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17 Education (YQ) CEO Liu Chang adds indirect ADS holdings through BVI entity

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 a series of indirect acquisitions of American depositary shares (ADSs) through Future Glory Technology Holdings Limited. On 2026-08-06, the entity purchased 1,857 ADSs at $2.1315 per ADS, following small acquisitions of 1,751 ADSs at $2.1566 on 2026-08-05, 2 ADSs at $2.1050 on 2026-08-04, and 1,356 ADSs at $2.1083 on 2026-08-03. Each ADS represents 50 Class A ordinary shares. A separate entry shows 222 ADSs held directly as of 2026-08-03.

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Insider Liu Chang
Role Chief Executive Officer
Bought 1,857 shs ($4K)
Type Security Shares Price Value
Purchase American depositary shares F1, F2 1,857 $2.1315 $4K
Small Acquisition American depositary shares F1, F2 1,751 $2.1566 $4K
Small Acquisition American depositary shares F1, F2 2 $2.105 $4.21
Small Acquisition American depositary shares F1, F2 1,356 $2.1083 $3K
holding American depositary shares -- -- --
Holdings After Transaction: American depositary shares — 59,923 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.
ADS purchase 2026-08-06 1857.0000 ADS at $2.1315 per ADS Indirect purchase by Future Glory Technology Holdings Limited
ADS acquisition 2026-08-05 1751.0000 ADS at $2.1566 per ADS Small acquisition under Rule 16a-6, indirect ownership
ADS acquisition 2026-08-04 2.0000 ADS at $2.1050 per ADS Small acquisition under Rule 16a-6, indirect ownership
ADS acquisition 2026-08-03 1356.0000 ADS at $2.1083 per ADS Small acquisition under Rule 16a-6, indirect ownership
Direct ADS holdings 222.0000 ADS Directly held by Liu Chang as of 2026-08-03
ADS to ordinary share ratio 1 ADS represents 50 Class A ordinary shares Structure of 17 Education & Technology Group Inc. ADSs
Par value per Class A share US$0.0001 per share Par value of underlying Class A ordinary shares
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", "ownership_type": "indirect""
par value financial
"with a par value of US$0.0001 per share, of 17 Education"
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.
Sunny Trust financial
"the trustee of the Sunny Trust. Mr. Andy Chang Liu is the settlor"

FAQ

What insider transactions did 17 Education & Technology Group Inc. (YQ) report for Liu Chang?
Liu Chang reported indirect acquisitions of ADSs in early August 2026 via Future Glory Technology Holdings Limited, including purchases on 2026-08-06, 08-05, 08-04 and 08-03, plus a separate entry showing 222 ADSs held directly as of 2026-08-03.

How many ADSs were bought in the largest single transaction reported by YQ’s CEO?
The largest single reported transaction was an indirect purchase of 1,857 American depositary shares on 2026-08-06 at a price of $2.1315 per ADS, executed through Future Glory Technology Holdings Limited, an entity associated with Liu Chang via the Sunny Trust structure.

At what prices did Liu Chang’s associated entity acquire YQ American depositary shares?
The reported indirect acquisitions were made at $2.1315 per ADS on 2026-08-06, $2.1566 on 2026-08-05, $2.1050 on 2026-08-04, and $2.1083 on 2026-08-03, all involving American depositary shares representing Class A ordinary shares.

How are 17 Education & Technology Group Inc. (YQ) ADSs structured in this insider report?
Each American depositary share (ADS) represents 50 Class A ordinary shares with a par value of US$0.0001 per share. The transactions disclose trading in these ADSs rather than directly in the underlying ordinary shares of 17 Education & Technology Group Inc.

Were Liu Chang’s YQ share acquisitions made directly or through an entity?
Most reported transactions were indirect, held "By Future Glory Technology Holdings Limited", a British Virgin Islands company tied to the Sunny Trust. A separate holding line shows 222 ADSs held directly by Liu Chang as of 2026-08-03.

What is Future Glory Technology Holdings Limited’s relationship to YQ’s CEO Liu Chang?
Future Glory Technology Holdings Limited is a British Virgin Islands limited liability company whose equity is held by entities linked to the Sunny Trust. Liu Chang is the trust’s settlor, and he and his family members are its beneficiaries, so ADS holdings there are reported as indirectly owned.

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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)
08/03/2026		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)08/03/2026L1,356A$2.108356,313IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)08/04/2026L2A$2.10556,315IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)08/05/2026L1,751A$2.156658,066IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)08/06/2026P1,857A$2.131559,923IBy 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 Liu08/10/2026
** 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