Leila Zhang - 24 Nov 2023 Form 4 Insider Report for Yum China Holdings, Inc. (YUMC)

Role: Chief Technology Officer
Signature: /s/ Pingping Liu, Power of Attorney
Issuer symbol: YUMC
Transactions as of: 24 Nov 2023
Net transactions value: -$80,617
Form type: 4
Filing time: 28 Nov 2023, 06:41:47 UTC
Previous filing: 20 Sep 2023
Next filing: 21 Dec 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	$160,474	+7,534	+66%	$21.30	18,871	24 Nov 2023	Direct
transaction	YUMC	Common Stock	Sale	$80,586	-1,790	-9.5%	$45.02	17,081	24 Nov 2023	Direct
transaction	YUMC	Common Stock	Disposed to Issuer	$160,506	-3,566	-21%	$45.01	13,515	24 Nov 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	-7,534	-100%	$0.000000^*	0	24 Nov 2023	Common Stock	7,534	$21.30	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Vested in full.