Zhao Peng Jonathan 4

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.