Kanzhun holder plans $28.9M ADS sale via UBS

Form 144 discloses Techwolf Limited’s planned Nasdaq sales of Kanzhun ADSs backed by founder shares for its own funding needs.

Rhea-AI Filing Summary

Kanzhun Limited (BZ) received a Form 144 notice that Techwolf Limited intends to sell American Depositary Shares (ADSs) of Kanzhun on Nasdaq. The planned sales include 192,000 ADSs through UBS Financial Services Inc. and 1,798,000 ADSs through UBS Securities LLC, with aggregate market values stated as of September 9, 2026.

The securities to be sold relate to 3,980,000 ordinary founder shares originally issued by Kanzhun on May 20, 2014 for services rendered. Kanzhun reported 943,762,002 ordinary shares outstanding on an as-converted basis as of August 31, 2026, including separate Class A and Class B totals. Each ADS represents two Class A ordinary shares, and the filing states that the sale is for the seller’s own funding needs and financial arrangements.

Key Figures

ADSs to be sold via UBS Financial Services Inc.: 192,000 ADSs Aggregate market value via UBS Financial Services Inc.: $3,085,440.00 ADSs to be sold via UBS Securities LLC: 1,798,000 ADSs +5 more

8 metrics

ADSs to be sold via UBS Financial Services Inc. 192,000 ADSs American Depositary Shares of Kanzhun to be sold on Nasdaq

Aggregate market value via UBS Financial Services Inc. $3,085,440.00 Market value for 192,000 ADSs as of September 9, 2026

ADSs to be sold via UBS Securities LLC 1,798,000 ADSs American Depositary Shares of Kanzhun to be sold on Nasdaq

Aggregate market value via UBS Securities LLC $28,893,860.00 Market value for 1,798,000 ADSs as of September 9, 2026

Founder shares to be sold 3,980,000 ordinary shares Founder shares issued on May 20, 2014 for services rendered

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

Class A Ordinary Shares outstanding 820,419,281 shares Included in as-converted total as of August 31, 2026

Class B Ordinary Shares outstanding 123,342,721 shares Included in as-converted total as of August 31, 2026

Key Terms

Rule 144, American Depositary Shares, as-converted basis, Share Incentive Plans, +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.

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.

Share Incentive Plans financial

"ADSs reserved for future issuances upon the exercise or vesting of awards granted under the Issuer's Share Incentive Plans"

founder shares financial

"Ordinary Shares | 05/20/2014 | Founder shares | Issuer"

Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.

FAQ

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

What does Kanzhun Ltd (BZ) disclose in this Form 144 filing?

The filing states that Techwolf Limited plans to sell Kanzhun American Depositary Shares on Nasdaq, backed by 3,980,000 ordinary founder shares. The notice provides details on share amounts, market values, counterparties and Kanzhun’s total ordinary shares outstanding on an as-converted basis.

How many Kanzhun (BZ) ADSs are covered by Techwolf Limited’s planned sales?

The notice lists planned sales of 192,000 ADSs of Kanzhun through UBS Financial Services Inc. and 1,798,000 ADSs through UBS Securities LLC. Each is identified as American Depositary Shares representing Kanzhun Class A ordinary shares and is to be sold on Nasdaq.

What is the aggregate market value of the Kanzhun (BZ) ADSs in this Form 144?

The aggregate market value is reported as $3,085,440.00 for 192,000 ADSs and $28,893,860.00 for 1,798,000 ADSs. The filing notes that the aggregate market value figures are as of September 9, 2026.

What underlying Kanzhun (BZ) shares are identified as being sold under this Form 144?

The filing identifies 3,980,000 ordinary shares as founder shares, issued on May 20, 2014 by Kanzhun as consideration for services rendered. These ordinary shares are the securities to be sold under this notice.

How many Kanzhun (BZ) ordinary shares are outstanding according to the notice?

As of August 31, 2026, Kanzhun reported 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 certain Class A shares issued to the depositary for ADS bulk issuance.

What is the ADS-to-share ratio for Kanzhun (BZ) mentioned in the Form 144?

The filing states that each American Depositary Share (ADS) represents two Class A Ordinary Shares of Kanzhun. This ratio links the Nasdaq-traded ADSs to the underlying Class A ordinary shares in the Cayman Islands issuer.

Why does Techwolf Limited state it is selling Kanzhun (BZ) ADSs?

The remarks explain that the sale is for the seller’s own funding needs and financial arrangements. This is given as the stated reason for Techwolf Limited’s planned disposal of Kanzhun ADSs under Rule 144.

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

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Available on EDGAR 09/10/2026 - 04:02 PM Accepted by SEC EDGAR 09/10/2026 - 04:01 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
American Depositary Shares, each representing two Class A Ordinary Shares	UBS Financial Services Inc. 555 California Street, Suite 3300-A San Francisco CA 94104	192000	3085440.00	943762002	09/10/2026	Nasdaq
American Depositary Shares, each representing two Class A Ordinary Shares	UBS Securities LLC 1285 Avenue of the Americas New York NY 10019	1798000	28893860.00	943762002	09/10/2026	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 *
Ordinary Shares	05/20/2014	Founder shares	Issuer			3980000	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

Nothing to Report

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 09/09/2026. [3] The sale is for the Seller's own funding needs and financial arrangements.
Date of Notice	09/10/2026
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)