President and Chief Operating Officer · Zenas BioPharma, Inc. (ZBIO)

Joseph Farmer

A named executive officer of Zenas BioPharma in every fiscal year CompBrief holds from FY2024 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

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Total disclosed compensation, FY2025

$2,526,525

FY2024: $6,004,454

3rd of 3 named executive officers at Zenas BioPharma by FY2025 total.

3 named officers on file for Zenas BioPharma, FY2025

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What this number hides

The filing gives the total. Zenas BioPharma’s full Executive Compensation Report gives every award, the disclosed peer set and what the total leaves out — the pair adds the board’s.

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Compensation figures as of the proxy filed March 16, 2026 (DEF 14A).

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Joseph Farmer compensation by year

Zenas BioPharma Summary Compensation Table · all 2 fiscal years held
In US dollars, as Zenas BioPharma reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2024FY2025
Salary$500,000$520,000
Bonus$0$0
Stock awards$0$0
Option awards$5,247,000$1,649,025
Non-equity incentive$255,600$336,700
Pension and deferred compensation$0$0
All other$1,854$20,800
Total$6,004,454$2,526,525

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Zenas BioPharma, Inc. DEF 14A filed March 16, 2026, accession 0001104659-26-028062, and prior-year filings.

How this page was built: the Zenas BioPharma, Inc. filed document, accession 0001104659-26-028062. Every figure is read from that document and cited to the page and table it appears in. Filed March 16, 2026.

$6.0M
$2.5M
FY24
FY25
SalaryNon-equity incentiveOption awardsAll other

Equity holdings

unvested awards at FY2025 year-end
TypeUnvested unitsValue at year-endExercise price
Option40,308—$9.30
Option30,772—$9.30
Option189,605—$9.99
Option141,625—$17.00
Option175,000—$11.94

Per the Outstanding Equity Awards at Fiscal Year-End table in Zenas BioPharma, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.

Zenas BioPharma’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
Leon MoulderFounder, Chief Executive Officer and Chairman$4,661,000
Lisa von MoltkeHead of Research and Development and Chief Medical Officer$3,499,447
Joseph Farmer · this pagePresident and Chief Operating Officer$2,526,525

Joseph Farmer's compensation dossier, Zenas BioPharma

You have read Joseph Farmer's totals and holdings. The dossier adds each equity grant Zenas BioPharma disclosed for Joseph Farmer and Zenas BioPharma's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.

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The full Zenas BioPharma compensation record

free company brief

This page is one person within Zenas BioPharma's record. The company brief lists every named executive, each linking to their own page.

Compensation, the day it’s disclosed

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How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Zenas BioPharma's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

Joseph Farmer's compensation dossier