Kanzhun (NASDAQ: BZ) director sells shares to cover RSU tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kanzhun Ltd director WANG Xiehua reported routine equity compensation activity tied to restricted share units (RSUs). On June 16, 2026, 150,000 RSUs vested and were settled into the same number of Class A ordinary shares, held through American Depositary Shares, with each ADS representing two Class A ordinary shares.

To cover related tax withholding obligations from this vesting, 71,288 Class A ordinary shares were sold in a sell-to-cover transaction at a weighted average price of $6.8203 per share, with trades executed between $6.805 and $6.855. The RSU award reflected in this filing is now fully vested and settled.

Insider Trade Summary

Net Seller: 71,288 shares ($486,206)

Net Sell 3 txns

Insider WANG Xiehua

Role null

Sold 71,288 shs ($486K)

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit	150,000	$0.00	--
Exercise	Class A ordinary shares	150,000	$0.00	--
Sale	Class A ordinary shares	71,288	$6.8203	$486K

Holdings After Transaction: Restricted Share Unit — 0 shares (Direct, null); Class A ordinary shares — 635,988 shares (Direct, null)

Footnotes (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 June 16, 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 $6.805 to $6.855. 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 on June 16, 2026.

Key Figures

Shares sold for tax withholding: 71,288 shares at $6.8203/share RSUs vested: 150,000 RSUs Shares acquired from RSUs: 150,000 Class A ordinary shares +2 more

5 metrics

Shares sold for tax withholding 71,288 shares at $6.8203/share Sell-to-cover open-market sale on June 16, 2026

RSUs vested 150,000 RSUs Vested and settled into Class A ordinary shares on June 16, 2026

Shares acquired from RSUs 150,000 Class A ordinary shares Acquired at $0.0000 per share via RSU settlement

RSU derivative position remaining 0 RSUs RSU award in this filing fully vested and settled

ADS to share ratio 1 ADS = 2 Class A shares Holding structure for Kanzhun Ltd Class A ordinary shares

Key Terms

sell-to-cover, restricted share units ("RSU"), American Depositary Shares ("ADS"), weighted average sales price, +1 more

5 terms

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.

American Depositary Shares ("ADS") financial

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

American depositary shares are U.S.-listed certificates issued by a bank that represent ownership in shares of a foreign company, trading on American exchanges in dollars. Think of them as voucher tickets that let U.S. investors buy and sell foreign stock without handling foreign exchanges, currencies, or settlement rules directly. They matter because they make cross-border investing simpler and can affect liquidity, dividend payments and currency exposure for investors.

weighted average sales price financial

"Represents weighted average sales price. The shares were sold at prices ranging from $6.805 to $6.855"

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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Form 4 Insider Transactions: What Each Field Means →

06/17/2026 - 04:00 PM

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 Xiehua

(Last)

(First)

(Middle)

21/F, GRANDYVIC BUILDING

TAIYANGGONG MIDDLE RD CHAOYANG DISTRICT

(Street)

BEIJING

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)
06/16/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A ordinary shares⁽¹⁾	06/16/2026		M		150,000⁽²⁾	A	⁽²⁾	635,988	D
Class A ordinary shares⁽¹⁾	06/16/2026		S		71,288⁽³⁾	D	$6.8203⁽⁴⁾	564,700	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Unit	⁽⁵⁾	06/16/2026		M			150,000	⁽⁶⁾	⁽⁶⁾	Class A ordinary shares	150,000	$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 June 16, 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 $6.805 to $6.855. 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 June 16, 2026.

	/s/ Xiehua Wang	06/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Kanzhun (BZ) director WANG Xiehua report?

WANG Xiehua reported RSU vesting into 150,000 Class A ordinary shares and the sale of 71,288 shares. The sale was a sell-to-cover transaction to satisfy tax withholding obligations triggered by the RSU vesting and settlement.

How many Kanzhun (BZ) shares vested from RSUs in this Form 4?

The filing shows 150,000 restricted share units vesting into 150,000 Class A ordinary shares. Each RSU represents a contingent right to receive one Class A ordinary share upon settlement, which occurred on June 16, 2026, according to the footnotes.

Why did Kanzhun (BZ) director WANG Xiehua sell 71,288 shares?

The 71,288 Class A ordinary shares were sold in a sell-to-cover transaction. The footnotes explain that the sale was conducted solely to cover tax withholding obligations arising from the vesting and settlement of the RSUs on June 16, 2026.

At what price were the Kanzhun (BZ) shares sold in the Form 4?

The reported weighted average sales price was $6.8203 per share, with individual trades executed between $6.805 and $6.855. The reporting person notes willingness to provide full breakdowns of the number of shares sold at each separate price upon request.

How are Kanzhun (BZ) Class A shares held according to this Form 4?

The Class A ordinary shares are held through American Depositary Shares. A footnote specifies that each ADS represents two Class A ordinary shares of Kanzhun Ltd, linking the RSU-settled shares to their ADS representation for investors.

What happened to the RSUs reported in Kanzhun (BZ) director’s filing?

The RSUs fully vested and were settled into Class A ordinary shares on June 16, 2026. After this exercise and conversion, the derivative RSU position tied to this grant shows zero remaining units, indicating the award has been completely settled.