Mu Yang 4

4 · Kanzhun Ltd · Filed Mar 24, 2026

AI-generated summary of this filing

Updated Mar 24, 2026

Kanzhun (BZ) Director Mu Yang Receives RSUs, Sells 510 Shares

What Happened

Mu Yang, a director of Kanzhun Ltd (ticker: BZ), had restricted share units (RSUs) vest on March 20, 2026, resulting in the conversion/settlement of 3,910 Class A ordinary shares (held through ADS). To cover tax withholding on the vesting, 510 of those shares were sold in a sell-to-cover transaction for a weighted average price of $6.68, generating approximately $3,407 in proceeds. The RSU settlement entry shows a $0 cash disposition (routine non-cash settlement).

Key Details

Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (no late-filing flag shown in the provided data).
Shares acquired on vesting/settlement: 3,910 Class A ordinary shares (per footnotes, these are held via ADS).
Shares sold (sell-to-cover): 510 shares; weighted average sale price $6.68; proceeds ≈ $3,407. Reported sale prices ranged $6.66–$6.7025.
Footnotes: RSUs vested and converted to Class A shares (F2, F5, F6); sale was a sell-to-cover to satisfy tax withholding (F3); each ADS represents two Class A ordinary shares (F1).
Shares owned after the transaction: not reported in the excerpt provided.

Context

This was primarily an award/settlement event (RSU vesting) followed by a routine sell-to-cover for tax withholding. The "M" derivative entries reflect conversion/settlement of RSUs rather than a market-driven option exercise-and-sell for cash profit. Sell-to-cover transactions are common and typically reflect tax obligations rather than a directional bet on the stock.

Form 4

Period: 2026-03-20

Director

Transactions

Exercise/Conversion
Class A ordinary shares
[F1][F2]
2026-03-20+3,910→ 59,038 total
Sale
Class A ordinary shares
[F1][F3][F4]
2026-03-20$6.68/sh−510$3,407→ 58,528 total
Exercise/Conversion
Restricted Share Unit
[F5][F6]
2026-03-20−3,910→ 0 total
→ Class A ordinary shares (3,910 underlying)

Footnotes (6)

[F1]These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer. Each ADS represents two Class A ordinary shares.
[F2]Represents Class A ordinary shares acquired in the form of ADS upon the vesting of restricted share units ("RSU") on March 20, 2026.
[F3]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.
[F4]Represents weighted average sales price. The shares were sold at prices ranging from $6.66 to $6.7025. 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.
[F5]Each RSU represents a contingent right to receive one Class A ordinary share at settlement.
[F6]The RSUs vested on March 20, 2026.

Signature

/s/ Yang Mu|2026-03-24

1 file