William Wang Yang - Nov 3, 2022 Form 4 Insider Report for Yum China Holdings, Inc. (YUMC)

Role
Director
Signature
/s/ Jonathan Gaines, Attorney-in-Fact
Stock symbol
YUMC
Transactions as of
Nov 3, 2022
Transactions value $
-$144,089,856
Form type
4
Date filed
11/7/2022, 11:06 AM
Previous filing
Jun 3, 2022
Next filing
May 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUMC Common Stock, $0.01 par value Sale -$144M -3.19M -19.51% $45.13 13.2M Nov 3, 2022 See Footnote F1, F2
holding YUMC Common Stock, $0.01 par value 34.8K Nov 3, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The common stock is held directly by Pollos Investment L.P. ("Pollos Investment"). The limited partnership interests of Pollos Investment are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee. At the request of an ultimate withdrawing limited partner who is not affiliated with the Reporting Person, Pollos Investment sold 3,193,127 shares of common stock of YUM China Holdings, Inc. (the "Transaction") and the proceeds of such sale, after costs and repayment of certain liabilities of Pollos investment, were distributed to such withdrawing limited partner.
F2 The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment, including in the shares sold in the Transaction, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and inclusion in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.