17 Education (YQ) SVP details large option and ADS holdings

Rhea-AI Filing Summary

17 Education & Technology Group Inc. senior vice president Zhang Kuanghao filed an initial Form 3 showing his equity position in the company. He holds options with a $0.0014 exercise price over 800,000 and another 800,000 Class A ordinary shares, expiring on July 10, 2031 and January 10, 2032, respectively, both fully vested according to prior grants.

He also reports options over 10,000,000 Class A ordinary shares vesting in three equal annual installments beginning on October 10, 2025, and options over 5,000,000 Class A ordinary shares subject to performance-based vesting over a three-year period starting on that date. In addition, he directly owns 4,000,000 Class A ordinary shares and 70,300 American depositary shares, where each ADS represents fifty Class A ordinary shares.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Zhang Kuanghao

(Last) (First) (Middle)

16/F, BLOCK B,

WANGJING GREENLAND CENTER, CHAOYANG

(Street)

BEIJING F4 100102

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
17 Education & Technology Group Inc. [ YQ ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares	4,000,000	D
American depositary shares(1)	70,300	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options	(2)	07/10/2031	Class A ordinary shares	800,000(2)	$0.0014	D
Options	(3)	01/10/2032	Class A ordinary shares	800,000(3)	$0.0014	D
Options	(4)	10/10/2035	Class A ordinary shares	10,000,000(4)	$0.0014	D
Options	(5)	10/10/2035	Class A ordinary shares	5,000,000(5)	$0.0014	D

Explanation of Responses:

1. Each American depositary share ("ADS") represents fifty (50) Class A ordinary shares, with a par value of US$0.0001 per share, of 17 Education & Technology Group Inc. (the "Company").

2. On July 10, 2021, the reporting person was granted the options to purchase 800,000 Class A ordinary shares of 17 Education & Technology Group Inc. (the "Company"). These options vest in four equal annual installments beginning on July 10, 2022 and have been fully vested.

3. On January 10, 2022, the reporting person was granted the options to purchase 800,000 Class A ordinary shares of the Company. These options vest in four equal annual installments beginning on January 10, 2023 and have been fully vested.

4. On October 10, 2025, the reporting person was granted the options to purchase 10,000,000 Class A ordinary shares of the Company. These options vest in three equal annual installments beginning on the grant date, i.e., October 10, 2025.

5. On October 10, 2025, the reporting person was granted the options to purchase 5,000,000 Class A ordinary shares of the Company. These options are subject to performance-based vesting conditions and will vest in two tranches upon the achievement of certain performance targets within a three-year period.

	/s/ Kuanghao Zhang	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Zhang Kuanghao’s Form 3 for 17 Education (YQ) report?

The Form 3 reports Zhang Kuanghao’s existing equity holdings in 17 Education. It lists his stock options over multiple tranches of Class A ordinary shares, plus direct ownership of Class A shares and American depositary shares, without showing any new purchases or sales.

How many Class A share options does the 17 Education (YQ) SVP hold?

He holds options over several blocks of Class A ordinary shares. These include 800,000 and another 800,000 fully vested options, plus 10,000,000 time-vested options and 5,000,000 performance-based options, all with an exercise price of $0.0014 per share.

What are the vesting terms of the SVP’s options in 17 Education (YQ)?

Two option grants of 800,000 shares each are fully vested. The 10,000,000-share grant vests in three equal annual installments from October 10, 2025, while the 5,000,000-share grant vests in two tranches upon meeting specified performance targets within three years.

What direct share and ADS holdings does Zhang Kuanghao report in YQ?

He reports direct ownership of both ordinary shares and ADSs. The filing shows 4,000,000 Class A ordinary shares and 70,300 American depositary shares, with each ADS representing fifty Class A ordinary shares of 17 Education & Technology Group Inc.

What are the expiration dates of the 17 Education (YQ) SVP’s options?

The reported options expire across several future years. The fully vested 800,000-share grants expire on July 10, 2031 and January 10, 2032, while larger option positions expiring on October 10, 2035 remain outstanding under their respective vesting schedules.