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

Role: General Manager, Pizza Hut
Signature: /s/ Pingping Liu, Power of Attorney
Issuer symbol: YUMC
Transactions as of: 10 Feb 2023
Net transactions value: -$20,798
Form type: 4
Filing time: 14 Feb 2023, 05:20:48 UTC
Previous filing: 13 Feb 2023
Next filing: 30 Mar 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	+754	+4.2%	$0.000000	18,689	10 Feb 2023	Direct	F1
transaction	YUMC	Common Stock	Tax liability	$20,798	-340	-1.8%	$61.17	18,349	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	-754	-25%	$0.000000	2,266	10 Feb 2023	Common Stock	754		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.