Xueling Lu - 07 Feb 2022 Form 4 Insider Report for Yum China Holdings, Inc. (YUMC)

Role: Controller and PAO
Signature: /s/ Pingping Liu, Power of Attorney
Issuer symbol: YUMC
Transactions as of: 07 Feb 2022
Net transactions value: -$33,309
Form type: 4
Filing time: 09 Feb 2022, 05:03:18 UTC
Previous filing: 20 Dec 2021
Next filing: 11 Feb 2022
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	$0	+2,901	+165%	$0.000000	4,663	07 Feb 2022	Direct
transaction	YUMC	Common Stock	Tax liability	$33,309	-723	-16%	$46.07	3,940	07 Feb 2022	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	Restricted Stock Unit	Options Exercise	$0	-2,901	-100%	$0.000000^*	0	07 Feb 2022	Common Stock	2,901		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Conversion occurs on a one-for-one basis.
F2	Vesting occurs 100% on the third anniversary of the grant date.
F3	This grant does not have an expiration date.