Alice H. Wang - Feb 10, 2023 Form 4 Insider Report for Yum China Holdings, Inc. (YUMC)

Role: Chief Public Affairs Officer
Signature: /s/ Pingping Liu, Power of Attorney
Stock symbol: YUMC
Transactions as of: Feb 10, 2023
Transactions value $: -$12,479
Form type: 4
Date filed: 2/14/2023, 05:13 AM
Previous filing: Feb 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUMC	Common Stock	Options Exercise	$0	+452	+2.22%	$0.00	20.8K	Feb 10, 2023	Direct	F1
transaction	YUMC	Common Stock	Tax liability	-$12.5K	-204	-0.98%	$61.17	20.6K	Feb 10, 2023	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	-452	-24.96%	$0.00	1.36K	Feb 10, 2023	Common Stock	452		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 25% per year beginning one year from 2/10/2022.
F3	This grant does not have an expiration date.