17 Education & Technology (YQ) CEO adds ADS stake with August buys via trust
Rhea-AI Filing Summary
17 Education & Technology Group Inc. (YQ) reported that Liu Chang, its Chief Executive Officer and a more-than-10% owner, indirectly acquired American depositary shares (ADSs) in several transactions between August 14 and 21, 2026. These ADSs are held through Future Glory Technology Holdings Limited, a British Virgin Islands company linked to the Sunny Trust structure described in the notes.
The activity includes one open-market or private purchase of 846 ADSs at $2.457 per ADS and several small acquisitions under Rule 16a-6 in blocks ranging from 221 ADSs to 2,837 ADSs, all at prices around the mid‑$2 range. Separately, Liu Chang is shown as holding 222 ADSs directly as of August 14, 2026. Each ADS represents 50 Class A ordinary shares with a par value of $0.0001 per ordinary share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,770 shares
Net Buy
6 txns
Insider
Liu Chang
Role
Chief Executive Officer
Bought
846 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | American depositary shares F1, F2 | 846 | $2.457 | $2K |
| Small Acquisition | American depositary shares F1, F2 | 2,837 | $2.4552 | $7K |
| Small Acquisition | American depositary shares F1, F2 | 572 | $2.2614 | $1K |
| Small Acquisition | American depositary shares F1, F2 | 294 | $2.2803 | $670.41 |
| Small Acquisition | American depositary shares F1, F2 | 221 | $2.3951 | $529.32 |
| holding | American depositary shares | -- | -- | -- |
Holdings After Transaction:
American depositary shares — 75,849 shares (Indirect, By Future Glory Technology Holdings Limited);
American depositary shares — 222 shares (Direct)
Footnotes (2)
- 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.
- 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
Open-market purchase: 846 American depositary shares at $2.457 per ADS
Rule 16a-6 acquisition: 2,837 American depositary shares at $2.4552 per ADS
Rule 16a-6 acquisition: 572 American depositary shares at $2.2614 per ADS
+5 more
8 metrics
Open-market purchase
846 American depositary shares at $2.457 per ADS
Purchase in open market or private transaction on August 21, 2026
Rule 16a-6 acquisition
2,837 American depositary shares at $2.4552 per ADS
Small acquisition under Rule 16a-6 on August 20, 2026
Rule 16a-6 acquisition
572 American depositary shares at $2.2614 per ADS
Small acquisition under Rule 16a-6 on August 19, 2026
Rule 16a-6 acquisition
294 American depositary shares at $2.2803 per ADS
Small acquisition under Rule 16a-6 on August 17, 2026
Rule 16a-6 acquisition
221 American depositary shares at $2.3951 per ADS
Small acquisition under Rule 16a-6 on August 14, 2026
Direct holdings
222 American depositary shares
Directly held by Liu Chang as of August 14, 2026
ADS-to-share ratio
1 ADS represents 50 Class A ordinary shares
Structure of 17 Education & Technology Group Inc. ADSs
Par value
$0.0001 per Class A ordinary share
Par value of underlying ordinary shares represented by ADSs
Key Terms
American depositary shares, Rule 16a-6, par value, settlor, +2 more
6 terms
Rule 16a-6 regulatory
"transaction_code_description": "Small acquisition under Rule 16a-6""
par value financial
"Class A ordinary shares, with a par value of US$0.0001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
settlor financial
"Mr. Andy Chang Liu is the settlor of the Sunny Trust"
beneficiaries financial
"he and his family members are its beneficiaries"
Beneficiaries are the people or organizations designated to receive benefits, such as money or assets, from a financial arrangement like a trust, insurance policy, or retirement plan. They matter to investors because choosing the right beneficiaries ensures that assets are passed on according to their wishes, providing financial security or support to loved ones when needed. Think of beneficiaries as the intended recipients of a gift or inheritance.
trustee financial
"wholly owned by 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.
FAQ
What insider transactions did YQ’s CEO Liu Chang report in this Form 4?
Liu Chang reported multiple acquisitions of American depositary shares of 17 Education & Technology Group Inc. between August 14 and 21, 2026, including one open‑market or private purchase and several small acquisitions under Rule 16a-6, all held indirectly through Future Glory Technology Holdings Limited.
How many YQ ADSs did Liu Chang buy in the open market or private transaction?
Liu Chang, through Future Glory Technology Holdings Limited, purchased 846 American depositary shares of YQ on August 21, 2026 at a price of $2.457 per ADS in an open‑market or private transaction.
What small acquisitions under Rule 16a-6 were reported for YQ?
The Form 4 lists several Rule 16a-6 small acquisitions of YQ ADSs: 2,837 ADSs at $2.4552 on August 20, 572 ADSs at $2.2614 on August 19, 294 ADSs at $2.2803 on August 17, and 221 ADSs at $2.3951 on August 14, all held indirectly through Future Glory Technology Holdings Limited.
Does Liu Chang hold any YQ ADSs directly in his own name?
Yes. As of August 14, 2026, the Form 4 shows Liu Chang holding 222 American depositary shares of YQ directly, separate from the larger indirect holdings reported through Future Glory Technology Holdings Limited.
Who ultimately benefits from the YQ ADSs held through Future Glory Technology Holdings Limited?
Future Glory Technology Holdings Limited is owned through entities tied to the Sunny Trust. The trustee is Trident Trust Company (HK) Limited, and Mr. Andy Chang Liu is the settlor; he and his family members are beneficiaries, meaning the reported indirect ADS holdings are associated with that trust structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
