Yum China officer Pingping Liu proposes $53.8K sale

The notice also identifies the shares as acquired through a SAR exercise on February 10, 2017, and lists Merrill as broker.

Available on EDGAR 11/05/2026 - 08:05 PM EST Accepted by SEC EDGAR 11/05/2026 - 08:04 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Yum China Holdings, Inc. (YUMC) is identified as the issuer in a Rule 144 notice stating that officer Pingping Liu proposes to sell 1,062 common shares on November 5, 2026, with a listed aggregate market value of $53,784.99. Merrill is listed as broker, and NYSE is listed as the exchange. The shares are identified as acquired through a SAR exercise on February 10, 2017.

Key Figures

Shares proposed for sale: 1,062 common shares Aggregate market value: $53,784.99 Shares outstanding: 336,860,181 shares

3 metrics

Shares proposed for sale 1,062 common shares Proposed sale by Pingping Liu

Aggregate market value $53,784.99 Shares proposed for sale

Shares outstanding 336,860,181 shares Issuer shares outstanding

Key Terms

Rule 144, SAR Exercise

2 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

SAR Exercise financial

"SAR Exercise"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many YUMC shares does Pingping Liu propose to sell?

Officer Pingping Liu proposes to sell 1,062 common shares, with a listed aggregate market value of $53,784.99. The notice lists November 5, 2026, as the proposed sale date.

How did Pingping Liu acquire the YUMC shares listed for sale?

The shares are identified as acquired through a SAR exercise on February 10, 2017.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0002013881
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! China Holding, Inc.
SEC File Number	001-37762
Address of Issuer	101 East Park Blvd Ste 805 Plano TEXAS 75074
Phone	4699802898
Name of Person for Whose Account the Securities are To Be Sold	Pingping Liu
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 Floor Columbus OH 43240	1062	53784.99	336860181	11/05/2026	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	SAR Exercise	YUM China Holdings			1062	11/05/2026	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	11/05/2026
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	Pingping Liu
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)