Yum China GM Kuai exercises RSUs, sells shares

Yum China Holdings officer Kuai Jeff reported routine equity transactions.

Accepted by SEC EDGAR 02/11/2026 - 06:10 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Yum China Holdings officer Kuai Jeff reported routine equity transactions. On February 9, 2026, he converted 2,868 and 844 restricted stock units into common stock at $0 per share, reflecting vested awards.

On the same date, he disposed of 1,671 common shares at $57.5 per share. After these transactions, Kuai directly beneficially owned 65,106 shares of Yum China common stock. He serves as General Manager, Pizza Hut at the company.

Insider Trade Summary

3,712 shares exercised/converted

Exercise 5 txns

Insider Kuai Jeff

Role General Manager, Pizza Hut

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,868	$0.00	$0.00
Exercise	Restricted Stock Unit	844	$0.00	$0.00
Exercise	Common Stock	2,868	$0.00	$0.00
Exercise	Common Stock	844	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,671	$57.50	$96K

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Common Stock — 65,106 shares (Direct)

Holdings Before and After: Restricted Stock Unit, 3,712 to 0 contracts (Direct); Common Stock, 63,065 to 65,106 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

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What insider activity did Kuai Jeff report at Yum China (YUMC)?

Kuai Jeff reported converting restricted stock units into common stock and disposing of some shares. On February 9, 2026, he exercised 2,868 and 844 RSUs into common shares and disposed of 1,671 common shares in separate transactions.

How many Yum China (YUMC) shares does Kuai Jeff hold after these transactions?

After the reported transactions, Kuai Jeff beneficially owns 65,106 shares of Yum China common stock. All of these shares are reported as held directly, reflecting his remaining stake following the RSU conversions and the 1,671-share disposition.

What RSU awards did Kuai Jeff convert into Yum China (YUMC) common stock?

He converted two restricted stock unit awards into common stock. One RSU grant covered 2,868 shares that vest one-third per year beginning February 9, 2023, and another covered 844 shares with 50% vesting on each of the second and third anniversaries of February 9, 2023.

At what price were Kuai Jeff’s Yum China (YUMC) transactions reported?

The RSU conversions into common stock were reported at a price of $0 per share. In a separate disposition coded “F,” 1,671 shares of Yum China common stock were reported at a transaction price of $57.5 per share on February 9, 2026.

What role does Kuai Jeff hold at Yum China (YUMC)?

Kuai Jeff is an officer of Yum China, serving as General Manager, Pizza Hut. His Form 4 filing identifies this officer title and reports that the equity transactions and resulting share ownership are held in a direct ownership capacity.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Kuai Jeff

(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)
	General Manager, Pizza Hut

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		2,868	A	$0(1)	65,933	D
Common Stock	02/09/2026		M		844	A	$0(1)	66,777	D
Common Stock	02/09/2026		F		1,671	D	$57.5	65,106	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			2,868	(2)	(3)	Common Stock	2,868	$0	0	D
Restricted Stock Unit	(1)	02/09/2026		M			844	(4)	(3)	Common Stock	844	$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).
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.