[144] Kanzhun Ltd SEC Filing

Rhea-AI Filing Summary

Kanzhun Ltd (BZ) submitted a Form 144 to notify a proposed sale of 94,000 American Depository Shares (each representing two Class A ordinary shares) on Nasdaq, with an aggregate market value of $2,201,480 and the approximate sale date of 09/29/2025. The filing shows these shares were originally acquired as Founder Shares on 05/20/2014 for services rendered and that 954,072,196 shares of this class are outstanding. The notice also discloses that Techwolf Limited sold 1,984,500 ADS on 06/30/2025 for $42,284,226.60 in gross proceeds. The filer affirms no undisclosed material adverse information and includes standard signature/attestation language.

Positive

• Full disclosure of proposed sale details including class, broker, number of ADS, market value, sale date, and exchange
• Source of shares identified (founder shares acquired 05/20/2014 for services rendered), satisfying provenance requirements
• Previous large sale by Techwolf Limited disclosed with date and gross proceeds ($42,284,226.60), improving transparency

Negative

• No Rule 10b5-1 plan adoption date provided in the filing, despite mentioning trading-plan language in the form
• Large past disposition (1,984,500 ADS for $42,284,226.60) could represent meaningful share supply, though the filing does not provide context

Insights

Securities Analyst

TL;DR: Insider-related sales disclosed—material by size but routine for Form 144 reporting.

The filing reports a proposed sale of 94,000 ADS (aggregate value $2.20M) and a prior sale by Techwolf Limited of 1,984,500 ADS for $42.28M. These are explicit disclosures of insider/affiliate sales rather than operational performance metrics. For investors, the data quantify recent and planned share dispositions and the source of the proposed shares (founder shares acquired in 2014 for services). The filing contains no earnings, guidance, or new corporate actions; its materiality lies in share supply and potential short-term selling pressure.

Corporate Governance Expert

TL;DR: Form 144 shows customary attestation and founder-origin shares; disclosure is procedurally complete.

The notice includes required attestation that no material nonpublic information is known and documents the provenance of the 94,000 ADS as founder shares from 05/20/2014, paid via services rendered. The filing also lists an earlier large disposal by Techwolf Limited on 06/30/2025. There is no indication of rule 10b5-1 adoption date provided. The filing appears to meet Rule 144 reporting requirements but contains limited corporate-governance detail beyond standard representations.

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	94000	2201480.00	954072196	09/29/2025	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			188000	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	06/30/2025	1984500	42284226.60

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

What ADS sale is Kanzhun Ltd (BZ) proposing under Form 144?

The filing proposes the sale of 94,000 American Depository Shares (each representing two Class A ordinary shares) with an aggregate market value of $2,201,480, to be sold on or about 09/29/2025 on Nasdaq.

Who is the broker handling the proposed sale in the Form 144?

The broker named in the filing is UBS Financial Services Inc., 11 Madison Avenue, 4th Floor, New York, NY 10010.

When and how were the shares to be sold originally acquired?

The shares were acquired as Founder Shares on 05/20/2014, described in the filing as received from the issuer in exchange for services rendered.

Did the filer report any recent sales of Kanzhun ADS prior to this notice?

Yes. The filing shows Techwolf Limited sold 1,984,500 ADS on 06/30/2025 for $42,284,226.60 in gross proceeds.

Does the Form 144 state whether the seller knows of any material nonpublic information?

Yes. By signing, the person represents that they do not know any material adverse information