Joey Wat - 14 Jan 2026 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: 14 Jan 2026
Net transactions value: -$265,801
Form type: 4
Filing time: 16 Jan 2026, 08:53:42 UTC
Previous filing: 29 Dec 2025
Next filing: 10 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wat Joey	Chief Executive Officer, Director	YUM CHINA BUILDING, 20 TIAN YAO QIAO ROAD, SHANGHAI, CHINA	/s/ Pingping Liu, Power of Attorney	16 Jan 2026	0001685864

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUMC	Common Stock	Award	$0	+62,181	+16%	$0.000000	444,838	14 Jan 2026	Direct	F1
transaction	YUMC	Common Stock	Tax liability	$265,801	-5,629	-1.3%	$47.22	439,209	14 Jan 2026	Direct
holding	YUMC	Common Stock						272,944	14 Jan 2026	Controlled Corporation and Trust

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

Explanation of Responses:

Id	Content
F1	Transaction represents the settlement of performance share units granted to this reporting person with a performance period from January 1, 2023 to December 31, 2025.