STOCK TITAN

Director Fred Hu receives 13,050-share stock grant in Yum China (YUMC)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Yum China Holdings director Fred Hu reported a stock grant of 13,050 common shares. These shares were acquired as a grant or award at a price of $0.00 per share, bringing his directly held common stock to 95,455 shares.

The filing also reports 12,035,635 shares of common stock held indirectly following the transaction through Pollos Investment L.P. An affiliate of Hu is a special limited partner of a fund that owns partnership interests in Pollos Investment, and Hu may have a pecuniary interest through an indirect share of any performance fee. He expressly disclaims beneficial ownership of these indirectly held securities except to the extent of any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Hu Fred
Role null
Type Security Shares Price Value
Grant/Award Common Stock, $0.01 par value 13,050 $0.00 --
holding Common Stock, $0.01 par value -- -- --
Holdings After Transaction: Common Stock, $0.01 par value — 95,455 shares (Direct, null); Common Stock, $0.01 par value — 12,035,635 shares (Indirect, See Footnotes)
Footnotes (1)
  1. The common stock is held directly by Pollos Investment L.P. ("Pollos Investment"). The limited partnership interests of Pollos Investment are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee. The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment, including in the shares sold in the Transaction, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and inclusion in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
Stock grant size 13,050 shares Common stock grant or award at $0.00 per share
Direct holdings after grant 95,455 shares Common stock directly held following the reported grant
Indirect holdings after transaction 12,035,635 shares Common stock held indirectly via Pollos Investment L.P.
Grant price per share $0.00 per share Reported transaction price for the 13,050-share grant
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Pollos Investment L.P. financial
"The common stock is held directly by Pollos Investment L.P."
pecuniary interest financial
"may be deemed to have pecuniary interest through his indirect entitlement"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
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SEC Form 4
FORM 4UNITED 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*
Hu Fred

(Last)(First)(Middle)
15 QUEEN'S ROAD CENTRAL
41ST FLOOR

(Street)
HONG KONG00000

(City)(State)(Zip)

HONG KONG

(Country)
2. Issuer Name and Ticker or Trading Symbol
Yum China Holdings, Inc. [ YUMC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock, $0.01 par value06/01/2026A13,050A$095,455D
Common Stock, $0.01 par value12,035,635ISee Footnotes(1)(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The common stock is held directly by Pollos Investment L.P. ("Pollos Investment"). The limited partnership interests of Pollos Investment are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee.
2. The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment, including in the shares sold in the Transaction, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and inclusion in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
/s/ Matthew J. Carter, Attorney-in-Fact06/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Yum China (YUMC) director Fred Hu report?

Fred Hu reported receiving a grant of 13,050 Yum China common shares. The shares were acquired as a grant or award at $0.00 per share, increasing his directly held position to 95,455 common shares after the transaction.

How many Yum China (YUMC) shares does Fred Hu hold directly after this Form 4?

Fred Hu directly holds 95,455 Yum China common shares after the grant. This reflects the addition of 13,050 shares received as a stock grant or award, reported at a per-share transaction price of $0.00.

What is the size of the stock grant reported by Yum China (YUMC) director Fred Hu?

The filing shows a stock grant of 13,050 Yum China common shares. These shares were acquired as a grant, coded as a “Grant, award, or other acquisition,” with a reported transaction price of $0.00 per share.

Does Fred Hu have indirect holdings of Yum China (YUMC) shares?

The Form 4 reports 12,035,635 Yum China shares held indirectly. They are held by Pollos Investment L.P., tied to a fund where an affiliate may receive performance fees. Hu disclaims beneficial ownership except for any pecuniary interest.

What does the Form 4 say about Fred Hu’s beneficial ownership of Yum China (YUMC) indirect shares?

Hu disclaims beneficial ownership of shares held by Pollos Investment L.P. He may be deemed to have a pecuniary interest only through an indirect right to a share of any fund performance fee, and the filing states this explicitly.