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
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	$160K	+7.53K	+66.45%	$21.30	18.9K	24 Nov 2023	Direct
transaction	YUMC	Common Stock	Sale	-$80.6K	-1.79K	-9.49%	$45.02	17.1K	24 Nov 2023	Direct
transaction	YUMC	Common Stock	Disposed to Issuer	-$161K	-3.57K	-20.88%	$45.01	13.5K	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	-7.53K	-100%	$0.00^*	0	24 Nov 2023	Common Stock	7.53K	$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.