Kanzhun (BZ) CEO Zhao Peng Receives 10,985,000 RSU Award

What Happened
Zhao Peng, CEO of Kanzhun Ltd (BZ), received a grant of 10,985,000 restricted share units (RSUs) on August 27, 2026. The filing reports an acquisition price of $0.00 (derivative award); this reflects an RSU grant rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-08-27; Form 4 filed 2026-08-28 (appears timely).
• Transaction type/code: A = Award/Grant (RSUs). Reported price per unit: $0.00; total reported value: $0 (derivative award).
• Vesting: The award vests in equal portions over four years on each anniversary of the grant date (per footnote).
• RSU mechanics: Each RSU represents a contingent right to receive one Class A ordinary share at settlement (per footnote).
• Shares owned after transaction: Not specified in the provided filing.

Context
This is a compensation grant (not an open-market purchase or sale). RSU grants are commonly used to retain executives and align pay with long-term shareholder value; they do not require an immediate cash outlay by the executive. Because the units vest over time, they convert to actual shares only if vesting conditions are met.