Yum China CPO reports RSU grant and share conversion

Yum China Holdings Chief People Officer Jerry Ding reported several equity transactions.

Rhea-AI Filing Summary

Yum China Holdings Chief People Officer Jerry Ding reported several equity transactions. On 02/06/2026, he received a grant of 6,903 restricted stock units at no cost, which vest in thirds each year beginning one year from that date and have no expiration.

On 02/08/2026, 1,512 restricted stock units converted into 1,512 shares of common stock on a one-for-one basis at a stated price of $0. That same day, 323 common shares were disposed of at $57.95, leaving him with 2,104 directly held common shares after the transactions.

Insider Trade Summary

1,512 shares exercised/converted

Exercise 4 txns

Insider DING Jerry

Role Chief People Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	1,512	$0.00	$0.00
Exercise	Common Stock	1,512	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	323	$57.95	$19K
Grant/Award	Restricted Stock Unit	6,903	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 8,459 contracts (Direct); Common Stock — 2,104 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 2/8/2024.
3. F3. This grant does not have an expiration date.
4. F4. Vesting occurs 1/3 per year beginning one year from 2/6/2026.

FAQ

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

What did Yum China (YUMC) CPO Jerry Ding report in this Form 4?

Jerry Ding reported a new grant of restricted stock units and related share activity. He received 6,903 RSUs, had 1,512 RSUs convert into common stock, and disposed of 323 common shares, ending with 2,104 directly held common shares after the transactions.

How many restricted stock units did YUMC grant to Jerry Ding on February 6, 2026?

On February 6, 2026, Yum China granted Jerry Ding 6,903 restricted stock units at a conversion price of $0. These RSUs represent the right to receive the same number of common shares, subject to vesting conditions and timing described in the accompanying footnotes.

What vesting schedule applies to Jerry Ding’s new 6,903 RSU award at Yum China (YUMC)?

The 6,903 restricted stock units granted on 02/06/2026 vest one-third per year, beginning one year from February 6, 2026. This means the award vests in three annual installments, subject to continued service and any other conditions specified by the company.

What happened to the 1,512 restricted stock units reported by Yum China’s CPO on February 8, 2026?

On February 8, 2026, 1,512 restricted stock units held by Jerry Ding converted into 1,512 shares of Yum China common stock at a stated price of $0 per share, reflecting a one-for-one conversion ratio according to the filing footnotes.

Why does the Yum China (YUMC) Form 4 show a disposal of 323 common shares at $57.95?

The Form 4 shows that on February 8, 2026, 323 common shares of Yum China were disposed of at $57.95 per share under transaction code “F.” This code indicates a disposition related to equity administration, such as satisfying obligations connected to the equity award.

How many Yum China common shares does Jerry Ding hold directly after these transactions?

After the reported transactions, Jerry Ding directly holds 2,104 shares of Yum China common stock. This figure reflects the 1,512 shares received from RSU conversion on February 8, 2026, offset by the disposal of 323 common shares reported the same day.

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

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Accepted by SEC EDGAR 02/10/2026 - 06:17 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 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)
02/06/2026

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		1,512	A	$0(1)	2,427	D
Common Stock	02/08/2026		F		323	D	$57.95	2,104	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)	02/08/2026		M			1,512	(2)	(3)	Common Stock	1,512	$0	1,556	D
Restricted Stock Unit	(1)	02/06/2026		A		6,903		(4)	(3)	Common Stock	6,903	$0	6,903	D

Explanation of Responses:

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

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

3. This grant does not have an expiration date.

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

	/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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