Pingping LIU - Feb 29, 2024 Form 3 Insider Report for Yum China Holdings, Inc. (YUMC)

Role: Chief Legal Officer
Signature: /s/ Pingping Liu
Stock symbol: YUMC
Transactions as of: Feb 29, 2024
Transactions value $: $0
Form type: 3
Date filed: 3/7/2024, 09:52 PM
Next filing: Mar 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	YUMC	Common Stock						12.4K	Feb 29, 2024	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
holding	YUMC	Stock Appreciation Right							Feb 29, 2024	Common Stock	7.45K	$26.56	Direct	F1
holding	YUMC	Stock Appreciation Right							Feb 29, 2024	Common Stock	4.63K	$40.29	Direct	F1
holding	YUMC	Stock Appreciation Right							Feb 29, 2024	Common Stock	7.08K	$41.66	Direct	F1
holding	YUMC	Stock Appreciation Right							Feb 29, 2024	Common Stock	4.29K	$42.71	Direct	F1
holding	YUMC	Stock Appreciation Right							Feb 29, 2024	Common Stock	3.47K	$57.39	Direct	F2
holding	YUMC	Restricted Stock Unit							Feb 29, 2024	Common Stock	519		Direct	F3, F4, F5
holding	YUMC	Stock Appreciation Right							Feb 29, 2024	Common Stock	3.13K	$50.16	Direct	F3
holding	YUMC	Restricted Stock Unit							Feb 29, 2024	Common Stock	773		Direct	F4, F5, F6
holding	YUMC	Stock Appreciation Right							Feb 29, 2024	Common Stock	2.57K	$62.14	Direct	F6
holding	YUMC	Restricted Stock Unit							Feb 29, 2024	Common Stock	3.78K		Direct	F4, F5, F7

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

Explanation of Responses:

Id	Content
F1	Vested in full.
F2	Vesting occurs 25% per year beginning one year from 02/05/2021.
F3	Vesting occurs 25% per year beginning one year from 02/10/2022.
F4	This grant does not have an expiration date.
F5	Conversion occurs on a one-for-one basis.
F6	Vesting occurs 25% per year beginning one year from 02/09/2023.
F7	Vesting occurs 1/3 per year beginning one year from 02/08/2024.