CEO Zhao Peng Jonathan sold 128,000 shares in 2 transactions for $878.7K at blended $6.86, holding now 512,000 post-sale
Zhao Peng Jonathan, the Chief Executive Officer of Kanzhun Ltd, executed 2 separate sales totaling 128,000 shares for $878,668.80 at a blended average price of $6.86, reducing his holdings by 20.0% from 640,000 to 512,000 shares. The sales occurred at prices significantly below the current price of $13.63 and well below the 52-week high of $24.91, with the stock down 45.3% from its peak and 21.5% over the past 30 days. The timing of these sales during a period of material stock weakness—when the company's market cap stands at $1.4B—warrants investor attention to the circumstances and rationale behind the CEO's liquidity event.