Wang Wenbei 4

What Happened

• Wang Wenbei, Chief Financial Officer of Kanzhun Ltd (ticker: BZ), had 4,308 Class A ordinary shares vest from restricted share units (RSUs) on March 20, 2026 and those RSUs converted into shares/ADS. He also sold 20 shares in a sell-to-cover transaction, generating $134 in proceeds.
• The RSU conversion is reported as a derivative exercise/settlement (Form 4 code M) with a $0.00 exercise price (typical for RSU settlement). The 20-share sale (code S) was at $6.68 per share.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely within the two-business-day window).
• Vesting/settlement: 4,308 Class A ordinary shares vested as RSUs and were converted/issued on settlement (footnotes indicate these were received in the form of ADS).
• Sell-to-cover: 20 shares sold at $6.68 each for $134 to cover tax withholding related to the RSU settlement.
• ADS note: The filing notes shares are held through American Depositary Shares (ADS), with each ADS representing two Class A ordinary shares.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes: RSUs vested on March 20, 2026 (F2, F5); each RSU represents a right to one Class A share (F4); sale was to cover taxes (F3); ADS conversion detail (F1).

Context

• This was primarily an RSU vesting/settlement event, not a market-timed purchase or directional bet. The small sale (20 shares) was a routine sell-to-cover for tax withholding and does not necessarily indicate buying or selling sentiment.
• For clarity: the derivative entries reflect RSU settlement (no cash exercise required), and only a tiny portion of the vested shares were immediately sold to cover taxes.