[144] Yum! Brands, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Yum! Brands, Inc. (YUM) shows a proposed sale of 7,106 common shares through Merrill Lynch (Columbus, OH) with an aggregate market value of $1,043,445.00, scheduled for 08/15/2025 on the NYSE. The filing states the shares were acquired via SAR exercise and sale on 02/05/2016 (5,152 shares) and 05/20/2016 (1,954 shares), and payment will be in stock. The filer discloses prior sales by the same person in the past three months: on 07/15/2025 (7,117 shares, gross proceeds $1,043,352.00) and on 06/16/2025 (7,032 shares, gross proceeds $1,012,608.00). The notice includes the standard representation that the seller is not aware of undisclosed material adverse information and a signature/attestation section.

Positive

• None.

Negative

• Insider selling disclosed: Proposed sale of 7,106 shares (~$1,043,445) and two recent sales totaling 14,149 shares (~$2.056M) in the past three months.

Insights

Securities Analyst

TL;DR: Insider intends to sell ~7.1k YUM shares (~$1.04M) on 08/15/2025; recent related sales occurred in June and July 2025.

The filing is a routine Rule 144 notice disclosing an upcoming sale of 7,106 common shares via Merrill Lynch, acquired in 2016 through SAR exercises. The filer also reported two recent sales in June and July 2025 totaling 14,149 shares and roughly $2.06M in gross proceeds. As a compliance disclosure, it notifies market participants of controlled-person sales and fulfills public reporting obligations; it does not by itself provide new operational or financial information about Yum! Brands.

Corporate Governance Specialist

TL;DR: Proper disclosure of insider sales under Rule 144; multiple recent disposals may be relevant to investor sentiment but are compliance-driven.

This Form 144 confirms the seller followed Rule 144 procedures by notifying the market of planned sales and disclosing acquisition details (SAR exercises in 2016). Multiple filings and recent sales are notable for transparency and may prompt investor attention, but the document contains no indication of material, nonpublic corporate events or governance issues.

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 Lynch 8890 Lyra Drive 5th Floor Columbus OH 43240	7106	1043445.00	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	02/05/2016	SAR exercise and sale	YUM! Brands Inc			5152	08/15/2025	Stock
Common	05/20/2016	SAR exercise and sale	YUM! Brands Inc			1954	08/15/2025	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	07/15/2025	7117	1043352.00
David Gibbs 1441 Gardiner Lane, Louisville KY 40213	Common	06/16/2025	7032	1012608.00

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 Yum! Brands (YUM) Form 144 filed here report?

The filing reports a proposed sale of 7,106 common shares valued at $1,043,445.00 to be executed on 08/15/2025 through Merrill Lynch on the NYSE.

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

The reported shares were acquired by SAR exercise and sale from YUM! Brands Inc on 02/05/2016 (5,152 shares) and 05/20/2016 (1,954 shares).

Have there been recent sales by the same person?

Yes. The filing discloses sales on 07/15/2025 of 7,117 shares (gross proceeds $1,043,352.00) and on 06/16/2025 of 7,032 shares (gross proceeds $1,012,608.00).

Through which broker will the sale be executed?

The proposed sale lists Merrill Lynch, 8890 Lyra Drive, 5th Floor, Columbus, OH 43240 as the broker.

Does the Form 144 indicate any undisclosed material information about Yum! Brands?

No. The signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.