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Kanzhun (BZ) CEO shifts 3.18M shares from Class B to Class A

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

Rhea-AI Filing Summary

Kanzhun Ltd Chief Executive Officer Peng Zhao, through Techwolf Limited, converted 3,183,680 Class B ordinary shares into 3,183,680 Class A ordinary shares on a one-to-one basis. The footnotes state there is no change in the total ordinary shares in which he is interested; the move was required to comply with Hong Kong Listing Rules on weighted voting rights after the issuer cancelled repurchased Class A shares.

Positive

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Negative

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Insider Zhao Peng Jonathan
Role Chief Executive Officer
Type Security Shares Price Value
Other Class B ordinary shares 3,183,680 $0.00 --
Other Class A ordinary shares 3,183,680 $0.00 --
Holdings After Transaction: Class B ordinary shares — 123,342,721 shares (Indirect, By Techwolf Limited); Class A ordinary shares — 3,567,680 shares (Indirect, By Techwolf Limited)
Footnotes (1)
  1. There is no change to the total number of ordinary shares in which Mr. Peng Zhao is interested as previously disclosed. The conversion was effected to comply with an obligation under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Following the issuer's cancellation of Class A ordinary shares repurchased by the issuer, Mr. Peng Zhao, as the weighted voting rights ("WVR") beneficiary of the issuer, proportionately reduced his WVR by converting his Class B ordinary shares into Class A ordinary shares on a one-to-one ratio pursuant to Rule 8A.21 of the Listing Rules, so that the proportion of the issuer's shares carrying WVR of the issuer would not be increased, in compliance with the requirements under Rules 8A.13 and 8A.15 of the Listing Rules. By Techwolf Limited, a British Virgin Islands company. The entire interest in Techwolf Limited is held by a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family.
Shares converted each class 3,183,680 shares Class A received and Class B converted on June 12, 2026
Class A shares held after 3,567,680 shares Indirectly owned via Techwolf Limited after transaction
Class B shares held after 123,342,721 shares Indirectly owned via Techwolf Limited after transaction
Total restructuring shares 6,367,360 shares RestructuringShares in transaction summary
Class A ordinary shares financial
"Class A ordinary shares repurchased by the issuer"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
Class B ordinary shares financial
"converting his Class B ordinary shares into Class A ordinary shares"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
weighted voting rights financial
"Mr. Peng Zhao, as the weighted voting rights ("WVR") beneficiary of the issuer"
A system where some shares carry more voting power than others so certain owners can control corporate decisions with fewer shares. Think of it like tickets to a meeting where some tickets count for five votes and others for one: it lets founders or insiders steer strategy and board picks even if they don't own most of the stock. For investors this affects corporate governance, the protection of minority shareholders, and how much influence public holders have over major decisions.
Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited regulatory
"to comply with an obligation under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited"
A formal rulebook that sets the eligibility, disclosure, governance and ongoing reporting requirements for companies that want their stocks or bonds traded on the Hong Kong Stock Exchange. It tells issuers what documents, financial standards and corporate controls they must have and what information they must share with the market. For investors, these rules act like a building code or recipe—creating consistent standards and transparency that help evaluate risk, compare issuers and trust that the market operates fairly.
Rule 8A.21 regulatory
"converting his Class B ordinary shares into Class A ordinary shares on a one-to-one ratio pursuant to Rule 8A.21 of the Listing Rules"
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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*
Zhao Peng Jonathan
(Last)(First)(Middle)
21/F, GRANDYVIC BUILDING, TAIYANGGONG
MIDDLE ROAD, 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)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
[HKEX: 2076]
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		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 B ordinary shares06/12/2026J3,183,680(1)D$0123,342,721IBy Techwolf Limited(2)
Class A ordinary shares06/12/2026J3,183,680(1)A$03,567,680IBy Techwolf Limited(2)
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
Explanation of Responses:
1. There is no change to the total number of ordinary shares in which Mr. Peng Zhao is interested as previously disclosed. The conversion was effected to comply with an obligation under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Following the issuer's cancellation of Class A ordinary shares repurchased by the issuer, Mr. Peng Zhao, as the weighted voting rights ("WVR") beneficiary of the issuer, proportionately reduced his WVR by converting his Class B ordinary shares into Class A ordinary shares on a one-to-one ratio pursuant to Rule 8A.21 of the Listing Rules, so that the proportion of the issuer's shares carrying WVR of the issuer would not be increased, in compliance with the requirements under Rules 8A.13 and 8A.15 of the Listing Rules.
2. By Techwolf Limited, a British Virgin Islands company. The entire interest in Techwolf Limited is held by a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family.
/s/ Peng Zhao06/15/2026
** 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

FAQ

What insider transaction did Kanzhun (BZ) report for Peng Zhao?

Kanzhun reported that CEO Peng Zhao, via Techwolf Limited, converted 3,183,680 Class B ordinary shares into 3,183,680 Class A ordinary shares. The filing notes this was a one-to-one conversion and did not change his total ordinary share interest.

Did Peng Zhao’s total shareholding in Kanzhun (BZ) change in this Form 4?

The filing states there is no change to the total number of Kanzhun ordinary shares in which Peng Zhao is interested. Only the mix between Class A and Class B changed due to a one-to-one conversion to maintain required voting-rights proportions.

How many Kanzhun (BZ) Class A and Class B shares does Peng Zhao hold after the transaction?

After the restructuring, Peng Zhao, through Techwolf Limited, holds 3,567,680 Class A ordinary shares and 123,342,721 Class B ordinary shares. Both positions are reported as indirect ownership through Techwolf Limited, a British Virgin Islands company.

Why did Kanzhun’s CEO convert Class B shares into Class A shares?

The conversion was made to comply with Hong Kong Listing Rules on weighted voting rights. After Kanzhun cancelled repurchased Class A shares, Peng Zhao proportionately reduced his weighted voting rights by converting Class B into Class A so the proportion of WVR shares would not increase.

Who is Techwolf Limited in relation to Kanzhun (BZ) CEO Peng Zhao?

Techwolf Limited is a British Virgin Islands company that holds Kanzhun shares reported in the Form 4. The entire interest in Techwolf Limited is held by a trust established by Peng Zhao as settlor for the benefit of himself and his family.