Yum China (NYSE: YUMC) exec nets 50,891 shares after 3,729 RSUs convert

Rhea-AI Filing Summary

Yum China Holdings executive Wang Warton, General Manager of KFC, reported equity transactions dated 02/09/2026. A derivative transaction coded M shows the conversion of 3,729 restricted stock units into an equal number of common shares at a stated price of $0 per share.

On the same date, a non-derivative transaction coded F involved 1,679 shares of common stock at $57.5 per share. After these transactions, Wang Warton directly owns 50,891 shares of Yum China common stock.

Insider Trade Summary

3,729 shares exercised/converted

Mixed 3 txns

Insider Wang Warton

Role General Manager, KFC

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	3,729	$0.00	--
Exercise	Common Stock	3,729	$0.00	--
Tax Withholding	Common Stock	1,679	$57.50	$97K

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 52,570 shares (Direct)

Footnotes (1)

1. Conversion occurs on a one-for-one basis. Vesting occurs 1/3 per year beginning one year from 2/9/2023. This grant does not have an expiration date.

Form 4 Insider Transactions: What Each Field Means →

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^*

Wang Warton

(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, KFC

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		3,729	A	$0(1)	52,570	D
Common Stock	02/09/2026		F		1,679	D	$57.5	50,891	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			3,729	(2)	(3)	Common Stock	3,729	$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.

	/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.

FAQ

What insider transaction did Wang Warton report at Yum China (YUMC)?

Wang Warton reported converting 3,729 restricted stock units into common stock. The Form 4 shows a derivative transaction coded M on 02/09/2026, reflecting this one-for-one RSU conversion into Yum China common shares at a stated price of $0 per share.

How many Yum China (YUMC) shares does Wang Warton own after this Form 4?

After the reported transactions, Wang Warton directly owns 50,891 Yum China shares. His holdings reflect the RSU conversion and a same-day non-derivative transaction, leaving this final common stock balance reported as directly held.

What does the 3,729 restricted stock unit transaction mean for Yum China (YUMC)?

The 3,729 restricted stock unit transaction represents equity awards becoming common shares. According to the filing, conversion occurs on a one-for-one basis, so 3,729 RSUs converted into 3,729 shares of Yum China common stock on 02/09/2026.

What is the significance of the $57.5 price in Wang Warton’s Yum China (YUMC) Form 4?

The Form 4 reports a 1,679-share common stock transaction at $57.5 per share. This non-derivative transaction, coded F on 02/09/2026, is separate from the RSU conversion and is recorded at that per-share price in the filing.

What do the vesting terms in Wang Warton’s Yum China (YUMC) RSUs indicate?

The RSU grant vests one-third per year starting one year from 02/09/2023. Footnotes state vesting occurs 1/3 annually from that date and that this grant has no expiration date, clarifying how and when units become common shares.

Who is the insider involved in this Yum China (YUMC) Form 4 filing?

The insider is Wang Warton, General Manager of KFC at Yum China. The filing indicates he is an officer of the company, not a director or 10% owner, and reports his direct ownership and equity award activity.