Yum China director awarded 7,632 shares

Yum China Holdings director William Wang reported a stock grant of 7,632 shares of common stock.

Rhea-AI Filing Summary

Yum China Holdings director William Wang reported a stock grant of 7,632 shares of common stock. The shares were acquired at a price of $0.00 per share, indicating a compensation-related award rather than an open-market purchase.

Following this grant, Wang directly holds 64,852 shares of Yum China common stock. The filing also shows 12,035,635 shares held indirectly through Pollos Investment L.P., an investment vehicle tied to a private fund. Wang disclaims beneficial ownership of these indirectly held shares except for any pecuniary interest he may have through his interest in the fund’s parent company.

Insider Trade Summary

Grant/Award: 7,632 shares

Grant/Award 2 txns

Insider Yang William Wang

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.01 par value	7,632	$0.00	$0.00
holding	Common Stock, $0.01 par value	--	--	--

Holdings After Transaction: Common Stock, $0.01 par value — 64,852 shares (Direct); Common Stock, $0.01 par value — 12,035,635 shares (Indirect, See Footnotes)

Footnotes (2)

1. F1. The common stock is held directly by Pollos Investment L.P. ("Pollos Investment"). The limited partnership interests of Pollos Investment are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee.
2. F2. The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment, including in the shares sold in the Transaction, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and inclusion in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Key Figures

Stock grant: 7,632 shares Grant price: $0.00 per share Direct holdings after grant: 64,852 shares +1 more

4 metrics

Stock grant 7,632 shares Grant/award acquisition coded “A” on June 1, 2026

Grant price $0.00 per share Equity compensation, not an open-market purchase

Direct holdings after grant 64,852 shares Common stock held directly by William Wang

Indirect holdings via Pollos Investment L.P. 12,035,635 shares Common stock held by Pollos Investment L.P.

Key Terms

grant/award acquisition, pecuniary interest, beneficial ownership, Section 16 of the Securities Exchange Act of 1934

4 terms

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

pecuniary interest financial

"may be deemed to have pecuniary interest through his indirect entitlement"

beneficial ownership financial

"The Reporting Person disclaims beneficial ownership of the securities"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Section 16 of the Securities Exchange Act of 1934 regulatory

"for purposes of Section 16 of the Securities Exchange Act of 1934"

A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.

FAQ

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

What did Yum China (YUMC) director William Wang report in this Form 4?

William Wang reported receiving a grant of 7,632 shares of Yum China common stock. The award was priced at $0.00 per share, reflecting equity compensation rather than a market purchase, and increased his direct holdings to 64,852 shares.

Is the 7,632-share transaction for Yum China (YUMC) a buy or a grant?

The 7,632-share transaction is a grant or award acquisition, not an open-market purchase. It is coded as an “A” transaction, meaning the shares were issued as compensation at no cost rather than bought on the market.

How many Yum China (YUMC) shares does William Wang hold after this filing?

After the reported grant, William Wang directly holds 64,852 shares of Yum China common stock. The filing also lists 12,035,635 shares held indirectly through Pollos Investment L.P., for which he disclaims beneficial ownership except for any pecuniary interest.

What is Pollos Investment L.P. in relation to Yum China (YUMC) director William Wang?

Pollos Investment L.P. directly holds 12,035,635 Yum China shares. Its limited partnership interests are owned by a private fund where an affiliate of William Wang is special limited partner, giving him a possible pecuniary interest in related performance fees.

Does William Wang claim full beneficial ownership of the indirect Yum China (YUMC) shares?

No. William Wang disclaims beneficial ownership of securities held by Pollos Investment L.P., including derivative instruments, except to the extent of any pecuniary interest he may have via his interest in the parent of the special limited partner.

Were there any reported sales of Yum China (YUMC) shares by William Wang in this Form 4?

The structured data for this Form 4 shows no open-market sales by William Wang. It records one acquisition coded as a grant of 7,632 shares, plus an indirect holding entry tied to Pollos Investment L.P. with disclaimed beneficial ownership.

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

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Accepted by SEC EDGAR 06/03/2026 - 12:42 PM EDT 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^*

Yang William Wang

(Last) (First) (Middle)

48/F CHINA WORLD TOWER 3

NO 1 JIAN GUO MEN WAI AVENUE

(Street)

BEIJING 100040

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value	06/01/2026		A		7,632	A	$0	64,852	D
Common Stock, $0.01 par value								12,035,635	I	See Footnotes(1)(2)

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. The common stock is held directly by Pollos Investment L.P. ("Pollos Investment"). The limited partnership interests of Pollos Investment are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee.

2. The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment, including in the shares sold in the Transaction, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and inclusion in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

	/s/ Matthew J. Carter, Attorney-in-Fact	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)