Zhang Kylen Tao 4

What Happened
Zhang Kylen Tao, Chief Technology Officer and director of Kanzhun Ltd (BZ), reported the vesting and conversion of restricted share units (RSUs) on March 20, 2026. The filing shows 27,450 shares were acquired via an exercise/conversion of a derivative (transaction code M). The same number (27,450) is also reported as disposed at $0.00 in the filing. No cash proceeds are reported. This is compensation-related (RSU vesting), not an open-market purchase or sale.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (appears to be one business day late versus the two-business-day Form 4 deadline).
• Transaction code: M — exercise or conversion of a derivative (here, RSU vesting/settlement).
• Reported amounts: 27,450 shares acquired; 27,450 shares disposed at $0.00; no dollar proceeds shown.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes of note:
  • F1: Shares are held through American Depositary Shares (ADS); each ADS represents two Class A ordinary shares.
  • F2/F4/F5: The reported shares reflect RSUs that vested on March 20, 2026; each RSU represents a contingent right to one Class A ordinary share and were settled in the form of ADS.
  • F3: Some shares are held by an employee shareholding trust (Maples Trustee Services (Cayman) Limited) for employees including Mr. Tao.
• The filing does not explicitly state whether the $0.00 disposal reflects tax withholding, transfer to a trust, or another administrative settlement.

Context
This event reflects routine equity compensation (RSU vesting and settlement into ADS), which is common for executives and does not by itself signal a buy or sell decision in the open market. For clarity, ADS-based reporting and the $0 disposal entry can make the reported counts and values look unusual; refer to the footnotes and the company's filings for details on whether shares were withheld or transferred for taxes or trust purposes. The Form 4 filing date suggests the report was filed after the standard two-business-day window.