Liu Hongyu 4

What Happened

• Liu Hongyu, a director of Kanzhun Ltd (BZ), had 4,212 restricted share units (RSUs) vest on June 16, 2026. The RSUs were converted/exercised into 4,212 Class A ordinary shares held through American Depositary Shares (ADS). The Form 4 shows the derivative conversion (transaction code M) with no cash exchanged (consideration shown as $0.00), i.e., this was vesting/conversion of an award rather than an open‑market purchase or sale.

Key Details

• Transaction date: June 16, 2026 (reported on Form 4 filed June 17, 2026 — timely).
• Transaction type/codes: M = Exercise/conversion of a derivative security (RSU vesting → underlying shares).
• Shares involved: 4,212 Class A ordinary shares acquired via conversion of RSUs; filing shows a corresponding derivative disposition of 4,212 units at $0.00 (conversion, not a sale).
• ADS note: These Class A shares are held through ADS; each ADS represents 2 Class A ordinary shares, so the 4,212 shares equal 2,106 ADS (per filing footnote).
• Shares owned after transaction: Not specified in the details provided in your summary copy of the filing.
• Relevant footnotes: F2–F4 confirm the securities were RSUs that vested on June 16, 2026 and converted into Class A shares/ADS. F1 explains the ADS conversion ratio.

Context

• This was an award vesting/conversion event (RSUs → underlying shares), not a purchase or sale. The separate lines showing both an acquisition of shares and a $0.00 disposition reflect conversion of the derivative RSU into the underlying shares rather than a cash transaction or market sale.
• Vesting and conversion transactions are routine for equity‑based compensation and do not by themselves indicate insider sentiment about the stock.