17 Education CEO reports ADS purchases in August

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.

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.

Insider Trade Summary

Net Buyer: 3,295 shares

Net Buy 3 txns

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.

Key Figures

ADS purchased 2026-08-10: 3,295 American depositary shares Purchase price 2026-08-10: $2.4395 per American depositary share Small acquisition 2026-08-07: 3,684 American depositary shares +3 more

6 metrics

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

Key Terms

American depositary shares, Rule 16a-6, indirect, Sunny Trust

4 terms

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/11/2026 - 06:14 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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)

BEIJING 100102

(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)

X	Director	X	10% Owner
X	Officer (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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
American depositary shares(1)	08/07/2026		L		3,684	A	$2.1679	63,607	I	By Future Glory Technology Holdings Limited(2)
American depositary shares(1)	08/10/2026		P		3,295	A	$2.4395	66,902	I	By Future Glory Technology Holdings Limited(2)
American depositary shares								222	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 Liu	08/11/2026
	** 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 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)