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17 Education CEO buys 5,659 ADS in August

17 Education & Technology Group Inc. (YQ) director, chief executive officer and 10% owner Liu Chang reported indirect acquisitions of American depositary shares (ADSs) through Future Glory Technology Holdings Limited.

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

Rhea-AI Filing Summary

17 Education & Technology Group Inc. (YQ) director, chief executive officer and 10% owner Liu Chang reported indirect acquisitions of American depositary shares (ADSs) through Future Glory Technology Holdings Limited. On 2026-08-28, Future Glory purchased 4,001 ADSs at $2.1074 per ADS, and on 2026-08-27 it made a Rule 16a-6 small acquisition of 1,658 ADSs at $2.1904 per ADS. A separate holding entry shows Liu Chang directly holding 222 ADSs as of 2026-08-27. Each ADS represents 50 Class A ordinary shares of 17 Education & Technology Group Inc.

Positive

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Negative

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Insider Liu Chang
Role Chief Executive Officer
Bought 4,001 shs ($8K)
Type Security Shares Price Value
Purchase American depositary shares F1, F2 4,001 $2.1074 $8K
Small Acquisition American depositary shares F1, F2 1,658 $2.1904 $4K
holding American depositary shares -- -- --
Holdings After Transaction: American depositary shares — 92,564 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 acquired 2026-08-28 4,001 ADSs Indirect purchase by Future Glory Technology Holdings Limited on 2026-08-28
Price per ADS 2026-08-28 $2.1074 per ADS Indirect purchase of 4,001 ADSs on 2026-08-28
ADSs acquired 2026-08-27 (small acquisition) 1,658 ADSs Rule 16a-6 small acquisition on 2026-08-27
Price per ADS 2026-08-27 $2.1904 per ADS Rule 16a-6 small acquisition of 1,658 ADSs on 2026-08-27
Direct ADS holdings 222 ADSs Directly held by Liu Chang as of 2026-08-27
ADS-to-ordinary-share ratio 1 ADS = 50 Class A ordinary shares Each ADS represents 50 Class A ordinary shares, par value US$0.0001
Sunny Trust settlor equity path 99% / 1% equity split in Future Glory 99% held by Glory Venture Technology Limited; 1% by Future Adventures Investment Holdings Limited
American depositary shares financial
"Each American depositary share ("ADS") represents fifty (50) Class A"
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"
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
"transaction_code_description": "Small acquisition under Rule 16a-6""
British Virgin Islands limited liability company financial
"Future Glory Technology Holdings Limited is a British Virgin Islands limited"
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.
settlor financial
"Mr. Andy Chang Liu is the settlor of the Sunny Trust"

FAQ

What insider transactions did YQ CEO Liu Chang report in this Form 4?
Liu Chang reported indirect acquisitions by Future Glory Technology Holdings Limited of 4,001 ADSs on 2026-08-28 at $2.1074 per ADS and a Rule 16a-6 small acquisition of 1,658 ADSs on 2026-08-27 at $2.1904 per ADS, plus a direct holding of 222 ADSs.

How many YQ ADSs were acquired in total in the reported transactions?
The filing reports indirect acquisitions totaling 5,659 ADSs of 17 Education & Technology Group Inc., consisting of 4,001 ADSs purchased on 2026-08-28 and 1,658 ADSs acquired as a Rule 16a-6 small acquisition on 2026-08-27.

What prices did YQ insider Liu Chang pay for the acquired ADSs?
The reported indirect acquisitions were at per-ADS prices of $2.1074 for 4,001 ADSs on 2026-08-28 and $2.1904 for 1,658 ADSs on 2026-08-27. These prices are stated as per-share amounts for the ADSs.

How many YQ ADSs does Liu Chang hold directly according to this filing?
A holding entry in the Form 4 states that Liu Chang directly holds 222 American depositary shares of 17 Education & Technology Group Inc. as of 2026-08-27.

What does each YQ ADS 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 filing’s footnote.

Through which entity were the indirect YQ ADS acquisitions made?
The indirect acquisitions were made through Future Glory Technology Holdings Limited, a British Virgin Islands limited liability company whose equity interests are held by entities ultimately associated with Mr. Andy Chang Liu and the Sunny Trust, as described in the footnote.

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

Form 4 Insider Transactions: What Each Field Means →
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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)
08/27/2026		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)08/27/2026L1,658A$2.190488,563IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)08/28/2026P4,001A$2.107492,564IBy 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 Liu09/01/2026
** 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