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Insider Cluster (3 insiders) ·Filed Sep 18, 2026

BZ

Kanzhun Ltd
BEARISH
Impact 5/10
Horizonweeks Processed1mo ago
Insider cluster: 2 insiders, $5.1M total
Actionable Insight ▼ Bearish

All three sales are open-market with no disclosed 10b5-1 plan, and the CEO's $2.98M sale is the largest single insider sale in the cluster. Monitor next quarterly filing for any guidance revision or operational weakness that might have prompted the selling.

DirectionBearish
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
BZ ▲ +19.92% at T+20d
SHORT call ✗ call lost -19.92% · α vs SPY -20.82% · entry $13.92 → $16.69
Next anchor: T+60d in 7w
Latest observation: T+24 -11.44% FF3 residual α
Entry = T+0 close
Sep 21, 2026
via day close
T+1d
+2.63%
call -2.63% · α -2.65%
$14.28
settled 5w ago
T+5d
+1.88%
call -1.88% · α -2.90%
$14.18
settled 4w ago
T+20d
+19.92%
call -19.92% · α -20.82%
$16.69
settled 9d ago
T+60d
Pending
in 7w

Price Chart

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Executive Summary

Three Kanzhun insiders, including CEO Zhao Peng Jonathan and CMO Chen Xu, sold a combined $5.06M in open-market shares over a one-week window. The CEO's $2.98M sale is the largest, and the cluster represents approximately 0.2% of the company's market cap — a modest but notable insider selling event.

Key Financial Metrics

Direction
selling
Total Value
$5.1M
Insiders
3

Key Facts

  • CEO Zhao Peng Jonathan sold 359,600 shares at $8.28 for $2.98M on 2026-09-11
  • CMO Chen Xu sold 200,000 shares at $8.15 for $1.63M on 2026-09-10
  • Director Mu Yang sold 60,700 shares at $7.46 for $453K on 2026-09-17
  • Total cluster value: $5.06M, all open-market sales (code S)
  • No 10b5-1 plan indication provided for any of the trades

Financial Impact

Total insider sales of $5.06M represent ~0.2% of market cap — modest but material given C-suite participation

insider ownershipfloat

Risk Factors

  • CEO and CMO selling concurrently may signal deteriorating confidence in near-term outlook
  • No 10b5-1 plan disclosed — sales appear discretionary
  • Chinese ADR regulatory and macro risks remain elevated

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BZ-1789798031261
98 reports for BZ
Performance horizon
80% Hit rate @ T+60 4 of 5 directional calls Went positive at some point 9 of 10 best @ T+1▲ +15.65%Aug 25, 2026
Filters
Rows
Reports for BZ — sortable, filterable
TypeNow
Oct 27, 2026
today
Institutional Cluster
MIXED ★ 4/10
$16.56awaiting T+60—$16.65 (+0.54%)
Oct 23, 2026
4d ago
6-K
NEUTRAL ★ 2/10
$16.66awaiting T+60—$16.65 (−0.06%)
Oct 21, 2026
6d ago
Institutional Cluster
BULLISH ★ 4/10
$16.41awaiting T+60—$16.65 (+1.46%)
Oct 7, 2026
20d ago
6-K
NEUTRAL ★ 2/10
$15.18awaiting T+60—$16.65 (+9.68%)
Oct 2, 2026
25d ago
6-K
NEUTRAL ★ 2/10
$14.83awaiting T+60—$16.65 (+12.27%)
Sep 22, 2026
5w ago
Press Release
NEUTRAL ★ 3/10
$14.28awaiting T+60—$16.65 (+16.56%)
Sep 21, 2026
5w ago
Press Release
BULLISH ★ 6/10
$14.82awaiting T+60—$16.65 (+12.35%)
Sep 18, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$14.44awaiting T+60—$16.65 (−15.30%)
Sep 18, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$13.92awaiting T+60—$16.65 (−19.63%)
Sep 14, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$14.49awaiting T+60—$16.65 (+14.89%)
Showing 10 of 98

US Market Status

Market Closed — Opens Thu (9h 38m)

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Report published Sep 18, 2026