Kanzhun (BZ) President Chen Xu details options, RSUs and share stakes

Rhea-AI Filing Summary

Kanzhun Ltd President Chen Xu has filed an initial ownership report detailing his existing equity interests in the company. He holds stock options over 1,309,000 Class A ordinary shares at an exercise price of $0.5000 per share, plus additional options over 72,000, 30,000 and 10,000 Class A ordinary shares at exercise prices of $3.0807, $1.5600 and $0.7130, respectively. All options have fully vested and are exercisable as of the filing date.

Chen also holds outstanding restricted share units covering 100,000, 370 and 4,702 Class A ordinary shares, each vesting in equal portions over four years from grant dates in 2022. Each restricted share unit represents a contingent right to receive one Class A ordinary share at settlement. In addition, he directly owns 148,352 Class A ordinary shares and has indirect ownership of 184,522 Class A ordinary shares through KZBZ Limited, whose shares are held in an employee shareholding trust. These Class A ordinary shares are held through American Depositary Shares, with each ADS representing two Class A ordinary shares.

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

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1. Name and Address of Reporting Person^*

Chen Xu

(Last) (First) (Middle)

21/F, GRANDYVIC BUILDING

TAIYANGGONG MIDDLE RD, CHAOYANG DISTRICT

(Street)

BEIJING F4 100020

(City) (State) (Zip)

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

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

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

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

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

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)	148,352	D
Class A ordinary shares	184,522	I	By KZBZ Limited(2)

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
Option (Right to Buy)	(3)	02/18/2031	Class A ordinary shares	1,309,000	$0.5	D
Option (Right to Buy)	(3)	10/16/2030	Class A ordinary shares	72,000	$3.0807	D
Option (Right to Buy)	(3)	12/20/2028	Class A ordinary shares	30,000	$1.56	D
Option (Right to Buy)	(3)	08/01/2028	Class A ordinary shares	10,000	$0.713	D
Restricted Share Unit	(4)	(4)	Class A ordinary shares	100,000	(5)	D
Restricted Share Unit	(6)	(6)	Class A ordinary shares	370	(5)	D
Restricted Share Unit	(7)	(7)	Class A ordinary shares	4,702	(5)	D

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. The shares of KZBZ Limited are held by Maples Trustee Services (Cayman) Limited as trustee of an employee shareholding trust, for the benefit of employees including Mr. Xu Chen.

3. All options granted have been fully vested and are exercisable as of the date hereof.

4. This restricted share unit award was granted on December 3, 2022, and vests in equal portions over four years on each anniversary of the grant date, subject to the terms and conditions of the underlying award agreement. The amount reported represents the outstanding restricted share units as of the date hereof.

5. Each restricted share unit represents a contingent right to receive one Class A ordinary share at settlement.

6. This restricted share unit award was granted on June 15, 2022, and vests in equal portions over four years on each anniversary of the grant date, subject to the terms and conditions of the underlying award agreement. The amount reported represents the outstanding restricted share units as of the date hereof.

7. This restricted share unit award was granted on March 15, 2022, and vests in equal portions over four years on each anniversary of the grant date, subject to the terms and conditions of the underlying award agreement. The amount reported represents the outstanding restricted share units as of the date hereof.

	/s/ Xu Chen	03/17/2026
	** 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.
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FAQ

What equity holdings does Kanzhun (BZ) President Chen Xu report on this Form 3?

Chen Xu reports existing holdings including stock options, restricted share units, and Class A ordinary shares. The filing details multiple option grants, several RSU awards, and both direct and indirect ownership of Kanzhun Class A ordinary shares through different structures.

How many Kanzhun (BZ) shares are covered by Chen Xu’s vested stock options?

Chen Xu’s options cover 1,309,000 Class A ordinary shares at $0.5000, plus 72,000, 30,000 and 10,000 shares at higher exercise prices. Footnotes state all options granted have fully vested and are exercisable as of the date of the ownership report.

What restricted share units does Chen Xu hold in Kanzhun (BZ)?

He holds RSU awards over 100,000, 370 and 4,702 Class A ordinary shares. These awards were granted in March 2022, June 2022 and December 2022, vesting in equal portions over four years, with each RSU delivering one Class A ordinary share at settlement.

What direct and indirect Class A ordinary share holdings does Chen Xu report for Kanzhun (BZ)?

Chen directly owns 148,352 Class A ordinary shares and indirectly owns 184,522 Class A ordinary shares through KZBZ Limited. The shares of KZBZ Limited are held in an employee shareholding trust benefiting employees including Chen Xu, according to the footnotes.

How are Kanzhun (BZ) Class A ordinary shares held in American Depositary Shares?

The filing notes that the Class A ordinary shares are held through American Depositary Shares. Each ADS represents two Class A ordinary shares, meaning the economic exposure for ADS holders is tied to pairs of Class A ordinary shares under this ratio.

Are Chen Xu’s Kanzhun (BZ) options exercisable as of this Form 3?

Yes. A footnote explains that all options granted to Chen Xu have been fully vested and are exercisable as of the date of the report. Expiration dates for the option grants range from 2028 to 2031, providing a multi-year exercise window.