YUM Form 144: Insider Notice to Sell 12,220 Shares ($1.81M)

YUM filer submitted a Form 144 notifying a proposed sale of 12,220 common shares, scheduled approximately for 08/15/2025.

Rhea-AI Filing Summary

YUM filer submitted a Form 144 notifying a proposed sale of 12,220 common shares, scheduled approximately for 08/15/2025. The filing lists the broker as Merrill (8890 Lyra Dr, Columbus, OH) and reports an aggregate market value of $1,811,513.00 for the shares. The securities were acquired on 02/10/2017 via a stock option exercise from Yum! Brands Inc and the intended payment form is shares. The filing shows 279,101,936 shares outstanding, making the proposed sale roughly 0.0044% of outstanding common stock. No sales by the same person are reported in the prior three months.

Positive

• Complete statutory disclosure: Filing includes acquisition date, nature of acquisition, broker, and aggregate market value as required under Rule 144.
• Small relative size: Proposed sale equals approximately 0.0044% of outstanding shares, indicating minimal market impact.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale notice for a small number of shares; not materially dilutive.

The Form 144 documents a proposed sale of 12,220 common shares with an aggregate market value of $1.81 million. Because the filing reports 279,101,936 shares outstanding, the sale represents approximately 0.0044% of outstanding stock, indicating immaterial impact on share supply or ownership concentration. The shares were originally acquired via a stock option exercise in 2017. There are no reported sales by this person in the prior three months, and the sale is to be executed through Merrill. From a market-impact perspective, the size and nature of this filing are routine and unlikely to affect YUM's valuation.

Corporate Governance Specialist

TL;DR: Disclosure aligns with Rule 144 requirements; provides customary insider representation.

The notice includes standard representations that the seller is not aware of undisclosed material adverse information and references potential Rule 10b5-1 trading plans. The filing identifies acquisition details (02/10/2017, stock option exercise) and the broker handling the transaction. No unusual payment terms or related-party transfers are disclosed. As submitted, the Form 144 fulfills routine disclosure obligations under the Securities Act.

FAQ

What does the YUM Form 144 report?

The filing notifies a proposed sale of 12,220 common shares through Merrill with an aggregate market value of $1,811,513.00, approximately on 08/15/2025.

How were the shares reported in the YUM Form 144 acquired?

The shares were acquired on 02/10/2017 by a stock option exercise from Yum! Brands Inc.

How large is the sale relative to YUM's outstanding shares?

The filing shows 279,101,936 shares outstanding; 12,220 shares are about 0.0044% of that total.

Did the filer sell other YUM shares in the past three months?

The Form 144 reports Nothing to Report for securities sold during the past three months by the person for whose account the sale is to be made.

Does the Form 144 indicate any undisclosed material information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed; no undisclosed material information is indicated in the filing.

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Accepted by SEC EDGAR 08/15/2025 - 03:49 PM Learn about SEC filing dates

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	0001660119
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	YUM BRANDS INC
SEC File Number	001-13163
Address of Issuer	1441 GARDINER LANE LOUISVILLE KENTUCKY 40213
Phone	5028748300
Name of Person for Whose Account the Securities are To Be Sold	Skeans Tracy L
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	Officer

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	12220	1811513.00	279101936	08/15/2025	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	02/10/2017	Stock Option Exercise	YUM! Brands Inc			12220	08/15/2025	Shares

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/15/2025
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	Tracy Skeans
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)