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17 Education & Technology (YQ) CEO Liu Chang reports indirect ADS acquisitions

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

Rhea-AI Filing Summary

17 Education & Technology Group Inc. director, chief executive officer and 10% owner Liu Chang reported indirect acquisitions of American depositary shares (ADSs) of the company through Future Glory Technology Holdings Limited. On August 13, 2026, the entity purchased 853 ADSs at $2.4085 per ADS in an open-market or private transaction. On August 12 and 11, 2026, it reported small acquisitions under Rule 16a-6 of 1,135 ADSs at $2.4693 and 2,189 ADSs at $2.4301 per ADS, respectively. Each ADS represents 50 Class A ordinary shares. Liu Chang also reports 222 ADSs held directly as of August 11, 2026.

Positive

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Negative

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Insider Liu Chang
Role Chief Executive Officer
Bought 853 shs ($2K)
Type Security Shares Price Value
Purchase American depositary shares F1, F2 853 $2.4085 $2K
Small Acquisition American depositary shares F1, F2 1,135 $2.4693 $3K
Small Acquisition American depositary shares F1, F2 2,189 $2.4301 $5K
holding American depositary shares -- -- --
Holdings After Transaction: American depositary shares — 71,079 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.
ADSs purchased 2026-08-13 853 ADSs at $2.4085 per ADS Indirect open-market or private purchase via Future Glory Technology Holdings Limited
Small acquisition 2026-08-12 1,135 ADSs at $2.4693 per ADS Non-derivative small acquisition under Rule 16a-6, indirect
Small acquisition 2026-08-11 2,189 ADSs at $2.4301 per ADS Non-derivative small acquisition under Rule 16a-6, indirect
Direct holdings 222 ADSs Directly held by Liu Chang as of 2026-08-11
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
Par value per ordinary share US$0.0001 per share Par value of each Class A ordinary share represented by ADSs
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 ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By Future Glory Technology Holdings Limited""
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 of the Sunny Trust financial
"Mr. Andy Chang Liu is the settlor of the Sunny Trust, and he and his family members"

FAQ

What insider transactions did YQ’s Liu Chang report in this Form 4?
Liu Chang reported three indirect acquisitions of American depositary shares of 17 Education & Technology Group Inc. through Future Glory Technology Holdings Limited on August 11, 12 and 13, 2026, plus a directly held position of 222 ADSs as of August 11, 2026.

How many YQ ADSs were acquired by the entity tied to Liu Chang?
Future Glory Technology Holdings Limited acquired 853 ADSs on August 13, 1,135 ADSs on August 12, and 2,189 ADSs on August 11, 2026. All are indirectly attributed to Liu Chang as reporting person in this Form 4 filing.

What prices did Liu Chang’s associated entity pay for YQ ADSs?
The reported transactions show per-ADS prices of $2.4085 for 853 ADSs on August 13, $2.4693 for 1,135 ADSs on August 12, and $2.4301 for 2,189 ADSs on August 11, 2026, all recorded as non-derivative acquisitions.

How many YQ ADSs does Liu Chang hold directly according to this report?
The Form 4 lists 222 American depositary shares of 17 Education & Technology Group Inc. held directly by Liu Chang as of August 11, 2026. Additional holdings are reported indirectly through Future Glory Technology Holdings Limited.

What is the share ratio for 17 Education & Technology Group Inc. ADSs (YQ)?
Each American depositary share of 17 Education & Technology Group Inc. represents 50 Class A ordinary shares, each with a par value of US$0.0001 per share, according to the footnote in this Form 4 filing.

Through which entities are YQ shares indirectly held for Liu Chang?
Indirect holdings are reported through Future Glory Technology Holdings Limited, largely owned by Glory Venture Technology Limited and Future Adventures Investment Holdings Limited, with interests ultimately tied to the Sunny Trust, for which Mr. Andy Chang Liu is settlor and beneficiary.

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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)
08/11/2026		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)08/11/2026L2,189A$2.430169,091IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)08/12/2026L1,135A$2.469370,226IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)08/13/2026P853A$2.408571,079IBy 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 Liu08/14/2026
** 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