Yum China CFO reports stock award and disposition

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

Rhea-AI Filing Summary

Yum China Holdings, Inc. Chief Financial Officer Adrian Ding reported equity award activity in company stock. On January 14, 2026, he acquired 4,353 shares of common stock at a price of $0 per share upon settlement of performance share units covering the period from January 1, 2023 to December 31, 2025. On the same day, a separate transaction disposed of 1,410 shares of common stock at $47.22 per share. Following these transactions, Ding directly beneficially owned 45,725 shares of Yum China common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ding Adrian

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,353	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,410	$47.22	$67K

Holdings After Transaction: Common Stock — 45,725 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

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

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

Yum China reported that Chief Financial Officer Adrian Ding had two transactions in the company’s common stock on January 14, 2026: an acquisition of shares from a performance share unit settlement and a separate disposition of shares.

How many Yum China (YUMC) shares did the CFO acquire in the latest filing?

The filing shows that Adrian Ding acquired 4,353 shares of Yum China common stock at a price of $0 per share, reflecting the settlement of previously granted performance share units for the period from January 1, 2023 to December 31, 2025.

Did the Yum China (YUMC) CFO dispose of any shares in this Form 4?

Yes. On January 14, 2026, a transaction coded “F” disposed of 1,410 shares of Yum China common stock at a price of $47.22 per share.

How many Yum China (YUMC) shares does the CFO own after these transactions?

After the reported transactions, Adrian Ding beneficially owned 45,725 shares of Yum China common stock in direct ownership.

What is the nature of the Yum China (YUMC) CFO’s share award in this filing?

The filing explains that the acquisition of 4,353 shares represents the settlement of performance share units granted to the reporting person, with a performance period running from January 1, 2023 to December 31, 2025.

Is the Yum China (YUMC) CFO’s ownership reported as direct or indirect?

The Form 4 indicates that the reported transactions and resulting 45,725 shares are held in direct ownership by Adrian Ding.

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Accepted by SEC EDGAR 01/16/2026 - 08:51 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)
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	47,135	D
Common Stock	01/14/2026		F		1,410	D	$47.22	45,725	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.
* 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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