SEPTInvestingStart Free
Stocks/AACG/SEC Filings/SCHEDULE 13D/A Nov 9, 2026

AACG SCHEDULE 13D/A: Board change

Kevin Xiaofeng Ma, Chairman and CEO of ATA Creativity Global

Filed with the SEC on Nov 9, 2026 · accession 0001104659-26-124479

AACG filed a SCHEDULE 13D/A (schedule 13d/a) with the SEC on Nov 9, 2026. Kevin Xiaofeng Ma, Chairman and CEO of ATA Creativity Global, filed an amended Schedule 13D reporting that the Ma Family Trust was terminated and its shares were distributed to Precious Time Holdings Limited. The stock moved -2.9% by the first close after the filing.

Summary of the filing

Kevin Xiaofeng Ma, Chairman and CEO of ATA Creativity Global, filed an amended Schedule 13D reporting that the Ma Family Trust was terminated and its shares were distributed to Precious Time Holdings Limited. Ma and his affiliated entities collectively beneficially own approximately 19.2% of the company's common shares.

For details, click here →

Key details

Common shares beneficially owned by Xiaofeng Ma directly$1.7M
Common shares held by Able Knight Development Limited$5.0M
Common shares held by Joingear Limited$18.4M
Total common shares beneficially owned by reporting persons$25.2M
IssuerATA Creativity Global
Reporting person; wholly owned by precious time holdings limitedAble Knight Development Limited
Reporting person; wholly owned by xiaofeng maPrecious Time Holdings Limited
Reporting person; wholly owned by xiaofeng maJoingear Limited
Former reporting person; terminated on september 25, 2026Ma Family Trust
Chairman of the board and chief executive officerKevin Xiaofeng Ma

How AACG stock reacted

Close before

$0.60

Nov 6, 2026

First close after

-2.92%

$0.58

5 trading days

—

Since filing

—

✦ Ask GOAX AI about this filing — what it means for AACG, what changed since its last filings and what to watch next.

Try it free for 7 days

🔔 Want to stay updated on new SEC filings for AACG?

Click here

Frequently asked questions

What did AACG file with the SEC on Nov 9, 2026?

AACG filed a SCHEDULE 13D/A (Board change). Kevin Xiaofeng Ma, Chairman and CEO of ATA Creativity Global, filed an amended Schedule 13D reporting that the Ma Family Trust was terminated and its shares were distributed to Precious Time Holdings Limited. Ma and his affiliated entities collectively beneficially own approximately 19.2% of the company's common shares.

What does a board change mean for AACG stock?

Not always. A planned retirement with a successor is usually calm; a sudden departure “effective immediately”, especially of a CFO or near results, often worries investors.

How do I read a SCHEDULE 13D/A?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D/A (schedule 13d/a): A report the company filed with the SEC (the US market regulator).

How did AACG stock react to this filing?

AACG closed at $0.60 before the filing and $0.58 on Nov 9, 2026 (-2.92%).

Other AACG SEC filings

  • SCHEDULE 13D · Activist campaignOct 22, 2026
  • SCHEDULE 13G/A · SEC filingSep 8, 2026
  • 6-K · Secondary offeringJul 22, 2026
  • 6-K · Board changeJul 7, 2026
  • 6-K · DivestitureJul 2, 2026
  • 6-K · SEC filingJun 5, 2026
  • 6-K · SEC filingMay 6, 2026

Get alerts when AACG files with the SEC, plus live charts, key levels and news for 13,000+ stocks.

Try SEPT free for 7 days
AACG overviewAACG analysisAACG newsLatest SEC filings
Source: SEC EDGAR filing 0001104659-26-124479. The summary and key details are extracted by SEPT from the filing and may contain errors. Price reaction uses daily closing prices. Not financial advice.