Zhao Peng Jonathan 4
4 · Kanzhun Ltd · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Kanzhun (BZ) CEO Zhao Peng Jonathan Converts 3,183,680 Shares
What Happened
Zhao Peng Jonathan, CEO of Kanzhun Ltd (BZ), reported an "other acquisition or disposition" on June 12, 2026 that shows both a disposition and an acquisition of 3,183,680 shares at $0.00. The paired zero‑price entries reflect a conversion of share classes (Class B into Class A) rather than a cash sale or purchase; total reported value is $0.
Key Details
- Transaction date: June 12, 2026; Form filed with the SEC on June 15, 2026 (appears timely).
- Reported entries: disposition and acquisition of 3,183,680 shares each at $0.00 (transaction code J — other acquisition/disposition).
- Shares owned after transaction: footnote states there is no change to the total number of ordinary shares in which Mr. Zhao is interested as previously disclosed.
- Reason given: conversion effected to comply with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong (reduction of weighted‑voting rights after cancellation of repurchased Class A shares) — see footnote F1.
- Ownership structure: the interest is reported via Techwolf Limited (a BVI company); Techwolf is held by a trust established by Mr. Zhao for his and his family’s benefit (footnote F2).
Context
This was a non‑economic reclassification of share classes to meet Hong Kong listing requirements, not a market buy or sale — it does not signal a cash investment or liquidation. For retail investors, class conversions and WVR adjustments are governance/structural events rather than direct statements about insider sentiment.
Insider Transaction Report
- Other
Class B ordinary shares
[F1][F2]2026-06-12−3,183,680→ 123,342,721 total(indirect: By Techwolf Limited) - Other
Class A ordinary shares
[F1][F2]2026-06-12+3,183,680→ 3,567,680 total(indirect: By Techwolf Limited)
Footnotes (2)
- [F1]There is no change to the total number of ordinary shares in which Mr. Peng Zhao is interested as previously disclosed. The conversion was effected to comply with an obligation under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Following the issuer's cancellation of Class A ordinary shares repurchased by the issuer, Mr. Peng Zhao, as the weighted voting rights ("WVR") beneficiary of the issuer, proportionately reduced his WVR by converting his Class B ordinary shares into Class A ordinary shares on a one-to-one ratio pursuant to Rule 8A.21 of the Listing Rules, so that the proportion of the issuer's shares carrying WVR of the issuer would not be increased, in compliance with the requirements under Rules 8A.13 and 8A.15 of the Listing Rules.
- [F2]By Techwolf Limited, a British Virgin Islands company. The entire interest in Techwolf Limited is held by a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family.