Kanzhun investor plans up to $88M share sale

Techwolf Limited notifies intent to sell up to 11.9 million Kanzhun Class A shares, alongside recent ADS sales for its own funding needs.

Rhea-AI Filing Summary

Kanzhun Ltd (BZ) received a notice that Techwolf Limited plans to sell up to 11,933,600 Class A Ordinary Shares under Rule 144, to be effected through Goldman Sachs (Asia) L.L.C. The aggregate market value of the shares is listed as $88,308,640 based on pricing as of September 18, 2026.

As of August 31, 2026, Kanzhun had 943,762,002 ordinary shares outstanding on an as-converted basis, including 820,419,281 Class A Ordinary Shares and 123,342,721 Class B Ordinary Shares, excluding 23,891,502 Class A Ordinary Shares reserved for share incentive plans. Each ADS represents two Class A Ordinary Shares. Techwolf is also reported to have sold 192,000 ADSs on September 10, 2026 and 179,800 ADSs on September 11, 2026, and the filing states the planned sale is for the seller's own funding needs.

Key Figures

Planned Class A Ordinary Shares to be sold: 11,933,600 shares Aggregate Market Value of planned sale: $88,308,640 Ordinary shares outstanding (as-converted): 943,762,002 shares +4 more

7 metrics

Planned Class A Ordinary Shares to be sold 11,933,600 shares Maximum number of Class A Ordinary Shares Techwolf Limited plans to sell under Rule 144

Aggregate Market Value of planned sale $88,308,640 Aggregate market value of the 11,933,600 shares as of September 18, 2026

Ordinary shares outstanding (as-converted) 943,762,002 shares Ordinary shares outstanding on an as-converted basis as of August 31, 2026

Class A Ordinary Shares outstanding 820,419,281 shares Class A Ordinary Shares outstanding as of August 31, 2026

Class B Ordinary Shares outstanding 123,342,721 shares Class B Ordinary Shares outstanding as of August 31, 2026

ADS sale on September 10, 2026 192,000 ADSs for $3,140,505.60 Techwolf Limited sale of Kanzhun ADSs during the past three months

ADS sale on September 11, 2026 179,800 ADSs for $2,977,703.76 Second Techwolf Limited ADS sale disclosed for the past three months

Key Terms

Rule 144, American Depositary Shares, Class A Ordinary Shares, Class B Ordinary Shares, +2 more

6 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.

Class A Ordinary Shares financial

"Class A Ordinary Shares | Goldman Sachs (Asia) L.L.C."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Class B Ordinary Shares financial

"including 820,419,281 Class A Ordinary Shares, and 123,342,721 Class B Ordinary Shares"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

aggregate market value financial

"[2] Aggregate Market Value is as of 09/18/2026."

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

as-converted basis financial

"Issuer has 943,762,002 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What sale is Techwolf Limited planning for Kanzhun Ltd (BZ) shares?

Techwolf Limited filed a notice of intent to sell up to 11,933,600 Class A Ordinary Shares of Kanzhun Ltd through Goldman Sachs (Asia) L.L.C., with an aggregate market value of $88,308,640 based on market prices as of September 18, 2026.

How many Kanzhun Ltd (BZ) shares are outstanding as referenced in this filing?

As of August 31, 2026, Kanzhun had 943,762,002 ordinary shares outstanding on an as-converted basis, including 820,419,281 Class A and 123,342,721 Class B Ordinary Shares, excluding 23,891,502 Class A Ordinary Shares reserved for share incentive plans.

What recent ADS sales by Techwolf Limited are disclosed for Kanzhun Ltd (BZ)?

Techwolf Limited is reported to have sold 192,000 ADSs on September 10, 2026 for $3,140,505.60 and 179,800 ADSs on September 11, 2026 for $2,977,703.76. Each ADS represents two Class A Ordinary Shares of Kanzhun.

What does the filing say about the reason for Techwolf Limited’s planned sale of Kanzhun (BZ) shares?

The filing states that the planned sale is for the seller's own funding needs. No additional purpose or use of proceeds is described beyond this statement.

What is the relationship between Kanzhun’s Class A and Class B Ordinary Shares?

The filing notes that each Class B Ordinary Share is automatically converted into one Class A Ordinary Share upon any direct or indirect sale, transfer, assignment, or disposition, and the outstanding share counts are presented on this as-converted basis.

How are Kanzhun Ltd (BZ) American Depositary Shares (ADSs) structured?

Each Kanzhun American Depositary Share is described as representing two Class A Ordinary Shares of the issuer. The past three months’ sales disclosed by Techwolf Limited are in ADS form.

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

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Available on EDGAR 09/21/2026 - 04:35 PM Accepted by SEC EDGAR 09/21/2026 - 04:35 PM 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	0001982580
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	86-10-8462-8340
Name of Person for Whose Account the Securities are To Be Sold	Techwolf Limited
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
Relationship to Issuer	Director
Relationship to Issuer	10% Stockholder

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
Class A Ordinary Shares	Goldman Sachs (Asia) L.L.C. 68/F, Cheung Kong Center 2 Queen's Road Central Hong Kong K3 00000	11933600	88308640.00	943762002	09/21/2026	HKEX

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			11933600	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 Depositary Shares, each representing two Class A Ordinary Shares	09/10/2026	192000	3140505.60
Techwolf Limited Start Chambers, Wickham's Cay II P.O. Box 2221 Roadtown Tortola D8 VG1110	American Depositary Shares, each representing two Class A Ordinary Shares	09/11/2026	179800	2977703.76

144: Remarks and Signature

Remarks	[1] As of 08/31/2026, Issuer has 943,762,002 ordinary shares outstanding on an as-converted basis, including 820,419,281 Class A Ordinary Shares, and 123,342,721 Class B Ordinary Shares (excluding the 23,891,502 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 09/04/2026. Each Class B Ordinary Share is automatically converted into one Class A Ordinary Share upon any direct or indirect sale, transfer, assignment, or disposition. Each ADS represents 2 Class A Ordinary Shares of the Issuer. [2] Aggregate Market Value is as of 09/18/2026. [3] The sale is for the Seller's own funding needs.
Date of Notice	09/21/2026
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/ ZHAO Peng
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)