Deputy CFO of Kanzhun (BZ) exercises RSUs, sells shares to cover tax

Rhea-AI Filing Summary

Kanzhun Ltd deputy CFO Wang Wenbei exercised restricted share units that vested on March 30, 2026, acquiring 54,242 Class A ordinary shares, held via American Depositary Shares where each ADS represents two Class A shares. A small portion, 814 shares, was sold in a sell-to-cover transaction at a weighted average price of $6.6914 to satisfy tax withholding obligations related to the RSU vesting. Following these transactions, Wang directly holds 123,588 Class A ordinary shares.

Insider Trade Summary

Net Seller: 814 shares ($5,447)

Net Sell 3 txns

Insider Wang Wenbei

Role Deputy Chief Financial Officer

Sold 814 shs ($5K)

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit	54,242	$0.00	--
Exercise	Class A ordinary shares	54,242	$0.00	--
Sale	Class A ordinary shares	814	$6.6914	$5K

Holdings After Transaction: Restricted Share Unit — 54,244 shares (Direct); Class A ordinary shares — 124,402 shares (Direct)

Footnotes (1)

1. These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer. Each ADS represents two Class A ordinary shares. Represents Class A ordinary shares acquired in the form of ADS upon the vesting of restricted share units ("RSU") on March 30, 2026. 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. Represents weighted average sales price. The shares were sold at prices ranging from $6.6914 to $6.6918. 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. Each RSU represents a contingent right to receive one Class A ordinary share at settlement. The RSUs vested and settled on March 30, 2026.

Key Figures

RSUs exercised: 54,242 shares Sell-to-cover shares: 814 shares Sell-to-cover price: $6.6914 per share +3 more

6 metrics

RSUs exercised 54,242 shares Class A ordinary shares received upon RSU vesting on March 30, 2026

Sell-to-cover shares 814 shares Class A ordinary shares sold to cover tax withholding

Sell-to-cover price $6.6914 per share Weighted average sales price; actual range $6.6914–$6.6918

Shares held after transactions 123,588 shares Direct Class A ordinary share ownership after March 30, 2026 transactions

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

Net buy/sell shares -814 shares Net open-market sell component from transaction summary

Key Terms

Restricted Share Unit, American Depositary Shares, sell-to-cover, weighted average sales price, +2 more

6 terms

Restricted Share Unit financial

"Represents Class A ordinary shares acquired in the form of ADS upon the vesting of restricted share units"

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

American Depositary Shares financial

"These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer"

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.

sell-to-cover financial

"The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

weighted average sales price financial

"Represents weighted average sales price. The shares were sold at prices ranging from $6.6914 to $6.6918"

tax withholding obligations financial

"sold in a "sell-to-cover" transaction to cover tax withholding obligations in connection with the vesting and settlement of the RSUs"

contingent right financial

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Wang Wenbei

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Deputy Chief Financial Officer

2a. Foreign Trading Symbol
[HKEX: 2076]

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

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)	03/30/2026		M		54,242(2)	A	(2)	124,402	D
Class A ordinary shares(1)	03/30/2026		S		814(3)	D	$6.6914(4)	123,588	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)	03/30/2026		M			54,242	(6)	(6)	Class A ordinary shares	54,242	$0	54,244	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 30, 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 $6.6914 to $6.6918. 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 and settled on March 30, 2026.

	/s/ Wenbei Wang	04/01/2026
	** 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 did Kanzhun (BZ) deputy CFO Wang Wenbei do in this Form 4?

Wang Wenbei exercised restricted share units that vested on March 30, 2026, receiving 54,242 Class A ordinary shares via ADS. A small portion of these shares was immediately sold to cover tax withholding obligations related to the RSU vesting and settlement.

How many Kanzhun (BZ) shares did Wang Wenbei acquire and sell?

Wang Wenbei acquired 54,242 Class A ordinary shares upon RSU vesting and then sold 814 shares. The sale was specifically described as a sell-to-cover transaction used to satisfy tax withholding obligations triggered by the vesting and settlement of the RSUs.

At what price were Kanzhun (BZ) shares sold in the tax-related sale?

The 814 Class A ordinary shares were sold at a weighted average price of $6.6914 per share. Footnotes state the actual sale prices ranged slightly from $6.6914 to $6.6918, and detailed breakdowns are available upon request from the reporting person.

How many Kanzhun (BZ) shares does Wang Wenbei hold after these transactions?

After exercising RSUs and selling a small portion to cover taxes, Wang Wenbei holds 123,588 Class A ordinary shares directly. This reflects the net position following the acquisition of 54,242 shares from RSU vesting and the subsequent 814-share sell-to-cover transaction.

How are Kanzhun (BZ) Class A shares held in this Form 4 transaction?

The filing explains that the Class A ordinary shares are held through American Depositary Shares. Each ADS represents two Class A ordinary shares, and the RSUs vested into Class A shares that are represented in this ADS structure for trading and custody purposes.

What do the RSUs reported for Kanzhun (BZ) represent?

Each restricted share unit reported represents a contingent right to receive one Class A ordinary share upon settlement. According to the footnotes, these RSUs vested and settled on March 30, 2026, resulting in the issuance of 54,242 Class A ordinary shares to the reporting person.