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  4. [Form 4] Kanzhun Ltd Insider Trading Activity

Kanzhun (BZ) president granted 932,434 RSUs, small tax sell-to-cover

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kanzhun Ltd President Chen Xu reported routine equity compensation activity and a small tax-related share sale. On June 15, 2026, he received a grant of 932,434 restricted share units, each representing a contingent right to one Class A ordinary share that vests in equal portions over four years.

On June 16, 2026, 370 RSUs vested and were settled in Class A ordinary shares, and 84 Class A ordinary shares were sold at $6.825 per share in a sell-to-cover transaction to satisfy tax withholding obligations. After these transactions, Chen Xu holds 153,340 Class A ordinary shares directly and 184,522 Class A ordinary shares indirectly through KZBZ Limited, in addition to the unvested RSUs.

Positive

  • None.

Negative

  • None.
Insider Chen Xu
Role President
Sold 84 shs ($573.30)
Approx. gross sale proceeds $573.30
Approx. exercise cost $0.00
Type Security Shares Price Value
Exercise Restricted Share Unit 370 $0.00 $0.00
Exercise Class A ordinary shares 370 $0.00 $0.00
Sale Class A ordinary shares 84 $6.825 $573.30
Grant/Award Restricted Share Unit 932,434 $0.00 $0.00
holding Class A ordinary shares -- -- --
Holdings After Transaction: Restricted Share Unit — 932,434 shares (Direct); Class A ordinary shares — 153,340 shares (Direct); Class A ordinary shares — 184,522 shares (Indirect, By KZBZ Limited)
Footnotes (7)
  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 June 16, 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. 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.
  5. F5. Each RSU represents a contingent right to receive one Class A ordinary share at settlement.
  6. F6. 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.
  7. F7. The RSUs vested on June 16, 2026.
Tax sell-to-cover sale 84 shares at $6.825 Class A ordinary shares sold June 16, 2026
RSUs vested 370 RSUs Vested and settled into Class A ordinary shares on June 16, 2026
RSU grant size 932,434 RSUs Granted June 15, 2026, vesting over four years
Direct holdings after transactions 153,424 Class A ordinary shares Direct ownership following June 16, 2026 transactions
Indirect holdings 184,522 Class A ordinary shares Held indirectly through KZBZ Limited as of June 15, 2026
ADS share ratio 2 Class A shares per ADS Each ADS represents two Class A ordinary shares
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.
Restricted Share Unit financial
"Restricted Share Unit"
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.
RSU financial
"Represents Class A ordinary shares acquired in the form of ADS upon the vesting of restricted share units ("RSU") on June 16, 2026."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
employee shareholding trust financial
"as trustee of an employee shareholding trust, for the benefit of employees including Mr. Xu Chen."

FAQ

What did Kanzhun (BZ) President Chen Xu report in this Form 4?
Chen Xu reported a large restricted share unit grant and a small related share sale. He was granted 932,434 RSUs, had 370 RSUs vest into shares, and sold 84 shares to cover tax withholding.

How many Kanzhun RSUs were granted to Chen Xu in this filing?
Chen Xu received a grant of 932,434 restricted share units. Each RSU represents a contingent right to receive one Class A ordinary share, vesting in equal portions over four years from June 15, 2026.

Why did Chen Xu sell Kanzhun Class A ordinary shares in June 2026?
He sold 84 Class A ordinary shares at $6.825 each in a sell-to-cover transaction. The filing explains the sale was solely to cover tax withholding obligations related to the vesting and settlement of RSUs.

How many Kanzhun shares does Chen Xu own after these transactions?
After the reported transactions, Chen Xu holds 153,424 Class A ordinary shares directly. He also has an indirect interest in 184,522 Class A ordinary shares held through KZBZ Limited, plus 932,434 unvested RSUs.

How do Kanzhun’s RSUs reported for Chen Xu vest over time?
The restricted share unit award granted on June 15, 2026 vests in equal portions over four years. Vesting occurs on each anniversary of the grant date, subject to the terms and conditions of the underlying award agreement.

How are Kanzhun shares held and reported in the Form 4 for Chen Xu?
The filing notes the Class A ordinary shares are held through American Depositary Shares, with each ADS representing two Class A ordinary shares. It also shows indirect holdings via KZBZ Limited, an employee shareholding trust.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Chen Xu
(Last)(First)(Middle)
21/F, GRANDYVIC BUILDING
TAIYANGGONG MIDDLE RD CHAOYANG DISTRICT
(Street)
BEIJINGF4100028
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President
2a. Foreign Trading Symbol
[HKEX: 2076]
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A ordinary shares(1)06/16/2026M370(2)A(2)153,424D
Class A ordinary shares(1)06/16/2026S84(3)D$6.825153,340D
Class A ordinary shares184,522IBy KZBZ Limited(4)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Unit(5)06/15/2026A932,434 (6) (6)Class A ordinary shares932,434$0932,434D
Restricted Share Unit(5)06/16/2026M370 (7) (7)Class A ordinary shares370$00D
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 June 16, 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. 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.
5. Each RSU represents a contingent right to receive one Class A ordinary share at settlement.
6. 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.
7. The RSUs vested on June 16, 2026.
/s/ Xu Chen06/17/2026
** Signature of Reporting PersonDate
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