Johnson Huang - 26 May 2021 Form 4 Insider Report for Yum China Holdings, Inc. (YUMC)

Role: General Manager, KFC
Signature: /s/ Pingping Liu, Power of Attorney
Issuer symbol: YUMC
Transactions as of: 26 May 2021
Net transactions value: -$418,581
Form type: 4
Filing time: 28 May 2021, 07:18:51 UTC
Next filing: 22 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUMC	Common Stock	Options Exercise	$175,023	+8,994	+37%	$19.46	33,278	26 May 2021	Direct
transaction	YUMC	Common Stock	Sale	$418,572	-6,342	-19%	$66.00	26,936	26 May 2021	Direct
transaction	YUMC	Common Stock	Disposed to Issuer	$175,032	-2,652	-9.8%	$66.00	24,284	26 May 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	YUMC	Stock Appreciation Right	Options Exercise	$0	-8,994	-100%	$0.000000^*	0	26 May 2021	Common Stock	8,994	$19.46	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vested in full.