[144] KANZHUN LIMITED SEC Filing

Rhea-AI Filing Summary

Kanzhun Limited (BZ) – Form 144 filing overview

The notice discloses a proposed sale of 1,984,500 American Depositary Shares (ADS), each ADS representing two Class A ordinary shares. The filer intends to execute the transaction through UBS Financial Services, 11 Madison Ave., New York on or about 30 June 2025. Based on the filing’s stated market price, the block is valued at approximately US$35.9 million.

The issuer reports 913,310,598 ordinary shares outstanding; the proposed sale therefore represents roughly 0.22 % of the ordinary share count (≈0.43 % of the ADS float, given the 2-for-1 ratio). The securities were originally acquired on 20 May 2014 as “Founder Shares” in exchange for services rendered.

Recent insider activity: the same beneficial owner, Techwolf Limited, previously sold 1,921,500 ADS on 1 April 2025 for gross proceeds of US$32.17 million. Adding the new notice, total planned/ completed disposals within three months reach 3.91 million ADS (≈US$68 million).

Form 144 is a notice of intent; it does not guarantee execution, but it signals potential supply and possible insider sentiment. No new capital is issued, so there is no dilution; however, the sales could create an overhang and incremental selling pressure around the proposed date.

Positive

• None.

Negative

• Founder/insider plans to sell 1,984,500 ADS valued at US$35.9 m, adding to a similar sale in April and signalling potential stock overhang.
• Aggregate insider disposals of ~US$68 m within three months may be perceived negatively by investors monitoring management sentiment.

Insights

Equity Market Strategist

TL;DR – Founder intends to sell US$35.9 m in ADS, extending recent insider disposals; modest supply overhang, mildly negative sentiment.

The filing adds to April’s US$32 m block, taking three-month insider sales to nearly US$68 m. While 0.4 % of the ADS float is not large enough to alter fundamentals, continuous founder selling can be interpreted by the market as waning confidence or portfolio diversification. The transaction is routed through UBS and timed for 30 June 2025, giving traders clarity on when supply may hit the tape. Because Form 144 covers affiliates, shares could enter the open market swiftly under Rule 144(b)(2) if volume conditions are met. There is no dilution, but technical pressure and sentiment effects warrant a cautious view.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
American Depository Shares, each representing two Class A Ordinary Shares	UBS Financial Services Inc. 11 Madison Avenue 4th Floor New York NY 10010	1984500	35899605.00	913310598	06/30/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary Shares	05/20/2014	Founder Shares	Issuer			3969000	05/20/2014	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Techwolf Limited Start Chambers, Wickham's Cay II P.O. Box 2221 Roadtown Tortola D8 VG1110	American Depository Shares, each representing two Class A Ordinary Shares	04/01/2025	1921500	32166357.30

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Kanzhun (BZ) ADS are slated for sale under this Form 144?

The filer intends to sell 1,984,500 ADS.

What is the approximate market value of the planned sale?

The block is valued at about US$35.9 million as stated in the filing.

When is the proposed sale date for the Kanzhun ADS?

The filer lists an approximate sale date of 30 June 2025.

Who is executing the trade and on which exchange?

The sale will be routed through UBS Financial Services on the Nasdaq.

What percentage of Kanzhun’s outstanding shares does this represent?

It represents roughly 0.22 % of ordinary shares (≈0.43 % of ADS outstanding).

Have there been recent sales by the same insider?

Yes. A 1,921,500 ADS sale occurred on 1 April 2025, generating US$32.17 million in proceeds.