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

Role: Chief Legal Officer
Signature: /s/ Pingping Liu
Issuer symbol: YUMC
Transactions as of: 29 Feb 2024
Net transactions value: $0
Form type: 3
Filing time: 07 Mar 2024, 21:52:06 UTC
Next filing: 28 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	YUMC	Common Stock						12,358	29 Feb 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							29 Feb 2024	Common Stock	7,452	$26.56	Direct	F1
holding	YUMC	Stock Appreciation Right							29 Feb 2024	Common Stock	4,628	$40.29	Direct	F1
holding	YUMC	Stock Appreciation Right							29 Feb 2024	Common Stock	7,081	$41.66	Direct	F1
holding	YUMC	Stock Appreciation Right							29 Feb 2024	Common Stock	4,292	$42.71	Direct	F1
holding	YUMC	Stock Appreciation Right							29 Feb 2024	Common Stock	3,466	$57.39	Direct	F2
holding	YUMC	Restricted Stock Unit							29 Feb 2024	Common Stock	519		Direct	F3, F4, F5
holding	YUMC	Stock Appreciation Right							29 Feb 2024	Common Stock	3,131	$50.16	Direct	F3
holding	YUMC	Restricted Stock Unit							29 Feb 2024	Common Stock	773		Direct	F4, F5, F6
holding	YUMC	Stock Appreciation Right							29 Feb 2024	Common Stock	2,570	$62.14	Direct	F6
holding	YUMC	Restricted Stock Unit							29 Feb 2024	Common Stock	3,784		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.