Wang Wenbei 4

What Happened

• Wang Wenbei, Chief Financial Officer of Kanzhun Ltd (BZ), had restricted share units (RSUs) vest on June 16, 2026. The filing shows 25,000 Class A ordinary shares were acquired upon vesting (delivered in the form of ADS) and a corresponding conversion/settlement entry for 25,000 derivative units.
• The filing records an acquisition line for 25,000 shares (price N/A) and a disposition line for 25,000 shares at $0.00 (derivative conversion). This was not an open-market sale — proceeds are shown as $0.00.

Key Details

• Transaction date: June 16, 2026 (reported on Form 4 filed June 17, 2026).
• Transaction codes: M = exercise/conversion of a derivative security (RSU conversion/settlement).
• Shares involved: 25,000 Class A ordinary shares acquired; 25,000 units listed as disposed at $0.00.
• ADS note: The shares were issued as American Depositary Shares (ADS). Each ADS represents two Class A ordinary shares, so 25,000 Class A shares equate to approximately 12,500 ADS (per filing footnotes).
• RSU details: Each RSU represents a contingent right to one Class A share; the RSUs vested on June 16, 2026 (footnotes F2–F4).
• Shares owned after transaction: Not specified in the information provided.
• Timeliness: Filing appears timely (transaction 6/16/2026; Form 4 filed 6/17/2026).

Context

• This transaction reflects RSU vesting and conversion into shares delivered as ADS rather than an open‑market purchase or sale. The $0.00 disposal entry indicates a settlement/administrative conversion rather than a cash sale. As with all insider awards/vestings, this is a routine equity compensation event and not a directional market signal by itself.