Kanzhun (BZ) CTO receives 932,434 RSU grant vesting over four years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zhang Kylen Tao reported acquisition or exercise transactions in this Form 4 filing.
Kanzhun Ltd reported that Chief Technology Officer Zhang Kylen Tao received a grant of 932,434 restricted share units (RSUs) tied to the company’s Class A ordinary shares. Each RSU represents the right to receive one share and will vest in equal portions over four years on each anniversary of the June 15, 2026 grant date, subject to the award agreement. Following this grant, Tao holds 932,434 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zhang Kylen Tao
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 932,434 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 932,434 shares (Direct, null)
Footnotes (1)
- Each RSU represents a contingent right to receive one Class A ordinary share at settlement. This restricted share unit award was granted on June 15, 2026, 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.
Key Figures
RSUs granted: 932,434 units
Total RSUs following transaction: 932,434 units
RSU price per unit: $0.00 per unit
+1 more
4 metrics
RSUs granted
932,434 units
Restricted share units granted on June 15, 2026
Total RSUs following transaction
932,434 units
Direct holdings after reported grant
RSU price per unit
$0.00 per unit
Grant/award acquisition, no cash exercise price
Vesting period
4 years
Equal portions on each anniversary of June 15, 2026
Key Terms
Restricted Share Unit, Class A ordinary shares, vests in equal portions, award agreement
4 terms
vests in equal portions financial
"vests in equal portions over four years on each anniversary of the grant date"
award agreement financial
"subject to the terms and conditions of the underlying award agreement."
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
FAQ
What did Kanzhun (BZ) disclose about CTO Zhang Kylen Tao’s equity grant?
Kanzhun disclosed that CTO Zhang Kylen Tao received 932,434 restricted share units. Each RSU represents a right to one Class A ordinary share, providing long-term equity-based compensation instead of a cash transaction in the open market.
How many Kanzhun RSUs were granted to CTO Zhang Kylen Tao?
CTO Zhang Kylen Tao was granted 932,434 restricted share units. These RSUs give him a contingent right to receive an equal number of Class A ordinary shares if vesting conditions are satisfied over the specified schedule.
What is the vesting schedule for Zhang Kylen Tao’s Kanzhun RSU award?
The RSU award granted to Zhang Kylen Tao on June 15, 2026 vests in equal portions over four years. Vesting occurs on each anniversary of the grant date, subject to the terms of the underlying award agreement and continued satisfaction of its conditions.
What security underlies the Kanzhun RSUs granted to the CTO?
Each restricted share unit granted to the CTO is linked to one Class A ordinary share of Kanzhun. As RSUs vest and settle, the holder becomes entitled to receive Class A ordinary shares according to the award agreement’s terms.
How many Kanzhun RSUs does the CTO hold after this grant?
After this RSU grant, CTO Zhang Kylen Tao holds 932,434 restricted share units directly. This figure reflects the total RSUs reported following the transaction and represents potential future Class A ordinary shares upon vesting and settlement.