Kanzhun CEO converts 3.18M Class B into Class A
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.
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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.
Insider Trade Summary
Other: 6,367,360 shares
Other
2 txns
Insider
Zhao Peng Jonathan
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B ordinary shares | 3,183,680 | $0.00 | $0.00 |
| Other | Class A ordinary shares | 3,183,680 | $0.00 | $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 (2)
- F1. 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.
- F2. 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.
Key Figures
Shares converted each class: 3,183,680 shares
Class A shares held after: 3,567,680 shares
Class B shares held after: 123,342,721 shares
+1 more
4 metrics
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
Key Terms
Class A ordinary shares, Class B ordinary shares, weighted voting rights, Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, +1 more
5 terms
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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