Mu Yang 4

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.