Zhang Kylen Tao 4

What Happened

• Zhang Kylen Tao, Chief Technology Officer and Director of Kanzhun Ltd (ticker: BZ), had 24,008 shares reported as acquired through a derivative conversion on March 30, 2026 — representing the vesting and settlement of restricted share units (RSUs). The same number of shares is also reported as a disposition at $0.00 on the same date (both transactions coded M, i.e., exercise/conversion of a derivative).
• The filing shows no cash purchase or open-market sale and reports no monetary value for the issuance; the shares were settled in the form of American Depositary Shares (ADS) as noted in the footnotes.

Key Details

• Transaction date: March 30, 2026; Form 4 filed April 1, 2026 (appears timely).
• Reported transactions: Exercise/conversion of derivative (code M) — +24,008 shares (acquisition) and -24,008 shares (disposition) at $0.00 (derivative).
• Shares owned after the transaction: not specified in the provided filing details.
• Important footnotes:
  • F1: These Class A ordinary shares are held through ADS; each ADS represents two Class A ordinary shares.
  • F2/F4/F5: The 24,008 shares were acquired upon RSU vesting and settlement on March 30, 2026; each RSU represents a right to one Class A share.
  • F3: The shares of KZBZ Limited are held by a trustee of an employee shareholding trust for the benefit of employees, including Mr. Tao.

Context

• This was an RSU vesting/settlement event (a conversion of a derivative), not an open-market buy or sale. The reported disposition at $0.00 and the trustee footnote indicates the shares were recorded/transferred in connection with employee share arrangements rather than sold for cash.
• For retail investors: RSU settlements are routine compensation events and do not necessarily signal executive buying or selling intent. The M code simply indicates conversion/exercise of a derivative instrument (here, RSUs).