Kanzhun CEO corrects insider share holdings

Kanzhun Ltd Chief Executive Officer Zhao Peng Jonathan filed an amended Form 3 to correct his reported beneficial ownership.

Rhea-AI Filing Summary

Kanzhun Ltd Chief Executive Officer Zhao Peng Jonathan filed an amended Form 3 to correct his reported beneficial ownership. The filing now shows indirect ownership of 512,000 Class A ordinary shares held through Techwolf Limited, a British Virgin Islands company held by a trust for Mr. Zhao and his family.

The amendment explains that the original Form 3 inadvertently included an additional 128,000 Class A ordinary shares in the form of ADSs, which has been removed here. Each ADS represents two Class A ordinary shares, so the corrected figure is intended to more accurately reflect Mr. Zhao’s indirect holdings.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zhao Peng Jonathan

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 512,000 shares (Indirect, By Techwolf Limited)

Footnotes (3)

1. F1. These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer. Each ADS represents two Class A ordinary shares.
2. F2. This amendment restates the original Form 3 filed by the Reporting Person on March 17, 2026, solely to correct the amount of securities beneficially owned by the Reporting Person in Table I, which inadvertently included 128,000 additional Class A ordinary shares in the form of ADSs beneficially owned by the Reporting Person, and has been corrected herein. The 128,000 additional Class A ordinary shares in the form of ADSs were also inadvertently included in the Form 4 filed by the Reporting Person after his original Form 3 was filed.
3. F3. By Techwolf Limited, a British Virgin Islands company. The entire interest in Techwolf Limited is held by a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family.

Key Figures

Indirectly owned shares: 512,000 Class A ordinary shares Previously overcounted shares: 128,000 Class A ordinary shares ADS to share ratio: 1 ADS = 2 Class A ordinary shares

3 metrics

Indirectly owned shares 512,000 Class A ordinary shares Beneficially owned indirectly via Techwolf Limited after amendment

Previously overcounted shares 128,000 Class A ordinary shares Additional Class A shares in ADS form inadvertently included before

ADS to share ratio 1 ADS = 2 Class A ordinary shares Structure of Kanzhun ADS holdings referenced in the amendment

Key Terms

American Depositary Shares, beneficially owned, Form 3, indirect ownership, +1 more

5 terms

American Depositary Shares financial

"These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer."

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.

beneficially owned financial

"correct the amount of securities beneficially owned by the Reporting Person in Table I"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Form 3 regulatory

"This amendment restates the original Form 3 filed by the Reporting Person"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

indirect ownership financial

"By Techwolf Limited, a British Virgin Islands company."

trust financial

"a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family"

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

FAQ

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

What does Kanzhun (BZ) CEO Zhao Peng Jonathan’s amended Form 3 change?

The amended Form 3 corrects beneficial ownership reported by CEO Zhao Peng Jonathan. It removes 128,000 Class A ordinary shares previously included in error and now reflects 512,000 Class A ordinary shares indirectly held through Techwolf Limited, aligning the disclosure with his actual holdings.

How many Kanzhun (BZ) shares does the CEO now report as beneficially owned?

The CEO now reports 512,000 Class A ordinary shares as indirectly beneficially owned. These shares are held through Techwolf Limited, which is owned by a trust established by Mr. Zhao for the benefit of himself and his family, clarifying his indirect economic interest.

How were Kanzhun (BZ) shares incorrectly reported in the original Form 3?

The original Form 3 inadvertently included 128,000 additional Class A ordinary shares in the form of ADSs. The amendment states these shares were mistakenly counted in both the initial Form 3 and a subsequent Form 4, and are now removed from the reported ownership total.

What role do ADSs play in Kanzhun (BZ) CEO’s ownership disclosure?

The CEO’s holdings are represented through American Depositary Shares (ADSs). Each ADS corresponds to two Class A ordinary shares. The amendment clarifies that some ADS-based shares were overcounted previously, prompting the correction to the number of Class A ordinary shares beneficially owned.

How are Kanzhun (BZ) shares held by Techwolf Limited attributed to the CEO?

The filing explains that shares are held by Techwolf Limited, a British Virgin Islands company. The entire interest in Techwolf Limited is held by a trust established by Mr. Zhao as settlor for the benefit of himself and his family, giving him indirect beneficial ownership.

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

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Accepted by SEC EDGAR 05/01/2026 - 04:07 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Zhao Peng Jonathan

(Last) (First) (Middle)

21/F, GRANDYVIC BUILDING

TAIYANGGONG MIDDLE RD, CHAOYANG DISTRICT

(Street)

BEIJING F4 100028

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Kanzhun Ltd [ BZ ]

3a. Foreign Trading Symbol
[HKEX: 2076]

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/17/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares(1)	512,000(2)	I	By Techwolf Limited(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer. Each ADS represents two Class A ordinary shares.

2. This amendment restates the original Form 3 filed by the Reporting Person on March 17, 2026, solely to correct the amount of securities beneficially owned by the Reporting Person in Table I, which inadvertently included 128,000 additional Class A ordinary shares in the form of ADSs beneficially owned by the Reporting Person, and has been corrected herein. The 128,000 additional Class A ordinary shares in the form of ADSs were also inadvertently included in the Form 4 filed by the Reporting Person after his original Form 3 was filed.

3. By Techwolf Limited, a British Virgin Islands company. The entire interest in Techwolf Limited is held by a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family.

	/s/ Peng Zhao	05/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)