Kanzhun (NASDAQ: BZ) adds 344,224 shares to Post-IPO incentive pool
Rhea-AI Filing Summary
Kanzhun Limited reported that the trustee of its Post-IPO Share Scheme purchased 344,224 Class A ordinary shares on the open market on February 5, 2026, equivalent to approximately 0.04% of its issued and outstanding shares.
The shares were bought at an average price of US$8.71 per Class A ordinary share, funded by the Company’s internal resources, and are held on trust for eligible participants under the scheme. Following this purchase, the trustee held 34,893,818 Class A ordinary shares for future awards, which the Company may grant at its absolute discretion.
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FAQ
What did Kanzhun Limited (BZ) announce in this 6-K filing?
Kanzhun Limited announced that the trustee of its Post-IPO Share Scheme purchased 344,224 Class A ordinary shares on February 5, 2026. These shares are held on trust for eligible participants and were funded using the Company’s internal resources.
How large is Kanzhun Limited’s latest share purchase under the Post-IPO Share Scheme?
The trustee purchased 344,224 Class A ordinary shares, representing about 0.04% of Kanzhun Limited’s issued and outstanding shares as of February 5, 2026. This is a relatively small transaction in percentage terms.
What price did Kanzhun Limited’s trustee pay per share in the February 2026 purchase?
The trustee bought the shares at an average consideration of US$8.71 per Class A ordinary share, excluding related expenses. This price reflects the cost basis for the 344,224 shares acquired for the Post-IPO Share Scheme on February 5, 2026.
How many Kanzhun Limited shares does the scheme trustee hold after this purchase?
Immediately after the transaction, the trustee held 34,893,818 Class A ordinary shares of Kanzhun Limited. These shares are reserved to satisfy future awards to eligible participants under the Company’s Post-IPO Share Scheme, at the Company’s discretion.
How is Kanzhun Limited funding the share purchases for its Post-IPO Share Scheme?
The Company states that the trustee’s purchase of 344,224 Class A ordinary shares on February 5, 2026 was funded by internal resources. This means Kanzhun used its own cash rather than issuing new shares for the scheme.
What is the purpose of Kanzhun Limited’s Post-IPO Share Scheme?
The Post-IPO Share Scheme is designed to award Class A ordinary shares to eligible participants. Shares are acquired by a trustee and held on trust, and Kanzhun may later determine, at its absolute discretion, how many shares to grant to each participant.