Kanzhun director exercises RSUs, small share sale

Kanzhun Ltd director Mu Yang reported an RSU vesting and related share sale.

Rhea-AI Filing Summary

Kanzhun Ltd director Mu Yang reported an RSU vesting and related share sale. On March 20, 2026, Yang exercised 3,910 restricted share units, receiving the same number of Class A ordinary shares, which are held through ADSs where each ADS represents two Class A ordinary shares.

On the same date, Yang sold 510 Class A ordinary shares at a weighted-average price of $6.6798 in a sell-to-cover transaction to satisfy tax withholding obligations tied to the RSU vesting. After these transactions, Yang directly owned 58,528 Class A ordinary shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Mu Yang

Role Director

Sold 510 shs ($3K)

Approx. gross sale proceeds $3K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit	3,910	$0.00	$0.00
Exercise	Class A ordinary shares	3,910	$0.00	$0.00
Sale	Class A ordinary shares	510	$6.6798	$3K

Holdings After Transaction: Restricted Share Unit — 0 contracts (Direct); Class A ordinary shares — 58,528 shares (Direct)

Footnotes (6)

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 20, 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. Represents weighted average sales price. The shares were sold at prices ranging from $6.66 to $6.7025. 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.
5. F5. Each RSU represents a contingent right to receive one Class A ordinary share at settlement.
6. F6. The RSUs vested on March 20, 2026.

FAQ

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

What insider transactions did Kanzhun (BZ) director Mu Yang report?

Mu Yang reported RSU vesting and a related sale. He exercised 3,910 restricted share units into 3,910 Class A ordinary shares, then sold 510 shares in a sell-to-cover transaction to satisfy tax withholding obligations connected to the vesting and settlement.

How many Kanzhun (BZ) shares did Mu Yang acquire and sell in this Form 4?

Mu Yang acquired 3,910 Class A ordinary shares from vested RSUs and sold 510 shares. The sale covered tax withholding obligations, leaving him with 58,528 Class A ordinary shares held directly after completing these March 20, 2026 transactions.

At what price were Kanzhun (BZ) shares sold in Mu Yang’s sell-to-cover trade?

The 510 Class A ordinary shares were sold at a weighted-average price of $6.6798. Footnotes state individual trades occurred between $6.66 and $6.7025, and full pricing details are available from the reporting person upon reasonable request.

What triggered Mu Yang’s RSU-related transactions in Kanzhun (BZ)?

The transactions were triggered by RSUs vesting on March 20, 2026. Each restricted share unit represented a contingent right to receive one Class A ordinary share at settlement, and the vesting created taxable income, requiring a sell-to-cover trade to fund withholding taxes.

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

Following the RSU exercise and sell-to-cover sale, Mu Yang directly holds 58,528 Class A ordinary shares. These shares are held through American Depositary Shares, with each ADS representing two Class A ordinary shares, according to the footnote disclosure.

Are Mu Yang’s Kanzhun (BZ) shares held as ADS and what is the ratio?

Yes. The Class A ordinary shares are held through American Depositary Shares. Each ADS represents two Class A ordinary shares, providing U.S. investors an indirect way to hold the underlying equity while trading the ADS units on U.S. markets.

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

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Accepted by SEC EDGAR 03/24/2026 - 04:13 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)
03/20/2026

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)	03/20/2026		M		3,910(2)	A	(2)	59,038	D
Class A ordinary shares(1)	03/20/2026		S		510(3)	D	$6.6798(4)	58,528	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	(5)	03/20/2026		M			3,910	(6)	(6)	Class A ordinary shares	3,910	$0	0	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 20, 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. Represents weighted average sales price. The shares were sold at prices ranging from $6.66 to $6.7025. 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.

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

6. The RSUs vested on March 20, 2026.

	/s/ Yang Mu	03/24/2026
	** 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)