STOCK TITAN

17 Education CEO (YQ) adds ADS through indirect July buys

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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 non-derivative acquisitions of American depositary shares (ADS) of YQ in late July 2026. On 30 July 2026, an open-market or private transaction purchase of 500 ADS was reported at $1.8628 per ADS.

From 22 to 29 July 2026, additional small acquisitions under Rule 16a-6 ranged from 243 ADS to 2,420 ADS per day at prices between $2.0634 and $2.2568 per ADS, all held indirectly through Future Glory Technology Holdings Limited. Liu Chang also reports 222 ADS held directly as of 22 July 2026. Each ADS represents 50 Class A ordinary shares with a par value of US$0.0001 per share.

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Insider Liu Chang
Role Chief Executive Officer
Bought 500 shs ($931.40)
Type Security Shares Price Value
Purchase American depositary shares F1, F2 500 $1.8628 $931.40
Small Acquisition American depositary shares F1, F2 500 $2.0636 $1K
Small Acquisition American depositary shares F1, F2 475 $2.0634 $980.12
Small Acquisition American depositary shares F1, F2 500 $2.1177 $1K
Small Acquisition American depositary shares F1, F2 275 $2.1502 $591.31
Small Acquisition American depositary shares F1, F2 243 $2.232 $542.38
Small Acquisition American depositary shares F1, F2 2,420 $2.2568 $5K
holding American depositary shares -- -- --
Holdings After Transaction: American depositary shares — 49,127 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.
Open-market purchase size 500 American depositary shares ADS purchased on 2026-07-30 in an open-market or private transaction
Open-market purchase price $1.8628 per ADS Price for 500 ADS purchased on 2026-07-30
Largest single-day acquisition 2,420 American depositary shares Small acquisition under Rule 16a-6 on 2026-07-22
Highest reported acquisition price $2.2568 per ADS Price for 2,420 ADS acquired on 2026-07-22
Direct ADS holdings 222 American depositary shares Directly held ADS position reported as of 2026-07-22
ADS to ordinary share ratio 1 ADS = 50 Class A ordinary shares Each ADS represents fifty Class A ordinary shares of YQ
Par value of Class A ordinary shares US$0.0001 per share Par value for each Class A ordinary share underlying the ADS
American depositary shares financial
"reported multiple acquisitions of American depositary shares (ADS) of YQ"
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
"small acquisitions under Rule 16a-6 ranged from 243 ADS to 2,420 ADS"
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.
trustee of the Sunny Trust financial
"Trident Trust Company (HK) Limited, the trustee of the Sunny Trust"
indirect ownership financial
"all held indirectly through Future Glory Technology Holdings Limited"

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FAQ

What insider ADS acquisitions did Liu Chang report for YQ in July 2026?

Liu Chang reported multiple ADS acquisitions for YQ in late July 2026, including an open-market or private purchase of 500 ADS at $1.8628 on 30 July and several small acquisitions under Rule 16a-6 between 22 and 29 July 2026.

Through which entities were the YQ ADS acquisitions reported by Liu Chang made?

Most reported YQ ADS acquisitions were held indirectly through Future Glory Technology Holdings Limited, a British Virgin Islands company connected to the Sunny Trust, where Liu (Mr. Andy Chang Liu) and his family are beneficiaries. A separate position of 222 ADS is held directly.

What prices did Liu Chang pay for YQ American depositary shares?

Reported transaction prices for YQ ADS range from $1.8628 per ADS for a 30 July 2026 purchase to $2.2568 per ADS for a 22 July 2026 acquisition. Other small acquisitions occurred at $2.0634, $2.0636, $2.1177 and $2.1502 per ADS.

How many YQ ADS did Liu Chang report in his largest single July 2026 acquisition?

The largest single reported acquisition involved 2,420 American depositary shares of YQ on 22 July 2026, coded as a “small acquisition under Rule 16a-6”. This position is held indirectly through Future Glory Technology Holdings Limited rather than directly in Liu’s own name.

What does each YQ American depositary share represent in underlying shares?

Each YQ American depositary share represents fifty (50) Class A ordinary shares of 17 Education & Technology Group Inc., each with a par value of US$0.0001. ADS holders therefore have economic exposure equivalent to 50 underlying Class A ordinary shares per ADS.

What direct YQ ADS holdings did Liu Chang report alongside the indirect positions?

Alongside the indirect holdings through Future Glory Technology Holdings Limited, Liu Chang reported 222 American depositary shares of YQ held directly as of 22 July 2026. This entry is recorded as a holding position rather than a new purchase transaction.
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)
07/22/2026
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)07/22/2026L2,420A$2.256846,634IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)07/23/2026L243A$2.23246,877IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)07/24/2026L275A$2.150247,152IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)07/27/2026L500A$2.117747,652IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)07/28/2026L475A$2.063448,127IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)07/29/2026L500A$2.063648,627IBy Future Glory Technology Holdings Limited(2)
American depositary shares(1)07/30/2026P500A$1.862849,127IBy 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 Liu07/31/2026
** 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)