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BZ (NASDAQ: BZ) files Form 144 to offer 11,000 ADS and 22,000 Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

BZ submitted a Form 144 reporting proposed sales of Class A Ordinary Shares and American Depositary Shares on 03/20/2026. The notice lists 11,000 American Depositary Shares (each representing two Class A Ordinary Shares) and 22,000 Class A Ordinary Shares tied to employee equity awards and services rendered. The sales are listed in connection with Nasdaq trading and reference Futu Securities International (Hong Kong) Limited as the broker/dealer address in the filing excerpt.

Positive

  • None.

Negative

  • None.

Insights

Routine Rule 144 notice for planned dispositions by holders under equity awards.

The excerpt shows a Form 144 submission describing proposed sales on 03/20/2026 of 11,000 American Depositary Shares (each representing two Class A Ordinary Shares) and 22,000 Class A Ordinary Shares tied to equity awards and services rendered. It names Futu Securities International (Hong Kong) Limited in the securities section.

These notices are administrative disclosures under resale rules; cash‑flow treatment and whether the sales will occur under Rule 144 volume/holding requirements are not specified in the excerpt. Subsequent filings or trade reports would show if and when the transactions settled.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does BZ's Form 144 on 03/20/2026 report?

It reports proposed sales of equity: 11,000 ADS and 22,000 Class A Ordinary Shares on 03/20/2026. The filing ties the shares to employee equity awards and services rendered, with a broker/dealer address listed.

Are the ADS in BZ's filing convertible to ordinary shares?

Yes; the filing states each American Depositary Share represents two Class A Ordinary Shares. The excerpt lists 11,000 ADS, which corresponds to the ADR ratio disclosed in the notice.

Who is the broker/dealer named in the BZ excerpt?

The filing lists Futu Securities International (Hong Kong) Limited with an 11/F Bangkok Bank Building address. This entity appears as the broker/dealer contact in the securities section of the excerpt.

Do the Form 144 entries show proceeds or execution details?

No; the excerpt lists quantities and reasons (employee equity award, services rendered) but does not disclose sale proceeds or execution method. Settlement and proceeds details are not provided in the excerpt.
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