Yum China Holdings, Inc. (YUMC) HR chief exercises RSUs, withholds shares

Rhea-AI Filing Summary

Yum China Holdings, Inc. Chief People Officer Jerry Ding reported several share transactions on February 10, 2026. He acquired 1,751 shares of common stock and another 359 shares through one-for-one conversion of restricted stock units at an exercise price of $0.

To cover tax withholding, 903 shares of common stock were disposed of at $57.12 per share. After these transactions, he directly owned 3,577 shares of common stock and 3,557 restricted stock units, which vest in annual installments under previously granted awards.

Insider Trade Summary

2,110 shares exercised/converted

Mixed 5 txns

Insider DING Jerry

Role Chief People Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	1,751	$0.00	--
Exercise	Restricted Stock Unit	359	$0.00	--
Exercise	Common Stock	1,751	$0.00	--
Tax Withholding	Common Stock	903	$57.12	$52K
Exercise	Common Stock	359	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 3,557 shares (Direct); Common Stock — 4,121 shares (Direct)

Footnotes (1)

1. Conversion occurs on a one-for-one basis. Vesting occurs 1/3 per year beginning one year from 2/10/2025. This grant does not have an expiration date. Vesting occurs 25% per year beginning one year from 2/10/2022.

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^*

DING Jerry

(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 People Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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	02/10/2026		M		1,751	A	$0(1)	4,121	D
Common Stock	02/10/2026		F		903	D	$57.12	3,218	D
Common Stock	02/10/2026		M		359	A	$0(1)	3,577	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)	02/10/2026		M			1,751	(2)	(3)	Common Stock	1,751	$0	3,557	D
Restricted Stock Unit	(1)	02/10/2026		M			359	(4)	(3)	Common Stock	359	$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 2/10/2025.

3. This grant does not have an expiration date.

4. Vesting occurs 25% per year beginning one year from 2/10/2022.

	/s/ Pingping Liu, Power of Attorney	02/12/2026
	** 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 activity did YUMC Chief People Officer Jerry Ding report?

Jerry Ding reported RSU-based share transactions on February 10, 2026. He converted restricted stock units into common stock and had a portion of shares withheld to satisfy tax obligations, reflecting routine equity compensation activity rather than an open-market purchase or sale.

How many Yum China (YUMC) shares did Jerry Ding acquire and dispose of?

On February 10, 2026, Jerry Ding acquired 1,751 and 359 Yum China common shares via RSU conversion, then disposed of 903 shares to cover tax withholding. These movements were part of equity award mechanics, not discretionary open-market trading activity in the stock.

What is Jerry Ding’s YUMC share ownership after the reported Form 4 transactions?

Following the February 10, 2026 transactions, Jerry Ding directly owned 3,577 shares of Yum China common stock. He also held 3,557 restricted stock units, which represent additional potential shares subject to time-based vesting conditions over future years under prior grants.

At what price were Yum China (YUMC) shares used for Jerry Ding’s tax withholding?

For tax withholding related to RSU conversion, 903 Yum China common shares were disposed of at a price of $57.12 per share. This reflects shares withheld to satisfy tax liabilities, rather than a traditional open-market sale initiated for investment reasons.

How do Jerry Ding’s YUMC restricted stock units vest over time?

The filing notes differing vesting schedules for his RSU awards. One grant vests one-third per year beginning one year from February 10, 2025, while another vests 25% per year beginning one year from February 10, 2022, with conversion occurring one-for-one into common shares.