WANG Xiehua 4
4 · Kanzhun Ltd · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Kanzhun (BZ) Director WANG Xiehua Receives RSUs, Sells Shares
What Happened WANG Xiehua, a director of Kanzhun Ltd (BZ), had 150,000 restricted share units (RSUs) vest on June 16, 2026, which converted into Class A ordinary shares held through ADS. To satisfy tax withholding, 71,288 ADS were sold in an open‑market "sell‑to‑cover" transaction at a weighted average price of $6.82, producing proceeds of $486,206. The filing also reports the RSU conversion/exercise (derivative code M) related to the 150,000 shares (one RSU = one Class A share; ADS represent two Class A shares).
Key Details
- Transaction date: June 16, 2026; filing date: June 17, 2026 (filed next day).
- Sale: 71,288 ADS sold at a weighted average price of $6.82; prices ranged $6.805–$6.855; proceeds $486,206.
- Vesting/conversion: 150,000 RSUs vested and converted to shares (reported as derivative exercise/conversion).
- Reason for sale: Sell‑to‑cover to satisfy tax withholding on RSU settlement (footnote disclosure).
- Shares owned after transaction: Not specified in the filing.
- Codes/notes: M = derivative exercise/conversion; F1–F6 footnotes detail ADS representation, RSU mechanics, vesting date, and sell‑to‑cover.
Context This was not a discretionary open‑market sale for investment purposes but a routine sell‑to‑cover following RSU vesting. The filing shows RSU settlement and a partial sale to cover taxes (common practice); the reported $0 disposition entry for the derivative reflects settlement reporting rather than a market sale. No indication in the filing of a 10b5‑1 plan or late filing.
Insider Transaction Report
- Exercise/Conversion
Class A ordinary shares
[F1][F2]2026-06-16+150,000→ 635,988 total - Sale
Class A ordinary shares
[F1][F3][F4]2026-06-16$6.82/sh−71,288$486,206→ 564,700 total - Exercise/Conversion
Restricted Share Unit
[F5][F6]2026-06-16−150,000→ 0 total→ Class A ordinary shares (150,000 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 June 16, 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 $6.805 to $6.855. 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 June 16, 2026.