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17 Education & Technology Group Inc. (YQ) CEO-linked entity buys ADS

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

17 Education & Technology Group Inc. director and CEO Liu Chang, through entity Future Glory Technology Holdings Limited, reported acquiring American depositary shares in August 2026. Purchases included 3,295 ADS at $2.4395 on August 10 and a small acquisition of 3,684 ADS at $2.1679 on August 7, all held indirectly. Each ADS represents 50 Class A ordinary shares. Liu also reports a direct holding of 222 ADS as of August 7.

Positive

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Negative

  • None.
Insider Liu Chang
Role Chief Executive Officer
Bought 3,295 shs ($8K)
Type Security Shares Price Value
Purchase American depositary shares F1, F2 3,295 $2.4395 $8K
Small Acquisition American depositary shares F1, F2 3,684 $2.1679 $8K
holding American depositary shares -- -- --
Holdings After Transaction: American depositary shares — 66,902 shares (Indirect, By Future Glory Technology Holdings Limited); American depositary shares — 222 shares (Direct)
Footnotes (2)
  1. F1. 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.
  2. F2. Future Glory Technology Holdings Limited is a British Virgin Islands limited liability company, of which 99% of the equity interest is held by Glory Venture Technology Limited, and the remaining 1% is held by Future Adventures Investment Holdings Limited. Glory Venture Technology Limited, a company incorporated under the laws of British Virgin Islands, is wholly owned by Trident Trust Company (HK) Limited, the trustee of the Sunny Trust. Mr. Andy Chang Liu is the settlor of the Sunny Trust, and he and his family members are its beneficiaries. Future Adventures Investment Holdings Limited is a company incorporated under the laws of British Virgin Islands and wholly owned by Mr. Andy Chang Liu.
ADS purchased 2026-08-10 3,295 American depositary shares Indirect purchase at $2.4395 per ADS by Future Glory Technology Holdings Limited
Purchase price 2026-08-10 $2.4395 per American depositary share Open-market or private transaction reported as code P
Small acquisition 2026-08-07 3,684 American depositary shares Small acquisition under Rule 16a-6 at $2.1679 per ADS
Small acquisition price $2.1679 per American depositary share Code L transaction classified as small acquisition
ADS to ordinary share ratio 1 ADS = 50 Class A ordinary shares Each ADS represents fifty Class A ordinary shares, par value US$0.0001
Direct ADS holding 222 American depositary shares Direct ownership position as of August 7, 2026
American depositary shares financial
"Each American depositary share ("ADS") represents fifty (50) Class A ordinary shares"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
Rule 16a-6 regulatory
"transaction_code_description": "Small acquisition under Rule 16a-6""
indirect financial
"direct_or_indirect": "I","nature_of_ownership": "By Future Glory Technology Holdings Limited""
Sunny Trust financial
"the trustee of the Sunny Trust. Mr. Andy Chang Liu is the settlor of the Sunny Trust"

FAQ

What insider transactions did YQ CEO Liu Chang report in this Form 4?
Liu Chang reported acquiring 3,295 American depositary shares at $2.4395 on August 10, 2026 and a small acquisition of 3,684 ADS at $2.1679 on August 7, 2026, all held indirectly via Future Glory Technology Holdings Limited.

At what prices were the YQ American depositary shares purchased?
The reported purchases were at $2.4395 per ADS for 3,295 ADS on August 10, 2026 and $2.1679 per ADS for a small acquisition of 3,684 ADS on August 7, 2026, both held indirectly through a related entity.

How many YQ ADS does Liu Chang hold directly after these transactions?
Liu Chang reports a direct holding of 222 American depositary shares as of August 7, 2026. Additional ADS positions are held indirectly through Future Glory Technology Holdings Limited, which is associated with the Sunny Trust structure described in the footnotes.

What does each YQ American depositary share represent?
Each American depositary share (ADS) represents 50 Class A ordinary shares of 17 Education & Technology Group Inc., each with a par value of US$0.0001 per share, linking U.S.-traded ADS to the underlying ordinary equity issued by the company.

How are the YQ ADS held by Liu Chang structured indirectly?
The indirectly held ADS are owned by Future Glory Technology Holdings Limited, a British Virgin Islands company whose equity is held by entities tied to the Sunny Trust. Liu Chang is the settlor and, with family members, a beneficiary of this trust structure.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Liu Chang
(Last)(First)(Middle)
16/F, BLOCK B,
WANGJING GREENLAND CENTER, CHAOYANG
(Street)
BEIJING100102
(City)(State)(Zip)
CHINA
(Country)		2. Issuer Name and Ticker or Trading Symbol
17 Education & Technology Group Inc. [ YQ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
American depositary shares(1)08/07/2026L3,684A$2.167963,607IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)08/10/2026P3,295A$2.439566,902IBy Future Glory Technology Holdings Limited(2)
American depositary shares222D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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.
2. Future Glory Technology Holdings Limited is a British Virgin Islands limited liability company, of which 99% of the equity interest is held by Glory Venture Technology Limited, and the remaining 1% is held by Future Adventures Investment Holdings Limited. Glory Venture Technology Limited, a company incorporated under the laws of British Virgin Islands, is wholly owned by Trident Trust Company (HK) Limited, the trustee of the Sunny Trust. Mr. Andy Chang Liu is the settlor of the Sunny Trust, and he and his family members are its beneficiaries. Future Adventures Investment Holdings Limited is a company incorporated under the laws of British Virgin Islands and wholly owned by Mr. Andy Chang Liu.
/s/ Andy Chang Liu08/11/2026
** Signature of Reporting PersonDate
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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR