Joey Wat - 22 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: 22 Feb 2023
Net transactions value: -$745,409
Form type: 4
Filing time: 24 Feb 2023, 07:10:41 UTC
Previous filing: 14 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	$419,147	+18,779	+7.4%	$22.32	273,923	22 Feb 2023	Direct
transaction	YUMC	Common Stock	Sale	$745,374	-12,018	-4.4%	$62.02	261,905	22 Feb 2023	Direct	F1
transaction	YUMC	Common Stock	Disposed to Issuer	$419,182	-6,761	-2.6%	$62.00	255,144	22 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	Stock Appreciation Right	Options Exercise	$0	-18,779	-69%	$0.000000	8,284	22 Feb 2023	Common Stock	18,779	$22.32	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $62.00 to $62.07. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F2	Vested in full.