Kanzhun CMO sells 400K shares after option exercise

Kanzhun’s CMO exercised 400,000 options and sold the resulting shares in a cashless transaction, retaining options and indirect trust-held shares.

Rhea-AI Filing Summary

Kanzhun Ltd (BZ) director and Chief Marketing Officer Chen Xu reported a cashless exercise and sale on September 4, 2026. He exercised 400,000 options for Class A ordinary shares at an exercise price of $0.50 per share, receiving 400,000 Class A ordinary shares. He then sold 400,000 Class A ordinary shares (in the form of ADSs, each ADS representing two Class A ordinary shares) at a weighted average price of about $8.50 per share, with actual sale prices ranging from $8.47 to $8.535. After the option exercise, 909,000 options remained held directly, and 184,522 Class A ordinary shares were held indirectly through KZBZ Limited, an employee shareholding trust benefiting employees including Chen Xu. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Exercise and Sale: 400,000 shares ($3.20M approx. pre-tax spread)

Exercise and Sale 4 txns

Insider Chen Xu

Role Chief Marketing Officer

Sold 400,000 shs ($3.40M)

Approx. gross sale proceeds $3.40M

Approx. exercise cost $200K

Approx. pre-tax spread $3.20M

Type	Security	Shares	Price	Value
Exercise	Option (Right to Buy) F5	400,000	$0.00	$0.00
Exercise	Class A ordinary shares F1	400,000	$0.50	$200K
Sale	Class A ordinary shares F1, F2, F3	400,000	$8.50	$3.40M
holding	Class A ordinary shares F4	--	--	--

Holdings After Transaction: Option (Right to Buy) — 909,000 contracts (Direct); Class A ordinary shares — 153,340 shares (Direct); Class A ordinary shares — 184,522 shares (Indirect, By KZBZ Limited)

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 sold in the form of ADS in connection with the cashless exercise of the Options reported on this Form 4.
3. F3. Represents weighted average sales price. The shares were sold at prices ranging from $8.47 to $8.535. The Reporting Person will provide upon request, to the Securities and Exchange Commission (the "SEC"), the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
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. All options granted have been fully vested and are exercisable as of the date hereof.

Key Figures

Options exercised: 400,000 options Option exercise price: $0.50 per share Shares sold: 400,000 Class A ordinary shares +4 more

7 metrics

Options exercised 400,000 options Options for Class A ordinary shares exercised on September 4, 2026

Option exercise price $0.50 per share Exercise price of options converted into Class A ordinary shares

Shares sold 400,000 Class A ordinary shares Shares sold in the form of ADSs on September 4, 2026

Weighted average sale price $8.50 per share Weighted average for sales between $8.47 and $8.535 per share

Options held after transaction 909,000 options Direct option holdings following the exercise on September 4, 2026

Indirect shares held 184,522 Class A ordinary shares Indirectly held through KZBZ Limited employee shareholding trust

ADS share ratio 2 Class A ordinary shares per ADS Each ADS represents two Class A ordinary shares

Key Terms

cashless exercise, American Depositary Shares, weighted average sales price, employee shareholding trust

4 terms

cashless exercise financial

"sold in the form of ADS in connection with the cashless exercise of the Options"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

American Depositary Shares financial

"These Class A ordinary shares are held through American Depositary Shares"

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.

weighted average sales price financial

"Represents weighted average sales price. The shares were sold at prices ranging"

employee shareholding trust financial

"as trustee of an employee shareholding trust, for the benefit of employees"

FAQ

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

What did Kanzhun (BZ) executive Chen Xu report in this Form 4?

Chen Xu, a director and Chief Marketing Officer of Kanzhun, reported exercising 400,000 stock options for Class A ordinary shares and selling 400,000 Class A ordinary shares (via ADSs) on September 4, 2026 in a cashless exercise transaction.

At what prices were the Kanzhun (BZ) shares sold in Chen Xu’s Form 4?

The reported weighted average sales price was about $8.50 per share, with actual sale prices ranging from $8.47 to $8.535 per share for the 400,000 Class A ordinary shares sold in the form of ADSs.

What was the exercise price of the Kanzhun (BZ) options in Chen Xu’s transaction?

The 400,000 options exercised by Chen Xu had an exercise price of $0.50 per share. A footnote states that all options granted had been fully vested and were exercisable as of the transaction date.

How many Kanzhun (BZ) options and shares does Chen Xu hold after this Form 4?

After the reported transactions, Chen Xu directly holds 909,000 options and has an indirect holding of 184,522 Class A ordinary shares through KZBZ Limited, an employee shareholding trust benefiting employees including him.

Were Chen Xu’s Kanzhun (BZ) transactions under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 indicator is not checked, and there is no footnote stating that the reported transactions were made pursuant to a Rule 10b5-1 trading plan.

How are Kanzhun (BZ) ADSs related to Class A ordinary shares in this Form 4?

The filing states that the Class A ordinary shares involved are held through American Depositary Shares, and that each ADS represents two Class A ordinary shares. The sales were executed in the form of ADSs.

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

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Available on EDGAR 09/09/2026 - 04:03 PM Accepted by SEC EDGAR 09/09/2026 - 04:02 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^*

Chen Xu

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

2a. Foreign Trading Symbol
[HKEX: 2076]

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026

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)	09/04/2026		M		400,000	A	$0.5	553,340	D
Class A ordinary shares(1)	09/04/2026		S		400,000(2)	D	$8.5(3)	153,340	D
Class A ordinary shares								184,522	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Buy)	$0.5	09/04/2026		M			400,000	(5)	02/18/2031	Class A ordinary shares	400,000	$0	909,000	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 sold in the form of ADS in connection with the cashless exercise of the Options reported on this Form 4.

3. Represents weighted average sales price. The shares were sold at prices ranging from $8.47 to $8.535. The Reporting Person will provide upon request, to the Securities and Exchange Commission (the "SEC"), the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.

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. All options granted have been fully vested and are exercisable as of the date hereof.

	/s/ Xu Chen	09/09/2026
	** 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)