Kanzhun (BZ) CEO amends Form 3 to correct insider holdings
Rhea-AI Filing Summary
Kanzhun Ltd Chief Executive Officer Zhao Peng Jonathan filed an amended Form 3 to correct his reported beneficial ownership. The filing now shows indirect ownership of 512,000 Class A ordinary shares held through Techwolf Limited, a British Virgin Islands company held by a trust for Mr. Zhao and his family.
The amendment explains that the original Form 3 inadvertently included an additional 128,000 Class A ordinary shares in the form of ADSs, which has been removed here. Each ADS represents two Class A ordinary shares, so the corrected figure is intended to more accurately reflect Mr. Zhao’s indirect holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zhao Peng Jonathan
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 512,000 shares (Indirect, By Techwolf Limited)
Footnotes (1)
- These Class A ordinary shares are held through American Depositary Shares ("ADS") of the issuer. Each ADS represents two Class A ordinary shares. This amendment restates the original Form 3 filed by the Reporting Person on March 17, 2026, solely to correct the amount of securities beneficially owned by the Reporting Person in Table I, which inadvertently included 128,000 additional Class A ordinary shares in the form of ADSs beneficially owned by the Reporting Person, and has been corrected herein. The 128,000 additional Class A ordinary shares in the form of ADSs were also inadvertently included in the Form 4 filed by the Reporting Person after his original Form 3 was filed. By Techwolf Limited, a British Virgin Islands company. The entire interest in Techwolf Limited is held by a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family.
Key Figures
Indirectly owned shares: 512,000 Class A ordinary shares
Previously overcounted shares: 128,000 Class A ordinary shares
ADS to share ratio: 1 ADS = 2 Class A ordinary shares
3 metrics
Indirectly owned shares
512,000 Class A ordinary shares
Beneficially owned indirectly via Techwolf Limited after amendment
Previously overcounted shares
128,000 Class A ordinary shares
Additional Class A shares in ADS form inadvertently included before
ADS to share ratio
1 ADS = 2 Class A ordinary shares
Structure of Kanzhun ADS holdings referenced in the amendment
Key Terms
American Depositary Shares, beneficially owned, Form 3, indirect ownership, +1 more
5 terms
beneficially owned financial
"correct the amount of securities beneficially owned by the Reporting Person in Table I"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 3 regulatory
"This amendment restates the original Form 3 filed by the Reporting Person"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
indirect ownership financial
"By Techwolf Limited, a British Virgin Islands company."
trust financial
"a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Kanzhun (BZ) CEO Zhao Peng Jonathan’s amended Form 3 change?
The amended Form 3 corrects beneficial ownership reported by CEO Zhao Peng Jonathan. It removes 128,000 Class A ordinary shares previously included in error and now reflects 512,000 Class A ordinary shares indirectly held through Techwolf Limited, aligning the disclosure with his actual holdings.
What role do ADSs play in Kanzhun (BZ) CEO’s ownership disclosure?
The CEO’s holdings are represented through American Depositary Shares (ADSs). Each ADS corresponds to two Class A ordinary shares. The amendment clarifies that some ADS-based shares were overcounted previously, prompting the correction to the number of Class A ordinary shares beneficially owned.