Is the Ruby Rong Lu Yum China (YUMC) share grant a derivative exercise?

No, the transaction is not described as a derivative exercise. The data lists a non-derivative award of common stock, with 7,865 shares granted directly at $0.00 per share, and no associated exercise price or expiration date fields filled in.

Yum China director granted 7,865 shares

Yum China Holdings director Ruby Rong Lu received a grant of common stock.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Yum China Holdings director Ruby Rong Lu received a grant of common stock. On 2026-06-01, she acquired 7,865 shares of Yum China common stock as a grant or award at no cash cost per share. After this compensation-related award, her directly held position increased to 73,935 shares, indicating a routine update to her equity stake rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 7,865 shares

Grant/Award 1 txn

Insider Lu Ruby Rong

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,865	$0.00	$0.00

Holdings After Transaction: Common Stock — 73,935 shares (Direct)

Key Figures

Shares granted: 7,865 shares Grant price per share: $0.00 per share Shares held after transaction: 73,935 shares +1 more

4 metrics

Shares granted 7,865 shares Common Stock grant on June 1, 2026

Grant price per share $0.00 per share Equity award, non-derivative common stock

Shares held after transaction 73,935 shares Total direct holdings after award

Transaction type Grant, award, or other acquisition Form 4 transaction code A, non-derivative

Key Terms

Common Stock, Grant, award, or other acquisition, Form 4

3 terms

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did Yum China (YUMC) report for Ruby Rong Lu?

Yum China reported that director Ruby Rong Lu received a grant of 7,865 shares of common stock. The award was recorded at a price of $0.00 per share, reflecting a compensation-related equity grant rather than an open-market transaction.

How many Yum China (YUMC) shares does Ruby Rong Lu hold after this grant?

After the 7,865-share award, Ruby Rong Lu holds 73,935 Yum China common shares directly. This figure comes from the post-transaction ownership line, showing her updated equity stake following the compensation-related grant on June 1, 2026.

Was Ruby Rong Lu’s Yum China (YUMC) transaction a market purchase or sale?

No, the filing classifies the transaction with code A as a grant, award, or other acquisition. It reflects shares received as compensation at $0.00 per share, not an open-market buy or sell decision by the director.

What does transaction code A mean in the Yum China (YUMC) Form 4?

Transaction code A on the Form 4 means a grant, award, or other acquisition of securities. In this case, it identifies 7,865 Yum China common shares awarded to director Ruby Rong Lu as equity compensation rather than a cash purchase transaction.

Does the Yum China (YUMC) filing show any stock sales by Ruby Rong Lu?

The summarized Form 4 data shows no stock sales by Ruby Rong Lu. It records only one acquisition transaction coded A, representing a grant of 7,865 common shares and updating her direct holdings to 73,935 shares after the award.

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

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Accepted by SEC EDGAR 06/03/2026 - 08:05 AM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lu Ruby Rong

(Last)

(First)

(Middle)

2-2-142 JIAN GUO MEN DIPLOMATIC RESIDENT

JIAN GUO MEN WAI, CHAO YANG DISTRICT

(Street)

BEIJING

100020

(City)

(State)

(Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Yum China Holdings, Inc. [ YUMC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/01/2026		A		7,865	A	$0	73,935	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Pingping Liu, Power of Attorney	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR