Yum China (YUMC) CEO Joey Wat sells 104,000 shares at $55.18

Rhea-AI Filing Summary

Yum China Holdings, Inc. reported an open-market sale of common stock by its Chief Executive Officer and director Joey Wat. On February 13, 2026, Wat sold 104,000 shares of Yum China common stock in an open-market transaction at a weighted average price of $55.18 per share, executed in multiple trades between $55.01 and $55.29. Following this sale, Wat directly beneficially owned 433,306 shares of common stock and indirectly beneficially owned an additional 272,944 shares through a controlled corporation and trust.

Insider Trade Summary

Net Seller: 104,000 shares ($5,738,720)

Net Sell 2 txns

Insider Wat Joey

Role Chief Executive Officer

Sold 104,000 shs ($5.74M)

Type	Security	Shares	Price	Value
Sale	Common Stock	104,000	$55.18	$5.74M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 433,306 shares (Direct); Common Stock — 272,944 shares (Indirect, Controlled Corporation and Trust)

Footnotes (1)

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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^*

Wat Joey

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		S		104,000	D	$55.18(1)	433,306	D
Common Stock								272,944	I	Controlled Corporation and Trust

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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $55.01 to $55.29. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

	/s/ Pingping Liu, Power of Attorney	02/17/2026
	** 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 transaction did Yum China (YUMC) report for its CEO?

Yum China reported that CEO and director Joey Wat sold 104,000 shares of common stock in an open-market transaction on February 13, 2026, as disclosed in a Form 4 insider trading report filed with U.S. securities regulators.

At what price did the Yum China (YUMC) CEO sell shares on February 13, 2026?

The CEO’s sale used a weighted average price of $55.18 per Yum China share. The transaction was executed in multiple trades within a price range from $55.01 to $55.29, according to the Form 4 disclosure’s explanatory footnote.

How many Yum China (YUMC) shares does the CEO hold after the reported sale?

After the February 13, 2026 transaction, CEO Joey Wat beneficially owned 433,306 Yum China common shares directly and 272,944 shares indirectly. The indirect holdings are through a controlled corporation and trust, as detailed in the ownership table of the Form 4.

What is the transaction code used in the Yum China (YUMC) Form 4 filing?

The Form 4 lists the transaction code “S,” which denotes a sale in an open market or private transaction. This code classifies the 104,000-share disposition by CEO Joey Wat as a selling transaction in Yum China common stock.

Does the Yum China (YUMC) CEO have indirect ownership in company shares?

Yes. In addition to directly owned shares, CEO Joey Wat has indirect beneficial ownership of 272,944 Yum China common shares. These are held through a controlled corporation and trust, as indicated under indirect ownership in the Form 4 filing.

What does the Form 4 footnote explain about the Yum China (YUMC) CEO’s sale price?

The footnote explains that the CEO’s sale occurred in multiple trades between $55.01 and $55.29 per share. The reported $55.18 figure represents the weighted average price, and full trade details are available upon request to the issuer or SEC staff.