Wang Wenbei 4

What Happened

• Wang Wenbei, Chief Financial Officer of Kanzhun Ltd (BZ), had 54,242 Class A ordinary shares acquire upon the vesting/settlement of RSUs on March 30, 2026 (reported as a conversion/exercise of a derivative). To cover tax withholding obligations, 814 shares were sold in a sell-to-cover transaction at about $6.6914–$6.6918 each, generating approximately $5,447. The filings show a derivative conversion/acquisition of 54,242 shares and a corresponding derivative disposition at $0 consistent with RSU settlement.

Key Details

• Transaction date: March 30, 2026; Form 4 filed April 1, 2026 (timely).
• Acquired: 54,242 Class A ordinary shares upon RSU vesting/settlement (reported via ADS).
• Sold: 814 shares at a weighted-average price ~ $6.69, total proceeds ≈ $5,447 (prices ranged $6.6914–$6.6918).
• Footnotes: RSUs vested and settled on March 30, 2026; the sale was a "sell-to-cover" to satisfy tax withholding. Each RSU represents one Class A ordinary share; Class A shares are held through ADS (each ADS represents two Class A ordinary shares).
• Shares owned after the transactions: not specified in the filing.

Context

• This was a routine RSU vesting and sell-to-cover for tax withholding, not an open-market discretionary sale or purchase signal. The derivative entries reflect settlement/conversion of RSUs (no cash paid on exercise). The small sell amount ($5.4k) is consistent with tax withholding rather than market-driven selling.