Medicine, Inc.2025Allan Reine606,21202,828,798402,0003,894,187
    14Entrada Therapeutics, Inc.2025Dipal Doshi635,0001,387,4281,452,059349,2503,837,737
    15Contineum Therapeutics, Inc.2025Carmine Stengone655,62002,291,640450,7393,409,448
    16Oruka Therapeutics, Inc.2025Lawrence Klein624,00002,275,390446,1603,356,050
    17Kyverna Therapeutics, Inc.2025Warner Biddle625,0000543,804468,7501,814,980
    18Apogee Therapeutics, Inc.2025Michael Henderson700,00000591,5001,291,500
    —ACELYRIN, Inc.——————not in coverage universe
    —Third Harmonic Bio, 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 disclosednot disclosednot disclosedAlpine Rewards
    ACELYRIN, Inc.not disclosednot disclosednot disclosednot disclosed
    Alumis Inc.not disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
    Apogee Therapeutics, Inc.not disclosedOption 100not disclosedAlpine Rewards
    Astria Therapeutics, Inc.not disclosedOption 100not disclosedAon
    CARGO Therapeutics, Inc.not disclosedOptions 100not disclosedAlpine Rewards, LLC
    Contineum Therapeutics, Inc.not disclosedOption 100not disclosedAlpine
    Dianthus Therapeutics, Inc.not disclosednot disclosednot 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.not disclosedOption 66.67 · RSU 33.33not disclosedPearl Meyer; Alpine Rewards
    Prime Medicine, Inc.120%not disclosednot disclosedAlpine Rewards
    Spyre Therapeutics, Inc.130%Option 100not disclosedAlpine Rewards
    Third Harmonic Bio, Inc.not disclosednot disclosednot disclosednot disclosed
    Upstream Bio, Inc.52.5%Option 100not disclosedAlpine Rewards
    Zenas BioPharma, Inc.not disclosedOption 100not disclosedAlpine

    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.

    10d

    Frequently asked questions

    Who was the highest-paid executive at Jade Biosciences, Inc. in fiscal 2025?
    As disclosed, Tom Frohlich (Chief Executive Officer, President and Director) was the highest-paid executive at Jade Biosciences, Inc. in fiscal 2025, with total compensation of $9,799,759.
    How does Jade Biosciences, Inc.'s chief executive pay compare to its disclosed peer group?
    As disclosed, Tom Frohlich's total compensation ranked at the 88th percentile of Jade Biosciences, Inc.'s disclosed peer group.
    How much does Jade Biosciences, Inc. spend in total on board compensation for fiscal 2025?
    As disclosed, Jade Biosciences, Inc. reported total board compensation of $352,125 for fiscal 2025.

    Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

    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 ↗machine: span 544321–544377
    6Section 08, Erin LavelleDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 212,422. Filing ↗machine: span 552928–552984
    7Section 08, Lawrence Klein, Ph.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 210,059. Filing ↗machine: span 550755–550811
    8Section 08, Tomas KiselakDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 206,347. Filing ↗machine: span 548623–548679
    9Section 08, Chris CainDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 205,672. Filing ↗machine: span 546449–546505
    10Section 08, Christopher Cain, Ph.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 205,672. Filing ↗
    11Section 08, Mark IwickiDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 26,250. Filing ↗machine: span 560504–560545
    12Section 08, Allison DorvalDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 25,000. Filing ↗machine: span 556064–556105
    13Section 08, Habib J. DableDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 21,250. Filing ↗machine: span 553847–553888
    14Section 08, Joshua Resnick, M.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 19,500. Filing ↗machine: span 562731–562772
    15Section 08, David Grayzel, M.DDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 10,750. Filing ↗machine: span 558290–558331
    16Section 08, Donald J. SantelDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 9,750. Filing ↗machine: span 564950–564990
    17Section 08, Tom FrohlichDEF 14A2026-04-280001193125-26-187059Section “Director Compensation”. As printed: 0. Filing ↗
    18Section 06, 2026 voteForm 8-K2026-06-110001193125-26-267640Item 5.07 · say-on-pay result. As reported: —. Filing ↗
    19Section 06, 2024 voteForm 8-K2024-06-070001798749-24-000033Item 5.07 · say-on-pay result. As reported: —. Filing ↗
    20Section 06, 2023 voteForm 8-K2023-06-080001798749-23-000042Item 5.07 · say-on-pay result. As reported: —. Filing ↗
    21Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
    22Section 09b board cost (computed)Computed——Cash 352,125 + equity 0 + all other 0 = 352,125, summed across the director compensation table rows.machine: formula: Σ = 352,125
    23Janux 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
    24Dianthus 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
    25Jade 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
    26CARGO 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
    27Kymera 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
    28Spyre 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
    29Astria 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
    30Alumis Inc., Section 10b CEO totalDEF 14A2026-05-180001104659-26-063223CEO total compensation as printed in Alumis Inc.'s own proxy. As printed: 5,948,289. Filing ↗machine: r1 · c29 · span 406891–406900
    31Pliant 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
    32Zenas BioPharma, Inc., Section 10b CEO totalDEF 14A2026-03-160001104659-26-028062CEO total compensation as printed in Zenas BioPharma, Inc.'s own proxy. As printed: 4,661,000. Filing ↗machine: r1 · c41 · span 360346–360355
    33Upstream 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
    34Lyell 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
    35Prime 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
    36Entrada 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
    37Contineum 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
    38Oruka 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
    39Kyverna 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
    40Apogee Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177342CEO total compensation as printed in Apogee Therapeutics, Inc.'s own proxy. As printed: 1,291,500. Filing ↗
    41Section 10a, Janux Therapeutics, Inc. reciprocityDEF 14A—0001193125-26-187095Janux Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    42Section 10a, Contineum Therapeutics, Inc. reciprocityDEF 14A—0001628280-26-028881Contineum Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    43Section 10a, Lyell Immunopharma, Inc. reciprocityDEF 14A—0001140361-24-021008Lyell Immunopharma, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    44Section 10a, Astria Therapeutics, Inc. reciprocityDEF 14A—0001104659-25-040180Astria Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    45Section 10a, Apogee Therapeutics, Inc. reciprocityDEF 14A—0001193125-26-177342Apogee Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    46Section 10a, Oruka Therapeutics, Inc. reciprocityDEF 14A—0001213900-26-045159Oruka Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    47Section 10a, Dianthus Therapeutics, Inc. reciprocityDEF 14A—0001690585-26-000012Dianthus Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    48Section 10a, Pliant Therapeutics, Inc. reciprocityDEF 14A—0001746473-26-000076Pliant Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    49Section 10a, Kymera Therapeutics, Inc. reciprocityDEF 14A—0001193125-26-191495Kymera Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗
    50Section 10a, Spyre Therapeutics, Inc. reciprocityDEF 14A—0001636282-26-000039Spyre Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Jade Biosciences, Inc.. Filing ↗