Kanzhun insider plans $5.2M ADS sale after option exercise

Officer and director Chen Xu has filed to sell 300,000 ADSs of Kanzhun Limited following a cashless stock option exercise.

Rhea-AI Filing Summary

Kanzhun Limited (BZ) reports that officer and director Chen Xu plans to sell 300,000 American Depositary Shares, each representing two Class A ordinary shares, under Rule 144 through Futu Securities International (Hong Kong) Limited. The sale relates to a scheduled cashless exercise of previously granted employee stock options for 600,000 Class A ordinary shares on September 3, 2026.

Key Figures

ADSs to be sold: 300,000 American Depositary Shares Aggregate market value of ADSs: $5,190,000.00 Class A ordinary shares underlying ADSs: 600,000 Class A ordinary shares +5 more

8 metrics

ADSs to be sold 300,000 American Depositary Shares Planned Rule 144 sale through Futu Securities International (Hong Kong) Limited

Aggregate market value of ADSs $5,190,000.00 Aggregate market value as of September 2, 2026 for 300,000 ADSs

Class A ordinary shares underlying ADSs 600,000 Class A ordinary shares Shares from employee stock options scheduled for cashless exercise on September 3, 2026

Ordinary shares outstanding (as-converted) 943,697,002 ordinary shares Outstanding as of July 31, 2026 on an as-converted basis

Class A ordinary shares outstanding 820,354,281 Class A ordinary shares Included in total ordinary shares outstanding as of July 31, 2026

Class B ordinary shares outstanding 123,342,721 Class B ordinary shares Included in total ordinary shares outstanding as of July 31, 2026

ADSs sold in prior 3 months 42 American Depositary Shares Previously sold on June 16, 2026

Sale price of prior ADS transaction $573.30 per ADS Price for 42 ADSs sold on June 16, 2026

Key Terms

Rule 144, American Depositary Shares, cashless exercise, employee equity incentive award, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

American Depositary Shares financial

"American Depositary Shares, each representing two Class A Ordinary Shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

cashless exercise financial

"600000 | 09/03/2026 | cashless exercise"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

employee equity incentive award financial

"Employee equity incentive award | Issuer | | | 600000"

as-converted basis financial

"Issuer has 943,697,002 ordinary shares outstanding on an as-converted basis"

As-converted basis means counting securities that can become common stock—like convertible bonds or preferred shares—as if they already were common shares when calculating totals such as shares outstanding, ownership percentages, or per-share metrics. Investors use it to see the potential dilution and the “what-if” size of the shareholder base; it’s like imagining all restaurant coupons have been redeemed so you know how crowded the table could become and how slices of the pie would shrink.

FAQ

What is Kanzhun Limited (BZ) insider Chen Xu planning to sell under Rule 144?

Chen Xu plans to sell 300,000 American Depositary Shares of Kanzhun Limited, with each ADS representing two Class A ordinary shares. The ADSs will be sold through Futu Securities International (Hong Kong) Limited in connection with an employee stock option exercise.

How many Kanzhun (BZ) shares are tied to Chen Xu’s planned sale?

The notice covers 300,000 ADSs, each representing two Class A ordinary shares, corresponding to 600,000 Class A ordinary shares. These shares are scheduled to be issued upon exercise of previously granted employee stock options on September 3, 2026.

What is the reported market value of Chen Xu’s planned Kanzhun (BZ) ADS sale?

The planned sale has an aggregate market value of $5,190,000.00, based on the market value as of September 2, 2026. This valuation is associated with the 300,000 ADSs covered by the notice.

How many Kanzhun (BZ) shares were outstanding when this Rule 144 notice was filed?

As of July 31, 2026, Kanzhun Limited reported 943,697,002 ordinary shares outstanding on an as-converted basis, including 820,354,281 Class A and 123,342,721 Class B ordinary shares, excluding 23,956,502 Class A shares held for future ADS issuances.

Has Chen Xu sold Kanzhun (BZ) ADSs in the past three months?

Yes. During the past three months, Chen Xu sold 42 American Depositary Shares on June 16, 2026 at a price of $573.30 per ADS. This prior sale is disclosed alongside the new planned transaction.

What is the source of the Kanzhun (BZ) shares being sold by Chen Xu?

The shares come from an employee equity incentive award. Chen Xu is scheduled to exercise previously granted employee stock options for 600,000 Class A ordinary shares on September 3, 2026 via a cashless exercise, and the resulting ADSs are to be sold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 08:01 AM Accepted by SEC EDGAR 09/03/2026 - 08:00 AM Learn about SEC filing dates

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	0001994255
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Kanzhun Limited
SEC File Number	001-40460
Address of Issuer	PO Box 309, Ugland House Grand Cayman CAYMAN ISLANDS KY1-1104
Phone	86-10-5904-5666
Name of Person for Whose Account the Securities are To Be Sold	CHEN Xu
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	Officer, Director

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 Depositary Shares, each representing two Class A Ordinary Shares	Futu Securities International (Hong Kong) Limited 34/F, United Centre No. 95 Queensway Admiralty K3 00000	300000	5190000.00	943697002	09/03/2026	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 *
Class A Ordinary Shares	09/03/2026	Employee equity incentive award	Issuer			600000	09/03/2026	cashless exercise

* 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
CHEN Xu 7-102, Building 17 Longhu Weilanshan Xiangti Court Tongzhou District, Beijing F4 100000	American Depositary Shares, each representing two Class A Ordinary Shares	06/16/2026	42	573.30

144: Remarks and Signature

Remarks	[1] As of 07/31/2026, Issuer has 943,697,002 ordinary shares outstanding on an as-converted basis, including 820,354,281 Class A Ordinary Shares, and 123,342,721 Class B Ordinary Shares (excluding the 23,956,502 Class A Ordinary Shares issued to the depositary for bulk-issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under the Issuer's Share Incentive Plans), as reported in the Form 6-K filed by Issuer on 08/06/2026. Each ADS represents 2 Class A Ordinary Shares of the Issuer. [2] Seller is scheduled to exercise previously granted employee stock options. [3] Aggregate Market Value is as of 09/02/2026.
Date of Notice	09/03/2026
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	/s/ CHEN Xu
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)