As of November 6, 2026, 2 holders' latest Schedule 13D or 13G filings report owning 5% or more of 17 Education & Technology Group Inc. The largest reported stake is Andy Chang Liu's, at 41.3%. 3 filings are on record since August 15, 2025 (Schedule 13D/A, September 8, 2026).
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Key facts
- · Reporting person: Andy Chang Liu · Sole voting: 223,905,836 · Shared voting: 0 · Sole dispositive: 223,905,836 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-09-08
- · Holder: Chen Sunwei · Percent: 10.9% · SCHEDULE 13G/A
- · Holder: Andy Chang Liu · Percent: 40.5% · SCHEDULE 13D/A
17 Education & Technology Group Inc. has 3 Schedule 13D or 13G filings on record since 2025-08-15. 2 holders' latest filing reports 5% or more of class a ordinary shares, par value of $0.0001 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 41.3% | 223,905,836 | SCHEDULE 13D/A, 2026-09-08 | 2026-09-03 | |
| 10.9% | 35,592,848 | SCHEDULE 13G/A, 2026-02-13 | 2025-12-31 |
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What the Full Report on 17 Education & Technology Group Inc. covers
The Short Answer
Which Company This Is
What They Do, And How The Money Works
Who Runs It, And How To Reach Them
The Money: Funding, Valuation, Runway
Who Pays Them, And Who They Are Up Against
Warning Bells
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Andy Chang Liu | 223,905,836 | 0 | 223,905,836 | 0 | SCHEDULE 13D/A, 2026-09-08 |
| Fluency Holding Ltd. | 58,453,168 | 0 | 58,453,168 | 0 | SCHEDULE 13D/A, 2026-09-08 |
| Future Glory Technology Holdings Limited | 165,441,568 | 0 | 165,441,568 | 0 | SCHEDULE 13D/A, 2026-09-08 |
The latest filing identifies 17 Education & Technology Group Inc. by CUSIP 81807M304 and gives its principal executive office as 16/F, BLOCK B, WANGJING GREENLAND CENTER, Beijing (SCHEDULE 13D/A, 2026-09-08).
Source of funds (Item 3)
From June 30, 2026 through September 3, 2026, Future Glory Technology Holdings Limited purchased a total of 110,628 ADSs (representing 5,531,400 Class A ordinary shares) of the Issuer in the open market for approximately US$0.24 million, using its own funds, pursuant to a Rule 10b5-1 trading plan adopted by Future Glory Technology Holdings Limited on March 31, 2026 (as described below), in accordance with Rule 10b5-1 of the Act.Andy Chang Liu, SCHEDULE 13D/A, 2026-09-08
Purpose of Transaction (Item 4)
Andy Chang Liu
The information set forth in Item 3 is hereby incorporated by reference in its entirety. The purchases of ADSs on the open market were made for investment purposes. Except as set forth in this Statement or in the transaction documents described herein, none of the Reporting Persons has any present plan or proposal which related to or would result in any transaction, change or event specified in clauses (a) through (j) of Item 4 of Schedule 13D. Each of the Reporting Persons hereto intends to review its shareholding on a regular basis and, as a result thereof, may at any time or from time to time determine, either alone or as part of a group, (i) to acquire additional securities of the Issuer, through open market purchases, privately negotiated transactions or otherwise, (ii) to dispose of all or a portion of the securities of the Issuer owned by it in the open market, in privately negotiated transactions or otherwise or (iii) to take any other available course of action, which could involve one or more of the types of transactions or have one or more of the results described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.Item 4 of the SCHEDULE 13D/A filed 2026-09-08
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-08-15 | Andy Chang Liu | 40.5% | SCHEDULE 13D/A |
| 2026-02-13 | Chen Sunwei | 10.9% | SCHEDULE 13G/A |
| 2026-09-08 | Andy Chang Liu | 41.3% | SCHEDULE 13D/A |
Questions about who owns 17 Education & Technology Group Inc.
Who owns 17 Education & Technology Group Inc.?
On this page, 2 holders' latest ownership filings report 5% or more of 17 Education & Technology Group Inc.: Andy Chang Liu (41.3%, Schedule 13D/A, filed 2026-09-08) and Chen Sunwei (10.9%, Schedule 13G/A, filed 2026-02-13).
Who are the largest shareholders of 17 Education & Technology Group Inc.?
By the share each holder's latest filing reports, the largest holders of 17 Education & Technology Group Inc. on this page are Andy Chang Liu (41.3%) and Chen Sunwei (10.9%).
When did Andy Chang Liu buy into 17 Education & Technology Group Inc.?
The filings give report dates, not purchase dates. The earliest filing from Andy Chang Liu on this page is the Schedule 13D/A, filed 2025-08-15, reporting 40.5%; its latest, Schedule 13D/A filed 2026-09-08, reports 41.3%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 3 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.