Yum China CTO reports RSU grant, share disposal

Yum China Holdings, Inc. Chief Technology Officer Leila Zhang reported multiple equity-related transactions.

Rhea-AI Filing Summary

Yum China Holdings, Inc. Chief Technology Officer Leila Zhang reported multiple equity-related transactions. On 02/06/2026, she received an award of 6,903 restricted stock units (RSUs), which convert to common stock on a one-for-one basis and vest in thirds beginning one year from that date.

On 02/08/2026, 3,023 RSUs were converted into an equal number of common shares at a stated price of $0, and 1,361 common shares were disposed of at $57.95 per share. After these transactions, she beneficially owned 56,680 shares of common stock and 3,114 RSUs, all held directly.

Insider Trade Summary

3,023 shares exercised/converted

Exercise 4 txns

Insider Zhang Leila

Role Chief Technology 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	6,903	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 10,017 contracts (Direct); Common Stock — 56,680 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

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

What insider transactions did Yum China (YUMC) CTO Leila Zhang report?

Leila Zhang reported receiving 6,903 restricted stock units on February 6, 2026 and several related transactions on February 8, 2026, including RSU conversion into common stock and a disposal of 1,361 common shares at $57.95 per share.

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

The Chief Technology Officer received a grant of 6,903 restricted stock units on February 6, 2026. These units convert into Yum China common stock on a one-for-one basis and vest in three equal annual installments starting one year from the grant date.

What share disposal did Yum China (YUMC) CTO report on February 8, 2026?

On February 8, 2026, the CTO reported disposing of 1,361 shares of Yum China common stock at $57.95 per share. This transaction followed the conversion of 3,023 restricted stock units into an equal number of common shares at a stated price of $0.

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

Following the reported transactions, the Chief Technology Officer beneficially owned 56,680 shares of Yum China common stock directly. She also held 3,114 restricted stock units, reflecting remaining unconverted equity awards after the February 8, 2026 RSU conversion.

What are the vesting terms of the Yum China (YUMC) CTO’s RSU awards?

The 6,903 restricted stock units granted on February 6, 2026 vest in three equal annual installments, beginning one year from that date. A separate RSU grant referenced in the filing vests one-third per year starting one year from February 8, 2024.

How do the Yum China (YUMC) CTO’s RSUs convert into common stock?

According to the filing, each restricted stock unit converts into one share of Yum China common stock on a one-for-one basis. One RSU equals one common share upon conversion when vesting and other applicable conditions are satisfied.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/10/2026 - 06:09 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^*

Zhang Leila

(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 Technology 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)	58,041	D
Common Stock	02/08/2026		F		1,361	D	$57.95	56,680	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		6,903		(2)	(3)	Common Stock	6,903	$0	6,903	D
Restricted Stock Unit	(1)	02/08/2026		M			3,023	(4)	(3)	Common Stock	3,023	$0	3,114	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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