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

Role: Chief Executive Officer, Director
Signature: /s/ Pingping Liu, Power of Attorney
Issuer symbol: YUMC
Transactions as of: 10 Feb 2023
Net transactions value: -$162,223
Form type: 4
Filing time: 14 Feb 2023, 05:19:20 UTC
Previous filing: 13 Feb 2023
Next filing: 24 Feb 2023
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	+6,545	+2.6%	$0.000000	257,796	10 Feb 2023	Direct	F1
transaction	YUMC	Common Stock	Tax liability	$162,223	-2,652	-1%	$61.17	255,144	10 Feb 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	-6,545	-25%	$0.000000	19,635	10 Feb 2023	Common Stock	6,545		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.