Kanzhun (BZ) CEO Zhao Peng Sells 743,600 Shares

What Happened

• Zhao Peng (CEO) reported open-market sales totaling 743,600 shares of Kanzhun (BZ) across two transactions. On 2026-09-10 he sold 384,000 shares at a weighted average of $8.18 for $3,140,506; on 2026-09-11 he sold 359,600 shares at a weighted average of $8.28 for $2,977,704. Total proceeds were about $6.12 million. These are dispositions (sales), not purchases.

Key Details

• Transaction dates/prices: 2026-09-10 — 384,000 shares @ $8.18 (WAP); 2026-09-11 — 359,600 shares @ $8.28 (WAP).
• Price ranges: Filing footnotes note the individual sale prices ranged between $8.0375–$8.2975 and $8.19–$8.455; the reporting person will provide breakdowns by price on request.
• Entity used: Sales were made by/through Techwolf Limited (BVI); Techwolf is owned by a trust established by Mr. Zhao for the benefit of him and his family (footnote).
• ADS structure: The filing notes these Class A ordinary shares are held through American Depositary Shares (ADS); each ADS represents two Class A ordinary shares.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Timeliness: Form 4 filed 2026-09-14 for transactions on 2026-09-10 and 09-11; filing appears timely under the SEC two-business-day rule.

Context

• These reports describe sales (dispositions). Sales by insiders are common and can be for many reasons (liquidity, tax planning, trust distributions); they do not alone indicate the insider’s view of the company’s prospects. No option exercises, awards, or gifts are reported here.