Yum China officer exercises RSUs, withholds shares

Yum China Holdings Chief Supply Chain Officer Duoduo (Howard) Huang reported equity award activity involving company stock.

Rhea-AI Filing Summary

Yum China Holdings Chief Supply Chain Officer Duoduo (Howard) Huang reported equity award activity involving company stock. On February 10, 2026, he exercised restricted stock units, converting 317 and 2,977 units into an equal number of common shares at an exercise price of $0 per share. On the same date, 1,483 common shares were disposed of at $57.12 per share to satisfy tax liabilities associated with these awards. Following these transactions, Huang directly owned 27,102 shares of Yum China common stock.

Insider Trade Summary

3,294 shares exercised/converted

Exercise 5 txns

Insider HUANG Duoduo (Howard)

Role Chief Supply Chain Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	317	$0.00	$0.00
Exercise	Restricted Stock Unit	2,977	$0.00	$0.00
Exercise	Common Stock	317	$0.00	$0.00
Exercise	Common Stock	2,977	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,483	$57.12	$85K

Holdings After Transaction: Restricted Stock Unit — 6,047 contracts (Direct); Common Stock — 27,102 shares (Direct)

Footnotes (4)

1. F1. Conversion occurs on a one-for-one basis.
2. F2. Vesting occurs 25% per year beginning one year from 2/10/2022.
3. F3. This grant does not have an expiration date.
4. F4. Vesting occurs 1/3 per year beginning one year from 2/10/2025.

FAQ

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

What insider transactions did YUMC's Duoduo (Howard) Huang report on February 10, 2026?

Duoduo (Howard) Huang reported exercising restricted stock units into common shares and a related tax share disposition. He converted 317 and 2,977 RSUs into Yum China common stock, then disposed of 1,483 shares at $57.12 each to cover tax obligations linked to these equity awards.

How many Yum China (YUMC) shares does Duoduo (Howard) Huang own after this Form 4?

After the reported transactions, Duoduo (Howard) Huang directly owns 27,102 Yum China common shares. This reflects RSU conversions into stock on February 10, 2026, offset by 1,483 shares delivered at $57.12 per share to satisfy associated tax liabilities on those equity awards.

What types of securities were involved in Duoduo (Howard) Huang’s YUMC Form 4 filing?

The filing covers both restricted stock units and common stock of Yum China. RSUs converted on a one-for-one basis into 317 and 2,977 common shares, and a separate line shows 1,483 common shares disposed of at $57.12 per share to pay tax obligations linked to those grants.

Was Duoduo (Howard) Huang’s YUMC Form 4 transaction a stock sale on the open market?

The Form 4 shows a tax-withholding disposition rather than a discretionary open-market sale. Code F indicates 1,483 common shares were delivered at $57.12 per share specifically to cover tax liabilities arising from the February 10, 2026 restricted stock unit conversions.

What do the vesting terms in Duoduo (Howard) Huang’s YUMC RSU awards indicate?

Footnotes state one RSU grant vests 25% per year starting one year from February 10, 2022, while another vests one-third per year from February 10, 2025. Both convert into Yum China common stock on a one-for-one basis without a stated expiration date for the grant.

What role does Duoduo (Howard) Huang hold at Yum China (YUMC) in this Form 4?

The Form 4 identifies Duoduo (Howard) Huang as Yum China’s Chief Supply Chain Officer. He is not listed as a director or 10% owner. The reported RSU exercises and related tax share disposition reflect equity compensation tied to his executive officer role at the company.

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

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Accepted by SEC EDGAR 02/12/2026 - 08:27 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^*

HUANG Duoduo (Howard)

(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 Supply Chain 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		317	A	$0(1)	25,608	D
Common Stock	02/10/2026		M		2,977	A	$0(1)	28,585	D
Common Stock	02/10/2026		F		1,483	D	$57.12	27,102	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			317	(2)	(3)	Common Stock	317	$0	0	D
Restricted Stock Unit	(1)	02/10/2026		M			2,977	(4)	(3)	Common Stock	2,977	$0	6,047	D

Explanation of Responses:

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

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

3. This grant does not have an expiration date.

4. Vesting occurs 1/3 per year beginning one year from 2/10/2025.

	/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.