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  4. [Form 4] 17 Education & Technology Group Inc. Insider Trading Activity

CEO-linked entity Future Glory adds YQ (NASDAQ: YQ) ADSs in open-market and small acquisitions

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

Rhea-AI Filing Summary

17 Education & Technology Group Inc. reported insider activity involving American depositary shares (ADSs). An entity associated with Chief Executive Officer Liu Chang, Future Glory Technology Holdings Limited, made an open-market purchase of 18,988 ADSs at $2.1989 per ADS. The filing also shows two small additional acquisitions under Rule 16a-6 and a direct holding of 222 ADSs, indicating both indirect and direct positions in the company’s ADSs.

Positive

  • None.

Negative

  • None.
Insider Liu Chang
Role Chief Executive Officer
Bought 18,988 shs ($42K)
Type Security Shares Price Value
Purchase American depositary shares 18,988 $2.1989 $42K
L American depositary shares 1,660 $2.199 $4K
L American depositary shares 42 $2.15 $90.30
holding American depositary shares -- -- --
Holdings After Transaction: American depositary shares — 22,910 shares (Indirect, By Future Glory Technology Holdings Limited); American depositary shares — 222 shares (Direct, null)
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. 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.
Open-market ADS purchase 18,988 ADSs at $2.1989 Indirect purchase by Future Glory Technology Holdings Limited on July 2, 2026
Small acquisition July 1 1,660 ADSs at $2.1990 Transaction coded L under Rule 16a-6, indirect ownership
Small acquisition June 30 42 ADSs at $2.15 Transaction coded L under Rule 16a-6, indirect ownership
Direct ADS holding 222 ADSs Directly owned as of June 30, 2026
ADS to ordinary share ratio 1 ADS = 50 Class A shares Structure of 17 Education & Technology Group Inc. ADSs
Net share direction 18,988 ADS net buy Net effect of reported buy/sell activity in this Form 4
American depositary share financial
"Each American depositary share ("ADS") represents fifty (50) Class A ordinary shares"
An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.
Rule 16a-6 regulatory
"transaction_code_description": "Small acquisition under Rule 16a-6""
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"ownership_type": "indirect""
trustee financial
"Trident Trust Company (HK) Limited, the trustee of the Sunny Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
settlor financial
"Mr. Andy Chang Liu is the settlor of the Sunny Trust"
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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did 17 Education & Technology Group Inc. (YQ) report in this Form 4?
The Form 4 reports an open-market purchase of 18,988 American depositary shares at $2.1989 per ADS, plus two small acquisitions under Rule 16a-6, and a direct holding entry showing 222 ADSs.

Who is associated with the YQ insider purchases disclosed in this filing?
The purchases are attributed to Future Glory Technology Holdings Limited, an entity associated with CEO Liu Chang through the Sunny Trust structure, rather than to him directly, reflecting indirect ownership of the American depositary shares.

What price did the insider-associated entity pay for YQ American depositary shares?
The main open-market transaction shows Future Glory Technology Holdings Limited buying 18,988 ADSs at an average price of $2.1989 per ADS, indicating cash deployed into the company’s American depositary shares at that trading level.

What are the smaller YQ transactions labeled as Rule 16a-6 acquisitions?
Two transactions on June 30 and July 1 are coded “L” for small acquisitions under Rule 16a-6, covering 42 ADSs at $2.15 and 1,660 ADSs at $2.1990, both held indirectly through Future Glory Technology Holdings Limited.

How many YQ American depositary shares does the insider hold directly according to the filing?
A holding entry dated June 30 lists 222 American depositary shares as directly owned. This is separate from the larger indirect holdings attributed to Future Glory Technology Holdings Limited, which are reported under indirect ownership in the same Form 4.

What does each YQ American depositary share represent in terms of ordinary shares?
Each American depositary share of 17 Education & Technology Group Inc. represents 50 Class A ordinary shares with a par value of US$0.0001 per share, according to the footnote describing the ADS-to-ordinary-share ratio.
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)
06/30/2026		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)06/30/2026L42A$2.152,262IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)07/01/2026L1,660A$2.1993,922IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)07/02/2026P18,988A$2.198922,910IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)222D
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 Liu07/06/2026
** 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