[144] YUM BRANDS INC SEC Filing

Rhea-AI Filing Summary

Form 144 notice for YUM Brands, Inc. An insider proposes to sell 7,176 shares of common stock through Merrill Lynch on the NYSE, with an aggregate market value of $1,074,965 and an approximate sale date of 09/15/2025. The securities were acquired in two SAR exercise-and-sale transactions on 02/05/2016 (5,200 shares) and 05/20/2016 (1,976 shares). The filer also disclosed two prior sales within the past three months: 7,106 shares on 08/15/2025 and 7,117 shares on 07/15/2025, each generating gross proceeds of about $1.04M. The form includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Required disclosure filed under Rule 144 detailing the proposed sale and prior transactions
• Securities originate from 2016 SAR exercises, indicating long-held acquisition rather than recent insider grants

Negative

• Multiple insider sales reported in consecutive months (07/15/2025, 08/15/2025, planned 09/15/2025), which may concern some investors
• No 10b5-1 plan adoption date is provided in the supplied content, so it is unclear if sales are pre-planned

Insights

Securities Analyst

TL;DR: Insider is executing scheduled sales of previously acquired shares; disclosed sales are modest relative to a large public company.

The filing documents a Rule 144 notice for the sale of 7,176 shares valued at approximately $1.07M scheduled for 09/15/2025, executed via Merrill on the NYSE. The shares originated from SAR exercise-and-sale events in 2016. Two similar sales occurred in July and August 2025, each ~7,100 shares producing roughly $1.04M. This pattern indicates systematic disposition of long-held, issuer-derived shares rather than an immediate liquidity event tied to recent acquisition activity. The filing is procedural and provides the standard attestation about material non-public information.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 mechanics; repeated monthly sales merit monitoring but are routine when based on older SARs.

The notice identifies the seller (name and address provided in prior-sales table) and shows acquisitions via SAR exercise-and-sale in 2016, which typically become eligible for public resale under Rule 144 timing and conditions. The repeated monthly sales reported for July, August, and the planned September date suggest an ongoing sell program or systematic disposition of acquired shares. The form includes the required certification regarding undisclosed material information. No plan adoption date or 10b5-1 instruction date is specified on the face of the provided content.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill 8890 Lyra Dr 5th Flr Columbus OH 43240	7176	1074965	277535696	09/15/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/05/2016	Sar exercise and sale	YUM Brands Inc			5200	09/15/2025	Stock
Common	05/20/2016	Sar exercise and sale	YUM Brands Inc			1976	09/15/2025	Stock

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
David Gibbs 1441 Gardiner Lane Louisville KY 40213	Common	08/15/2025	7106	1043445
David Gibbs 1441 Gardiner Lane Louisville KY 40213	common	07/15/2025	7117	1043352

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for YUM (YUM) report?

The form reports a proposed sale of 7,176 common shares via Merrill on the NYSE with an aggregate market value of $1,074,965 and an approximate sale date of 09/15/2025.

Who acquired the shares being sold and when were they acquired?

The securities were acquired via SAR exercise-and-sale from YUM Brands Inc on 02/05/2016 (5,200 shares) and 05/20/2016 (1,976 shares).

Have there been recent sales by the same person?

Yes. The filer sold 7,117 shares on 07/15/2025 and 7,106 shares on 08/15/2025, each yielding roughly $1.04M in gross proceeds.

Does the filing state whether the seller knows of any undisclosed material information?

Yes. By signature, the seller represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

Is there information about a 10b5-1 trading plan in the provided content?

No. The supplied content does not include a date of plan adoption or indicate reliance on a 10b5-1 trading instruction.