Kanzhun (BZ) president Xu Chen exercises 4,702 RSUs into Class A shares

Rhea-AI Filing Summary

Kanzhun Ltd director and president Xu Chen reported an equity award vesting and option-style exercise. On March 20, 2026, he exercised 4,702 restricted share units, receiving 4,702 Class A ordinary shares at a conversion price of $0.00 per share.

After this transaction, he directly holds 153,054 Class A ordinary shares. He also has indirect ownership of 184,522 Class A ordinary shares through KZBZ Limited, an employee shareholding trust benefiting employees including Xu Chen. The shares are held in the form of American Depositary Shares, with each ADS representing two Class A ordinary shares.

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

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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)
	President

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		4,702(2)	A	(2)	153,054	D
Class A ordinary shares								184,522	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Unit	(4)	03/20/2026		M			4,702	(5)	(5)	Class A ordinary shares	4,702	$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 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.

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

5. The RSUs vested on March 20, 2026.

	/s/ Xu Chen	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)

FAQ

What insider transaction did Kanzhun Ltd (BZ) report for Xu Chen?

Kanzhun Ltd reported that president and director Xu Chen exercised 4,702 restricted share units on March 20, 2026. This exercise delivered 4,702 Class A ordinary shares to him, reflecting the vesting of a prior equity award rather than an open-market stock purchase or sale.

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

Following the March 20, 2026 transactions, Xu Chen directly holds 153,054 Class A ordinary shares of Kanzhun. He also has indirect ownership of 184,522 Class A ordinary shares through KZBZ Limited, an employee shareholding trust benefiting employees including him, according to the filing footnotes.

Were Kanzhun (BZ) shares bought or sold on the market in this Form 4?

The Form 4 shows no open-market buys or sells. Instead, Xu Chen acquired 4,702 Class A ordinary shares by exercising restricted share units at a conversion price of $0.00 per share, reflecting equity compensation vesting rather than discretionary trading activity.

What are the terms of Kanzhun (BZ) restricted share units reported for Xu Chen?

Each restricted share unit reported represents a contingent right to receive one Class A ordinary share of Kanzhun at settlement. The RSUs in this filing vested on March 20, 2026, triggering delivery of 4,702 Class A ordinary shares to Xu Chen at no cash exercise price.

How are Kanzhun (BZ) shares held for Xu Chen through ADS and KZBZ Limited?

The filing states Kanzhun Class A ordinary shares are held through American Depositary Shares, with each ADS representing two Class A ordinary shares. Indirect holdings are through KZBZ Limited, an employee shareholding trust holding shares for employees including Xu Chen as a beneficiary.

Does the Kanzhun (BZ) Form 4 show any remaining derivative awards for Xu Chen?

The summary data indicates one derivative exercise totaling 4,702 units and shows no remaining derivative positions in the derivative holdings summary. This suggests the RSUs referenced in this Form 4 were fully settled into Class A ordinary shares on March 20, 2026.