Yum China CFO exercises RSUs and sells shares

Yum China Holdings, Inc. Chief Financial Officer Adrian Ding reported equity award activity involving company stock.

Rhea-AI Filing Summary

Yum China Holdings, Inc. Chief Financial Officer Adrian Ding reported equity award activity involving company stock. On February 9, 2026, he converted 2,009 and 3,373 restricted stock units into the same number of common shares on a one-for-one basis at a stated price of $0 per share.

On the same date, 2,423 common shares were disposed of at $57.5 per share in a transaction coded "F," typically used for shares withheld or sold to cover taxes. Following these transactions, Ding directly held 50,346 common shares. Footnotes indicate the RSU grants vest over time beginning from February 9, 2023 and have no expiration date.

Insider Trade Summary

5,382 shares exercised/converted

Exercise 5 txns

Insider Ding Adrian

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,009	$0.00	$0.00
Exercise	Restricted Stock Unit	3,373	$0.00	$0.00
Exercise	Common Stock	2,009	$0.00	$0.00
Exercise	Common Stock	3,373	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,423	$57.50	$139K

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Common Stock — 50,346 shares (Direct)

Footnotes (4)

1. F1. Conversion occurs on a one-for-one basis.
2. F2. Vesting occurs 1/3 per year beginning one year from 2/9/2023.
3. F3. This grant does not have an expiration date.
4. F4. Vesting occurs 50% on the second anniversary of 2/9/2023 and the remaining 50% vesting occurs on the third anniversary of 2/9/2023.

FAQ

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

What insider transaction did Yum China (YUMC) report for its CFO?

Yum China reported that CFO Adrian Ding converted restricted stock units into common shares and disposed of some stock on February 9, 2026. The filing details RSU exercises, a tax-related share disposition, and his updated direct ownership position in Yum China common stock.

How many Yum China (YUMC) shares did the CFO acquire through RSU conversion?

On February 9, 2026, CFO Adrian Ding converted 2,009 and 3,373 restricted stock units into an equal number of Yum China common shares. These RSUs converted on a one-for-one basis, increasing his common stock holdings before accounting for any related share disposition.

Did the Yum China (YUMC) CFO sell shares in this Form 4 filing?

Yes. The filing shows a transaction coded “F” for 2,423 Yum China common shares at $57.5 per share on February 9, 2026. Code “F” typically represents shares withheld or sold to satisfy tax obligations upon vesting or exercise of equity awards.

What is the Yum China (YUMC) CFO’s ownership after the reported transactions?

After the February 9, 2026 transactions, CFO Adrian Ding directly owned 50,346 Yum China common shares. This figure reflects RSU conversions into common stock and the tax-related share disposition reported in the same Form 4 submission filed under Section 16 rules.

How do the Yum China (YUMC) RSUs held by the CFO vest over time?

The RSU awards referenced vest over multiple years from February 9, 2023. One grant vests in one-third installments annually, while another vests 50% on the second anniversary and 50% on the third, according to the explanatory footnotes in the insider transaction report.

Do the Yum China (YUMC) RSU grants to the CFO have an expiration date?

The filing notes that the RSU grant described has no expiration date. Instead, vesting is governed by time-based schedules starting from February 9, 2023, with shares converting into common stock on a one-for-one basis upon vesting, as detailed in the footnotes.

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

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Accepted by SEC EDGAR 02/11/2026 - 06:17 AM Learn about SEC filing dates

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^*

Ding Adrian

(Last) (First) (Middle)

YUM CHINA BUILDING

20 TIAN YAO QIAO ROAD

(Street)

SHANGHAI F4 200030

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2026		M		2,009	A	$0(1)	49,396	D
Common Stock	02/09/2026		M		3,373	A	$0(1)	52,769	D
Common Stock	02/09/2026		F		2,423	D	$57.5	50,346	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	02/09/2026		M			2,009	(2)	(3)	Common Stock	2,009	$0	0	D
Restricted Stock Unit	(1)	02/09/2026		M			3,373	(4)	(3)	Common Stock	3,373	$0	0	D

Explanation of Responses:

1. Conversion occurs on a one-for-one basis.

2. Vesting occurs 1/3 per year beginning one year from 2/9/2023.

3. This grant does not have an expiration date.

4. Vesting occurs 50% on the second anniversary of 2/9/2023 and the remaining 50% vesting occurs on the third anniversary of 2/9/2023.

	/s/ Pingping Liu, Power of Attorney	02/11/2026
	** 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).
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