17 Education CEO buys 10,284 ADS around $2.19

The CEO and major shareholder of YQ indirectly purchased additional ADS in several small open-market transactions.

Rhea-AI Filing Summary

17 Education & Technology Group Inc. (YQ) reported that its chief executive officer and director, Liu Chang, who is also a more than ten percent owner, indirectly acquired American depositary shares in late August and early September 2026. Through Future Glory Technology Holdings Limited, associated with a family trust structure, he acquired 729 ADS on August 31, 500 ADS on September 1, and 9,055 ADS on September 2 at per-ADS prices between $2.0530 and $2.1887. Each ADS represents fifty Class A ordinary shares.

Insider Trade Summary

Net Buyer: 9,055 shares

Net Buy 4 txns

Insider Liu Chang

Role Chief Executive Officer

Bought 9,055 shs ($20K)

Type	Security	Shares	Price	Value
Purchase	American depositary shares F1, F2	9,055	$2.1887	$20K
Small Acquisition	American depositary shares F1, F2	500	$2.053	$1K
Small Acquisition	American depositary shares F1, F2	729	$2.0828	$2K
holding	American depositary shares	--	--	--

Holdings After Transaction: American depositary shares — 102,848 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 September 2, 2026: 9,055 American depositary shares Purchase price September 2, 2026: $2.1887 per American depositary share Small acquisition August 31, 2026: 729 American depositary shares +4 more

7 metrics

ADS purchased September 2, 2026 9,055 American depositary shares Indirect purchase through Future Glory Technology Holdings Limited

Purchase price September 2, 2026 $2.1887 per American depositary share Indirect open-market or private transaction purchase

Small acquisition August 31, 2026 729 American depositary shares Small acquisition under Rule 16a-6, indirect holding

Small acquisition September 1, 2026 500 American depositary shares Small acquisition under Rule 16a-6, indirect holding

Total ADS acquired in reported period 10,284 American depositary shares Sum of indirect acquisitions on August 31, September 1, and September 2, 2026

Direct ADS holdings as of August 31, 2026 222 American depositary shares Direct ownership reported separately from indirect holdings

ADS to ordinary share ratio 1 ADS represents 50 Class A ordinary shares Representation of underlying YQ Class A ordinary shares per ADS

Key Terms

American depositary shares, Class A ordinary shares, Rule 16a-6, 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.

Class A ordinary shares financial

"represents fifty (50) Class A ordinary shares, with a par value of US$0.0001"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Rule 16a-6 regulatory

"Small acquisition under Rule 16a-6"

Sunny Trust financial

"the trustee of the Sunny Trust. Mr. Andy Chang Liu is the settlor"

FAQ

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

What insider transactions did YQ report for Liu Chang in this Form 4?

The filing reports that Liu Chang, chief executive officer and director of YQ, indirectly acquired 729 ADS on August 31, 500 ADS on September 1, and 9,055 ADS on September 2, 2026, in a series of acquisitions and an open-market purchase.

How many YQ ADS did Liu Chang acquire in total in these transactions?

Across the reported transactions, entities associated with Liu Chang acquired a total of 10,284 American depositary shares, consisting of 729 ADS and 500 ADS in small acquisitions and 9,055 ADS in an open-market purchase.

What prices did Liu Chang pay for YQ American depositary shares?

The reported per-ADS prices were $2.0828 for 729 ADS on August 31, $2.0530 for 500 ADS on September 1, and $2.1887 for 9,055 ADS on September 2, 2026. These were open-market or private transaction purchase prices.

Were Liu Chang’s YQ share purchases made under a Rule 10b5-1 trading plan?

No. The filing indicates that the transactions were not made pursuant to a Rule 10b5-1 trading plan, meaning there is no affirmed pre-arranged trading plan governing the timing of these acquisitions.

How are the reported YQ shares held for Liu Chang?

The acquired American depositary shares are held indirectly through Future Glory Technology Holdings Limited, a British Virgin Islands company that is part of a structure involving the Sunny Trust in which Mr. Andy Chang Liu is the settlor and he and his family members are beneficiaries.

What does each YQ American depositary share represent?

Each American depositary share of YQ represents 50 Class A ordinary shares with a par value of US$0.0001 per share. This ratio links the ADS traded in the market to the company’s underlying Class A ordinary shares.

How many YQ ADS does Liu Chang hold directly after these transactions?

A holding entry in the filing shows that Liu Chang held 222 American depositary shares directly as of August 31, 2026, separate from the larger indirect holdings through Future Glory Technology Holdings Limited.

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

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Available on EDGAR 09/03/2026 - 06:48 AM EDT Accepted by SEC EDGAR 09/03/2026 - 06:48 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)
08/31/2026

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)	08/31/2026		L		729	A	$2.0828	93,293	I	By Future Glory Technology Holdings Limited(2)
American depositary shares(1)	09/01/2026		L		500	A	$2.053	93,793	I	By Future Glory Technology Holdings Limited(2)
American depositary shares(1)	09/02/2026		P		9,055	A	$2.1887	102,848	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	09/03/2026
	** 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)