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

The filing states that each American Depositary Share, or ADS, represents two Class A ordinary shares of Kanzhun. The CTO’s newly vested shares were acquired in ADS form, giving international investors exposure while being backed by underlying Class A ordinary shares.

Kanzhun CTO exercises 24,008 RSUs into shares

Kanzhun Ltd Chief Technology Officer Kylen Tao Zhang exercised restricted share units that vested on March 30, 2026, acquiring 24,008 Class A ordinary shares at a conversion price of $0.00 per share.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Kanzhun Ltd Chief Technology Officer Kylen Tao Zhang exercised restricted share units that vested on March 30, 2026, acquiring 24,008 Class A ordinary shares at a conversion price of $0.00 per share. These were received in the form of American Depositary Shares, with each ADS representing two Class A ordinary shares.

Following the RSU vesting and settlement, he directly holds 93,458 Class A ordinary shares. In addition, 1,205,876 Class A ordinary shares are held indirectly through KZBZ Limited, an employee shareholding trust benefiting employees including Mr. Zhang.

Insider Trade Summary

24,008 shares exercised/converted

Exercise 3 txns

Insider Zhang Kylen Tao

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit	24,008	$0.00	$0.00
Exercise	Class A ordinary shares	24,008	$0.00	$0.00
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Restricted Share Unit — 24,010 contracts (Direct); Class A ordinary shares — 93,458 shares (Direct); Class A ordinary shares — 1,205,876 shares (Indirect, By KZBZ Limited)

Footnotes (5)

F1. These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer. Each ADS represents two Class A ordinary shares.
F2. Represents Class A ordinary shares acquired in the form of ADS upon the vesting of restricted share units ("RSU") on March 30, 2026.
F3. 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. Tao Zhang.
F4. Each RSU represents a contingent right to receive one Class A ordinary share at settlement.
F5. The RSUs vested and settled on March 30, 2026.

Key Figures

RSUs exercised: 24,008 units Direct Class A shares after transaction: 93,458 shares Indirect Class A shares via KZBZ Limited: 1,205,876 shares +2 more

5 metrics

RSUs exercised 24,008 units RSUs vested and settled on March 30, 2026

Direct Class A shares after transaction 93,458 shares Direct holdings following RSU conversion

Indirect Class A shares via KZBZ Limited 1,205,876 shares Held by employee shareholding trust including Mr. Zhang

ADS to share ratio 1 ADS : 2 shares Each ADS represents two Class A ordinary shares

RSU settlement price $0.00 per share Conversion or exercise price for vested RSUs

Key Terms

Restricted Share Unit, American Depositary Shares, employee shareholding trust, contingent right

4 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.

employee shareholding trust financial

"as trustee of an employee shareholding trust, for the benefit of employees including Mr. Tao Zhang"

contingent right financial

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

FAQ

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

What insider transaction did Kanzhun (BZ) report for CTO Kylen Tao Zhang?

Kanzhun reported its CTO, Kylen Tao Zhang, exercised restricted share units that vested on March 30, 2026, acquiring 24,008 Class A ordinary shares at a conversion price of zero. The transaction reflects equity compensation vesting rather than an open-market share purchase or sale.

How many Kanzhun (BZ) shares does the CTO hold directly after this Form 4?

After the RSU vesting, the CTO directly holds 93,458 Class A ordinary shares of Kanzhun. These shares result from equity awards and prior holdings, giving a clearer view of his direct stake following the 24,008-share RSU conversion reported in the filing.

What are the details of the RSUs Kanzhun (BZ) reported for its CTO?

Each restricted share unit represents a contingent right to receive one Class A ordinary share at settlement. On March 30, 2026, 24,008 RSUs vested and settled into 24,008 Class A ordinary shares, received in the form of American Depositary Shares representing two ordinary shares each.

What is KZBZ Limited’s role in Kanzhun (BZ) insider holdings?

KZBZ Limited holds 1,205,876 Class A ordinary shares as part of an employee shareholding trust. Shares of KZBZ Limited are held by a trustee for the benefit of employees, including CTO Kylen Tao Zhang, reflecting indirect economic exposure rather than additional direct ownership.

Did the Kanzhun (BZ) CTO sell any shares in this Form 4 filing?

The Form 4 shows exercises and acquisitions, not open-market sales. The primary transaction is the vesting and settlement of 24,008 restricted share units into Class A ordinary shares, classified as a derivative exercise or conversion rather than a sale of existing holdings.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 04/01/2026 - 04:08 PM EDT

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^*

Zhang Kylen Tao

(Last)

(First)

(Middle)

21/F, GRANDYVIC BUILDING

TAIYANGGONG MIDDLE RD CHAOYANG DISTRICT

(Street)

BEIJING

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
X	Officer (give title below)	Other (specify below)
	Chief Technology Officer

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A ordinary shares⁽¹⁾	03/30/2026		M		24,008⁽²⁾	A	⁽²⁾	93,458	D
Class A ordinary shares								1,205,876	I	By KZBZ Limited⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Unit	⁽⁴⁾	03/30/2026		M			24,008	⁽⁵⁾	⁽⁵⁾	Class A ordinary shares	24,008	$0	24,010	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 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. Tao Zhang.

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/ Tao Zhang	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)

Source: View Original Filing on SEC EDGAR