A Form 4 filed on September 21, 2026 with the U.S. Securities and Exchange Commission discloses transactions by Peng Zhao, Chief Executive Officer and Director of Kanzhun Ltd, involving the conversion and sale of ordinary shares held indirectly through Techwolf Limited.

Key Highlights

  • Block trade sale: Techwolf Limited sold an aggregate of 15,170,000 Class A ordinary shares on September 21, 2026 at HK$56.90 per share on The Stock Exchange of Hong Kong Limited.
  • USD-converted price: The sale price was reported as $7.2484 per share, converted from Hong Kong dollars at a rate of HK$7.85 to US$1.00.
  • Shares sold breakdown: Of the 15,170,000 shares sold, 4,459,560 were Class A ordinary shares and 10,710,440 were Class B ordinary shares converted to Class A on a one-to-one basis in connection with the sale.
  • Remaining beneficial ownership: Following the transactions, Techwolf Limited indirectly held 110,996,801 Class B ordinary shares on behalf of Peng Zhao.
  • Compliance conversion: On September 17, 2026, 1,635,480 Class B ordinary shares were converted to Class A ordinary shares at $0 to comply with weighted voting rights obligations under Hong Kong Listing Rules 8A.13, 8A.15, and 8A.21.
  • Reporting person roles: Peng Zhao is identified in the filing as Director, 10% Owner, and Chief Executive Officer of Kanzhun Ltd (NASDAQ:BZ).

Peng Zhao's Share Transactions in Kanzhun Ltd Across September 2026

According to the filing, two distinct events occurred across a five-day period in September 2026. On September 17, 2026, Techwolf Limited converted 1,635,480 Class B ordinary shares into 1,635,480 Class A ordinary shares at a price of $0. The filing's explanation states this conversion "did not change the total number of ordinary shares in which Mr. Peng Zhao is interested as previously disclosed." It was effected to comply with Rule 8A.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, ensuring the proportion of shares carrying weighted voting rights would not increase following the issuer's cancellation of repurchased Class A ordinary shares.

On September 21, 2026, Techwolf Limited sold an aggregate of 15,170,000 Class A ordinary shares via a block trade at HK$56.90 per share on the Hong Kong Stock Exchange. Of those shares, 4,459,560 were existing Class A ordinary shares, while the remaining 10,710,440 were Class A ordinary shares issuable upon the conversion, in connection with the sale, of the same number of Class B ordinary shares, "pursuant to the issuer's articles of association," according to the filing. The sale price was converted to US dollars at HK$7.85 to US$1.00, yielding the reported price of $7.2484 per share.

Following all reported transactions, Peng Zhao's indirect beneficial ownership through Techwolf Limited stood at 110,996,801 Class B ordinary shares, with zero Class A ordinary shares remaining indirectly held through that entity. All transactions are reported as indirect ownership through Techwolf Limited. The filing was signed by Peng Zhao on September 21, 2026.

What Was Disclosed

The filing discloses a compliance-driven conversion of Class B to Class A ordinary shares on September 17, 2026, followed by a block trade sale of 15,170,000 Class A ordinary shares on September 21, 2026, at HK$56.90 per share, all conducted indirectly through Techwolf Limited.