Yum China (NYSE: YUMC) CTO logs stock award and share sale

Rhea-AI Filing Summary

Yum China Holdings, Inc. Chief Technology Officer Leila Zhang reported equity compensation activity in company stock. On January 14, 2026, she acquired 4,353 shares of common stock at $0 per share, reflecting the settlement of performance share units with a performance period from January 1, 2023 to December 31, 2025. On the same date, she disposed of 1,410 shares of common stock at $47.22 per share. After these transactions, she directly owned 55,018 shares of Yum China common stock.

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

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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^*

Zhang Leila

(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 Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026

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	01/14/2026		A		4,353(1)	A	$0	56,428	D
Common Stock	01/14/2026		F		1,410	D	$47.22	55,018	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

Explanation of Responses:

1. Transaction represents the settlement of performance share units granted to this reporting person with a performance period from January 1, 2023 to December 31, 2025.

	/s/ Pingping Liu, Power of Attorney	01/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Yum China (YUMC) report for Leila Zhang?

Yum China reported that Chief Technology Officer Leila Zhang acquired 4,353 shares of common stock at $0 per share and disposed of 1,410 shares at $47.22 per share on January 14, 2026, leaving her with 55,018 directly owned shares.

How many Yum China shares does CTO Leila Zhang own after the reported Form 4 transactions?

Following the reported transactions, Chief Technology Officer Leila Zhang directly owned 55,018 shares of Yum China Holdings, Inc. common stock.

What was the size and price of Leila Zhang’s Yum China share acquisition?

On January 14, 2026, Leila Zhang acquired 4,353 shares of Yum China common stock at a price of $0 per share as part of a performance share unit settlement.

What Yum China share disposal did the CTO report on the same date?

Also on January 14, 2026, Leila Zhang reported the disposition of 1,410 shares of Yum China common stock at a price of $47.22 per share.

What performance period did the reported Yum China performance share units cover?

The performance share units that settled into 4,353 shares for Leila Zhang had a performance period from January 1, 2023 to December 31, 2025.

What is Leila Zhang’s role at Yum China (YUMC) according to the Form 4 filing?

According to the Form 4, Leila Zhang serves as Chief Technology Officer of Yum China Holdings, Inc.