Summary by Moomoo AI
Kanzhun announced that its trustee has purchased 387,440 Class A Ordinary Shares (equivalent to 193,720 American Depository Shares) from the open market on November 21, 2024. The shares, acquired at an average price of US$6.44 per share, will be held in trust for eligible participants under the company's Post-IPO Share Scheme.The purchased shares represent approximately 0.04% of the company's total issued and outstanding shares. Following this transaction, the trustee now holds a total of 24,975,188 Class A Ordinary Shares. The purchase was funded through the company's internal resources.As of the announcement date, no share awards held by the trustee have been granted to any eligible participants. The company maintains discretion to review and determine the number of Class A Ordinary Shares to be awarded to eligible participants as deemed appropriate.