Sun Yonggang 4

What Happened

• Sun Yonggang, a director of Kanzhun Ltd (ticker: BZ), had restricted share units (RSUs) vest on June 16, 2026 and received 4,212 ADS-equivalent shares upon settlement. Immediately, he sold 548 ADS in an open-market "sell-to-cover" transaction at $6.81 each, generating $3,734 to cover tax withholding. The filing also shows the RSU conversion/exercise entries (derivative conversion) at $0, reflecting the technical settlement of the awards.

Key Details

• Transaction date: June 16, 2026.
• Acquired: 4,212 ADS upon RSU vesting (per filing entry labeled as exercise/conversion of derivative).
• Sold: 548 ADS at $6.81 each for total proceeds of $3,734 (open-market sell-to-cover).
• Footnotes of note:
  • F1: These are ADS holdings; each ADS represents two Class A ordinary shares.
  • F2/F4/F5: The 4,212 ADS were received upon RSU vesting on June 16, 2026; each RSU converts to one Class A share at settlement.
  • F3: The 548 ADS sale was a sell-to-cover to satisfy tax withholding obligations.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: the report does not indicate a late filing.

Context

• This series of entries reflects RSU vesting and routine tax-related sell-to-cover, not an independent open‑market sale for investment purposes. The derivative/zero-price entries are technical records showing RSU settlement (conversion into ADS); only the 548 ADS sale generated cash proceeds. As with all insider filings, these are factual disclosures and should not be taken alone as a signal of company outlook.