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  4. [Form 3] 17 Education & Technology Group Inc. Initial Statement of Beneficial Ownership

17 Education (YQ) vice president Ai Na reports options and ADS stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

17 Education & Technology Group Inc. director and vice president Ai Na filed an initial ownership report showing existing equity interests in the company. The filing lists stock options over 400,000 Class A ordinary shares granted on July 10, 2021 and another 400,000 granted on January 10, 2022, both with an exercise price of $0.0014 per share and now fully vested. It also shows options over 5,000,000 Class A ordinary shares granted on October 10, 2024, vesting in three equal annual installments starting on that date, with the same $0.0014 exercise price and expirations in 2031, 2032 and 2034. In addition, Ai Na directly holds 44,000 American depositary shares, each representing fifty Class A ordinary shares.

Positive

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Insider Ai Na
Role Vice President
Type Security Shares Price Value
holding Options -- -- --
holding Options -- -- --
holding Options -- -- --
holding American depositary shares -- -- --
Holdings After Transaction: Options — 400,000 shares (Direct); American depositary shares — 44,000 shares (Direct)
Footnotes (1)
  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"). On July 10, 2021, the reporting person was granted the options to purchase 400,000 Class A ordinary shares of the Company. These options vest in four equal annual installments beginning on July 10, 2022 and have been fully vested. On January 10, 2022, the reporting person was granted the options to purchase 400,000 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. On October 10, 2024, the reporting person was granted the options to purchase 5,000,000 Class A ordinary shares of the Company. These options vest in three equal annual installments beginning on the grant date, i.e., October 10, 2024.
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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
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Ai Na
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
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)
American depositary shares(1) 44,000 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 400,000(2) $0.0014 D
Options (3) 01/10/2032 Class A ordinary shares 400,000(3) $0.0014 D
Options (4) 10/10/2034 Class A ordinary shares 5,000,000(4) $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 400,000 Class A ordinary shares of 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 400,000 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, 2024, the reporting person was granted the options to purchase 5,000,000 Class A ordinary shares of the Company. These options vest in three equal annual installments beginning on the grant date, i.e., October 10, 2024.
/s/ Na Ai 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.

Source: View Original Filing on SEC EDGAR

FAQ

What does 17 Education (YQ) vice president Ai Na report in this Form 3?

Ai Na reports existing holdings in 17 Education, including stock options over 5.8 million Class A ordinary shares and 44,000 American depositary shares. This is an initial ownership disclosure, not a new purchase or sale transaction.

How many stock options does Ai Na hold in 17 Education (YQ)?

The filing lists options over 400,000 Class A ordinary shares from 2021, 400,000 from 2022, and 5,000,000 from 2024. All have an exercise price of $0.0014 per share and expire between 2031 and 2034, subject to vesting terms.

What are the vesting terms of Ai Na’s stock options at 17 Education (YQ)?

Options granted on July 10, 2021 and January 10, 2022 each vest in four equal annual installments and are fully vested. Options granted on October 10, 2024 vest in three equal annual installments beginning on that grant date, according to the disclosure.

How many American depositary shares of 17 Education (YQ) does Ai Na own directly?

Ai Na directly holds 44,000 American depositary shares of 17 Education. Each ADS represents fifty Class A ordinary shares with a par value of US$0.0001 per share, providing a direct equity interest separate from the option holdings.

What is the exercise price of Ai Na’s stock options in 17 Education (YQ)?

All the reported option grants carry an exercise price of $0.0014 per Class A ordinary share. This low exercise price means the options could provide substantial upside participation if the company’s share price is above that level in the future.