Kanzhun director exercises RSUs, sells shares for tax

Kanzhun Ltd director Mu Yang exercised restricted share units and completed a small related share sale.

Rhea-AI Filing Summary

Kanzhun Ltd director Mu Yang exercised restricted share units and completed a small related share sale. On March 30, 2026, 40,000 restricted share units vested and converted into 40,000 Class A ordinary shares, delivered in the form of ADSs, as equity compensation. On the same date, 16,968 Class A ordinary shares were sold at $6.6903 per share in a sell-to-cover transaction to satisfy tax withholding obligations tied to the RSU vesting. After these transactions, Mu Yang directly holds 81,560 Class A ordinary shares, indicating this filing mainly reflects routine compensation vesting and associated tax-related sales rather than a discretionary change in ownership.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Mu Yang

Role Director

Sold 16,968 shs ($114K)

Approx. gross sale proceeds $114K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit	40,000	$0.00	$0.00
Exercise	Class A ordinary shares	40,000	$0.00	$0.00
Sale	Class A ordinary shares	16,968	$6.6903	$114K

Holdings After Transaction: Restricted Share Unit — 40,000 contracts (Direct); Class A ordinary shares — 81,560 shares (Direct)

Footnotes (5)

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. Represents Class A ordinary shares acquired in the form of ADS upon the vesting of restricted share units ("RSU") on March 30, 2026.
3. F3. The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations in connection with the vesting and settlement of the RSUs.
4. F4. Each RSU represents a contingent right to receive one Class A ordinary share at settlement.
5. F5. The RSUs vested and settled on March 30, 2026.

Key Figures

RSUs vested into shares: 40,000 Class A ordinary shares Shares sold to cover taxes: 16,968 Class A ordinary shares Sale price per share: $6.6903 per share +2 more

5 metrics

RSUs vested into shares 40,000 Class A ordinary shares Restricted share units vested and settled on March 30, 2026

Shares sold to cover taxes 16,968 Class A ordinary shares Sell-to-cover transaction on March 30, 2026

Sale price per share $6.6903 per share Price for Class A ordinary shares sold in tax-related transaction

Shares held after transactions 81,560 Class A ordinary shares Direct ownership following March 30, 2026 transactions

ADS to share ratio 1 ADS = 2 Class A ordinary shares Structure of American Depositary Shares representing Kanzhun equity

Key Terms

Restricted Share Unit, American Depositary Shares, sell-to-cover, tax withholding obligations, +1 more

5 terms

Restricted Share Unit financial

"Represents Class A ordinary shares acquired in the form of ADS upon the vesting of restricted share units"

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

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.

sell-to-cover financial

"The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

tax withholding obligations financial

"sold in a "sell-to-cover" transaction to cover tax withholding obligations in connection with the vesting"

Class A ordinary shares financial

"Each ADS represents two Class A ordinary shares"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

FAQ

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

What insider transaction did Mu Yang report at Kanzhun Ltd (BZ)?

Mu Yang reported RSU vesting and a related share sale. On March 30, 2026, 40,000 restricted share units converted into 40,000 Class A ordinary shares, followed by a sale of 16,968 shares to cover tax withholding obligations arising from the RSU vesting.

How many Kanzhun (BZ) shares did Mu Yang acquire from RSU vesting?

Mu Yang acquired 40,000 Class A ordinary shares through RSU vesting. Each restricted share unit represented a contingent right to receive one Class A ordinary share, and the RSUs vested and settled on March 30, 2026 in the form of American Depositary Shares.

How many Kanzhun (BZ) shares did Mu Yang sell and at what price?

Mu Yang sold 16,968 Class A ordinary shares at a price of $6.6903 per share. According to the disclosure, the shares were sold in a sell-to-cover transaction specifically to fund tax withholding obligations linked to the vesting and settlement of the RSUs.

Why was Mu Yang’s Kanzhun (BZ) share sale classified as sell-to-cover?

The sale is described as sell-to-cover because the 16,968 shares were sold solely to cover tax withholding obligations. These obligations arose in connection with the vesting and settlement of restricted share units, making the sale a tax-driven, mechanical transaction rather than a discretionary open-market liquidation.

How many Kanzhun (BZ) shares does Mu Yang hold after these transactions?

After the RSU vesting and related tax sale, Mu Yang directly holds 81,560 Class A ordinary shares. This figure represents his direct ownership following the March 30, 2026 exercise of 40,000 restricted share units and the sale of 16,968 shares for tax withholding purposes.

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

Kanzhun’s Class A ordinary shares are held through American Depositary Shares for this insider. Each American Depositary Share represents two Class A ordinary shares, so the equity awards and resulting holdings are effectively held in ADS form while reflecting underlying Class A share ownership.

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

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Accepted by SEC EDGAR 04/01/2026 - 04:06 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mu Yang

(Last) (First) (Middle)

21/F, GRANDYVIC BUILDING

TAIYANGGONG MIDDLE RD CHAOYANG DISTRICT

(Street)

BEIJING F4 100028

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol
[HKEX: 2076]

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares(1)	03/30/2026		M		40,000(2)	A	(2)	98,528	D
Class A ordinary shares(1)	03/30/2026		S		16,968(3)	D	$6.6903	81,560	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Unit	(4)	03/30/2026		M			40,000	(5)	(5)	Class A ordinary shares	40,000	$0	40,000	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. Represents Class A ordinary shares acquired in the form of ADS upon the vesting of restricted share units ("RSU") on March 30, 2026.

3. The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations in connection with the vesting and settlement of the RSUs.

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

5. The RSUs vested and settled on March 30, 2026.

	/s/ Yang Mu	04/01/2026
	** 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 4 (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 4: SEC 1474 (03-26)