Yum China CFO logs RSU grant, share sale

Yum China Holdings Chief Financial Officer Adrian Ding reported equity compensation transactions.

Rhea-AI Filing Summary

Yum China Holdings Chief Financial Officer Adrian Ding reported equity compensation transactions. On February 6, 2026, he was granted 18,982 restricted stock units (RSUs), which convert into common stock on a one-for-one basis, vesting in one-third installments annually beginning one year after that date, with no expiration date for this grant.

On February 8, 2026, 3,023 RSUs were exercised and converted into an equal number of Yum China common shares at a stated price of $0. On the same date, he disposed of 1,361 common shares at $57.95 per share. Following these transactions, he directly beneficially owned 47,387 common shares and 3,116 RSUs as reflected in the respective table lines.

Insider Trade Summary

3,023 shares exercised/converted

Exercise 4 txns

Insider Ding Adrian

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	3,023	$0.00	$0.00
Exercise	Common Stock	3,023	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,361	$57.95	$79K
Grant/Award	Restricted Stock Unit	18,982	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 22,098 contracts (Direct); Common Stock — 47,387 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 2/6/2026.
3. F3. This grant does not have an expiration date.
4. F4. Vesting occurs 1/3 per year beginning one year from 2/8/2024.

FAQ

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What insider transactions did Yum China (YUMC) CFO Adrian Ding report on this Form 4?

Adrian Ding reported a grant of 18,982 restricted stock units on February 6, 2026, the conversion of 3,023 RSUs into common stock on February 8, 2026, and a same-day disposition of 1,361 common shares at $57.95 per share.

How many Yum China (YUMC) restricted stock units were granted to the CFO?

The CFO received 18,982 restricted stock units on February 6, 2026. These RSUs convert into common stock on a one-for-one basis, vesting in three equal annual installments starting one year after the grant date, and this award has no expiration date.

What are the vesting terms of Adrian Ding’s new Yum China (YUMC) RSU grant?

The 18,982 restricted stock units vest one-third per year, beginning one year from February 6, 2026. Each vested unit converts into one share of Yum China common stock, and the company states that this particular RSU grant does not have an expiration date.

What stock sale or disposition did the Yum China (YUMC) CFO report?

On February 8, 2026, the CFO reported disposing of 1,361 shares of Yum China common stock at a price of $57.95 per share. This transaction is coded “F,” indicating a share disposition as reflected in the Form 4 transaction table.

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

After the reported transactions, Adrian Ding directly beneficially owned 47,387 shares of Yum China common stock. In addition, a separate line in the derivative table shows 3,116 restricted stock units beneficially owned following the February 8, 2026 RSU conversion transaction.

What RSU conversion did Yum China (YUMC) disclose for its CFO on this Form 4?

The filing shows that 3,023 restricted stock units were exercised and converted into 3,023 shares of Yum China common stock on February 8, 2026. The exercise price is listed as $0, consistent with typical RSU settlement terms described in the company’s equity awards.

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

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Accepted by SEC EDGAR 02/10/2026 - 06:10 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
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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)
02/06/2026

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	02/08/2026		M		3,023	A	$0(1)	48,748	D
Common Stock	02/08/2026		F		1,361	D	$57.95	47,387	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)	02/06/2026		A		18,982		(2)	(3)	Common Stock	18,982	$0	18,982	D
Restricted Stock Unit	(1)	02/08/2026		M			3,023	(4)	(3)	Common Stock	3,023	$0	3,116	D

Explanation of Responses:

1. Conversion occurs on a one-for-one basis.

2. Vesting occurs 1/3 per year beginning one year from 2/6/2026.

3. This grant does not have an expiration date.

4. Vesting occurs 1/3 per year beginning one year from 2/8/2024.

	/s/ Pingping Liu, Power of Attorney	02/10/2026
	** 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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