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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
Footnotes (1)
- These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer. Each ADS represents two Class A ordinary shares. 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. All options granted have been fully vested and are exercisable as of the date hereof. 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. Each restricted share unit represents a contingent right to receive one Class A ordinary share at settlement. 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. 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.
