WANG Xiehua 4

What Happened

• WANG Xiehua, a director of Kanzhun Ltd (BZ), had restricted share units (RSUs) vest on March 20, 2026 and received 1,504 shares (reported via ADS). On the same day she sold 116 ADS in an open-market sell-to-cover transaction at $6.70 each, generating about $777. The filing also reports a related exercise/conversion/settlement entry for 1,504 shares at $0.00 associated with the RSU settlement (see footnotes).

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely within the two-business-day rule).
• Open-market sale: 116 ADS sold at $6.70 each for gross proceeds of ~$777 (code S; footnote F3: sell-to-cover to cover tax withholding).
• RSU vesting/derivative entries: 1,504 shares acquired upon RSU vesting (code M/A per filing) and a related 1,504-share conversion/disposition at $0.00 reflecting settlement/withholding (footnotes F2–F5).
• ADS/ordinary share note: Shares reported are held through ADS; each ADS represents two Class A ordinary shares (footnote F1).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.

Context

• This is primarily a compensation event (RSU vesting) and routine tax-related selling, not an independent open-market purchase that would signal new insider buying. The sell-to-cover and the $0.00 derivative disposition are standard mechanics used to satisfy tax withholding when RSUs settle.