Summary by Moomoo AI
Kanzhun announced that on November 13, 2024, the trustee of its Post-IPO Share Scheme purchased 358,986 Class A Ordinary Shares (equivalent to 179,493 American Depository Shares) from the open market. The shares were acquired at an average price of US$6.95 per share, representing approximately 0.04% of the company's total issued and outstanding shares.The purchase was funded by the company's internal resources and the shares will be held in trust for Eligible Participants under the Scheme, which was adopted on December 14, 2022. Following this transaction, the trustee now holds a total of 22,755,236 Class A Ordinary Shares. As of the announcement date, no share awards have been granted to any Eligible Participants.
