Kanzhun (NASDAQ: BZ) buys 317,400 shares for Post-IPO incentive scheme
Rhea-AI Filing Summary
Kanzhun Limited reported that the trustee of its Post-IPO Share Scheme purchased Class A ordinary shares on the open market for employee incentives. On January 21, 2026, the trustee bought 317,400 Class A ordinary shares (in the form of 158,700 American Depositary Shares), equal to approximately 0.03% of the Company’s issued and outstanding shares as of that date, at an average price of US$9.44 per Class A ordinary share, using the Company’s internal resources. After this transaction, the trustee held 32,453,914 Class A ordinary shares for eligible participants under the scheme. The Company notes it will periodically decide, at its discretion, how many shares to award to eligible participants.
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FAQ
What did Kanzhun Limited (BZ) announce in this Form 6-K?
Kanzhun Limited announced that the trustee of its Post-IPO Share Scheme purchased 317,400 Class A ordinary shares on the open market on January 21, 2026, to be held in trust for eligible participants.
How large was Kanzhun Limited’s January 21, 2026 share purchase relative to its share capital?
The purchase of 317,400 Class A ordinary shares represented approximately 0.03% of the Company’s total issued and outstanding shares as of January 21, 2026.
What was the average price paid per Kanzhun Limited Class A share in the scheme purchase?
The trustee paid an average consideration of US$9.44 per Class A ordinary share, excluding related expenses, for the shares purchased under the Post-IPO Share Scheme.
How many Kanzhun Limited shares does the Post-IPO Share Scheme trustee hold after the transaction?
Immediately after the purchase on January 21, 2026, the trustee held 32,453,914 Class A ordinary shares on trust for eligible participants under the Scheme.
How was the share purchase under Kanzhun Limited’s Post-IPO Share Scheme funded?
The purchase of 317,400 Class A ordinary shares under the Post-IPO Share Scheme was funded by the Company’s internal resources.
What discretion does Kanzhun Limited retain over awards under the Post-IPO Share Scheme?
The Company stated that it will from time to time review and determine at its absolute discretion the number of Class A ordinary shares to be awarded to eligible participants.
