Joey Wat - Feb 10, 2023 Form 4 Insider Report for Yum China Holdings, Inc. (YUMC)

Role: Chief Executive Officer, Director
Signature: /s/ Pingping Liu, Power of Attorney
Stock symbol: YUMC
Transactions as of: Feb 10, 2023
Transactions value $: -$162,223
Form type: 4
Date filed: 2/14/2023, 05:19 AM
Previous filing: Feb 13, 2023
Next filing: Feb 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUMC	Common Stock	Options Exercise	$0	+6.55K	+2.6%	$0.00	258K	Feb 10, 2023	Direct	F1
transaction	YUMC	Common Stock	Tax liability	-$162K	-2.65K	-1.03%	$61.17	255K	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	-6.55K	-25%	$0.00	19.6K	Feb 10, 2023	Common Stock	6.55K		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.