Kanzhun (BZ) director Mu Yang details options, RSUs and share holdings

Rhea-AI Filing Summary

Kanzhun Ltd director Mu Yang filed an initial ownership report, showing existing equity awards and share holdings. The filing lists an option to buy 20,876 Class A ordinary shares at an exercise price of $5.33 per share, expiring on June 1, 2031.

Mu Yang also holds multiple restricted share unit awards tied to Class A ordinary shares, including blocks of 170,000 and 160,000 units that vest over several years under prior grant agreements, plus 55,128 Class A ordinary shares held directly, some through ADSs where each ADS represents two Class A 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^*

Mu Yang

(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
	Officer (give title below)		Other (specify below)

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)	55,128	D

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)	(2)	06/01/2031	Class A ordinary shares	20,876	$5.33	D
Restricted Share Unit	(3)	(3)	Class A ordinary shares	170,000	(4)	D
Restricted Share Unit	(5)	(5)	Class A ordinary shares	80,000	(4)	D
Restricted Share Unit	(6)	(6)	Class A ordinary shares	160,000	(4)	D
Restricted Share Unit	(7)	(7)	Class A ordinary shares	80,000	(4)	D
Restricted Share Unit	(8)	(8)	Class A ordinary shares	20,864	(4)	D
Restricted Share Unit	(9)	(9)	Class A ordinary shares	3,910	(4)	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. All options granted have been fully vested and are exercisable as of the date hereof.

3. This restricted share unit award was granted September 16, 2025, and vests in equal portions over four years from 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.

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

5. This restricted share unit award was granted March 18, 2025, and vests as follows: 50% on the second anniversary of the grant date; 25% on the third anniversary of the grant date; and 25% on the fourth 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.

6. This restricted share unit award was granted September 15, 2023, and vests in equal portions over four years from 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 March 27, 2023, and vests in equal portions over four years from 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.

8. This restricted share unit award was granted December 2, 2022, and vests in equal portions over four years from 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.

9. This restricted share unit award was granted March 15, 2022, and vests in equal portions over four years from 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/ Yang Mu	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).
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FAQ

What does Kanzhun (BZ) director Mu Yang report in this Form 3?

Mu Yang reports existing ownership of options, restricted share units, and Class A ordinary shares. The holdings include an option for 20,876 shares, several multi-year vesting RSU grants, and 55,128 Class A ordinary shares held directly and through American Depositary Shares.

How many Kanzhun Class A shares are covered by Mu Yang’s option in the Form 3?

The Form 3 shows an option to acquire 20,876 Kanzhun Class A ordinary shares at an exercise price of $5.33 per share. The option is fully vested and remains exercisable until its stated expiration date of June 1, 2031.

What restricted share units does Mu Yang hold in Kanzhun (BZ)?

Mu Yang holds several restricted share unit awards over Kanzhun Class A ordinary shares, including grants of 170,000, 160,000 and 80,000 units. These awards vest in scheduled portions over four years or on specified anniversaries, subject to underlying award agreements.

How many Kanzhun Class A ordinary shares does Mu Yang hold directly?

The filing states that Mu Yang holds 55,128 Kanzhun Class A ordinary shares directly. A related footnote explains that these are held through American Depositary Shares, with each ADS representing two Class A ordinary shares of Kanzhun Ltd.

How are Kanzhun American Depositary Shares related to Class A ordinary shares?

The footnotes explain that Kanzhun American Depositary Shares, or ADSs, each represent two Class A ordinary shares. This means the reported ADS holdings correspond to twice as many underlying Class A ordinary shares in the company’s capital structure.

Do Mu Yang’s Kanzhun RSUs provide immediate shares or future settlement?

Each restricted share unit represents a contingent right to receive one Kanzhun Class A ordinary share at settlement. The awards vest over time according to their grant schedules, and the Form 3 reports the number of outstanding units as of the reported date.