17 Education CEO buys 7,633 ADS shares in market

Liu Chang, Chief Executive Officer and 10% owner of 17 Education & Technology Group Inc., reported indirect acquisitions of American depositary shares in July 2026.

Accepted by SEC EDGAR 07/20/2026 - 06:34 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Liu Chang, Chief Executive Officer and 10% owner of 17 Education & Technology Group Inc., reported indirect acquisitions of American depositary shares in July 2026. The largest was a 7,633 ADS open-market purchase at 2.0813 per ADS on July 17, resulting in indirect holdings of 34,927 ADS held via Future Glory Technology Holdings Limited, alongside 222 ADS held directly. Each ADS represents 50 Class A ordinary shares.

Insider Trade Summary

Net Buyer: 7,633 shares

Net Buy 5 txns

Insider Liu Chang

Role Chief Executive Officer

Bought 7,633 shs ($16K)

Type	Security	Shares	Price	Value
Purchase	American depositary shares F1, F2	7,633	$2.0813	$16K
Small Acquisition	American depositary shares F1, F2	308	$2.1661	$667.16
Small Acquisition	American depositary shares F1, F2	2,703	$2.1257	$6K
Small Acquisition	American depositary shares F1, F2	499	$2.478	$1K
Small Acquisition	American depositary shares F1, F2	874	$2.3266	$2K
Holding	American depositary shares	--	--	--

Holdings After Transaction: American depositary shares — 34,927 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.

Key Figures

Open-market ADS purchase: 7,633 ADS at 2.0813 Indirect ADS holdings after 2026-07-17: 34,927 ADS Small acquisition on 2026-07-06: 874 ADS at 2.3266 +2 more

5 metrics

Open-market ADS purchase 7,633 ADS at 2.0813 Non-derivative purchase on 2026-07-17

Indirect ADS holdings after 2026-07-17 34,927 ADS Indirectly held via Future Glory Technology Holdings Limited

Small acquisition on 2026-07-06 874 ADS at 2.3266 Non-derivative small acquisition under Rule 16a-6

Direct ADS holdings 222 ADS Directly held position as of 2026-07-06

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

Key Terms

American depositary share ("ADS"), Rule 16a-6, Sunny Trust, settlor

4 terms

American depositary share ("ADS") financial

"Each American depositary share ("ADS") represents fifty (50) Class A ordinary shares"

An American Depositary Share (ADS) is a U.S.-listed certificate issued by a U.S. bank that represents one or more ordinary shares of a foreign company, letting U.S. investors buy and sell that foreign stock in dollars on U.S. markets. It matters because ADSs make access to overseas companies easier and more convenient—like a local ticket that stands in for a foreign product—while affecting liquidity, dividend payments, currency conversion and the regulatory disclosures investors rely on.

Rule 16a-6 regulatory

"transaction_code_description": "Small acquisition under Rule 16a-6""

Sunny Trust financial

"Trident Trust Company (HK) Limited, the trustee of the Sunny Trust"

settlor financial

"Mr. Andy Chang Liu is the settlor of the Sunny Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider share purchases did YQ's Liu Chang report in July 2026?

Liu Chang reported acquiring American depositary shares (ADS) of 17 Education & Technology Group Inc. in July 2026, including a 7,633 ADS open-market purchase at 2.0813 per ADS on July 17 and several smaller Rule 16a-6 acquisitions earlier in the month.

How many YQ ADS does Liu Chang hold indirectly after these transactions?

Following the reported July 17, 2026 purchase, Liu Chang indirectly holds 34,927 ADS of 17 Education & Technology Group Inc., recorded as being held by Future Glory Technology Holdings Limited according to the ownership disclosure.

What does one YQ American depositary share represent for 17 Education & Technology Group Inc.?

Each American depositary share ("ADS") of 17 Education & Technology Group Inc. represents fifty (50) Class A ordinary shares, each with a par value of US$0.0001 per share, as specified in the ownership footnote.

Does Liu Chang hold any YQ ADS directly, outside of the trust-related entities?

Yes. The Form 4 shows a separate direct holding of 222 ADS of 17 Education & Technology Group Inc. as of July 6, 2026, in addition to the larger indirect position held through Future Glory Technology Holdings Limited.

Through which entities are Liu Chang's indirect YQ ADS holdings structured?

Indirect ADS are held via Future Glory Technology Holdings Limited, 99% owned by Glory Venture Technology Limited, which is wholly owned by Trident Trust Company (HK) Limited as trustee of the Sunny Trust, and 1% by Future Adventures Investment Holdings Limited, wholly owned by Mr. Andy Chang Liu.

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 4

UNITED 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)

BEIJING 100102

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
American depositary shares(1)	07/06/2026		L		874	A	$2.3266	23,784	I	By Future Glory Technology Holdings Limited(2)
American depositary shares(1)	07/08/2026		L		499	A	$2.478	24,283	I	By Future Glory Technology Holdings Limited(2)
American depositary shares(1)	07/15/2026		L		2,703	A	$2.1257	26,986	I	By Future Glory Technology Holdings Limited(2)
American depositary shares(1)	07/16/2026		L		308	A	$2.1661	27,294	I	By Future Glory Technology Holdings Limited(2)
American depositary shares(1)	07/17/2026		P		7,633	A	$2.0813	34,927	I	By Future Glory Technology Holdings Limited(2)
American depositary shares								222	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 Liu	07/20/2026
	** Signature of Reporting Person	Date
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)