Yum China Holdings, Inc. — Director's Dealing 2021

Feb 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Yum China Holdings, Inc. (YUMC)
CIK: 0001673358
Period of Report: 2021-02-05

Reporting Person: Yeung Andy (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-05	Stock Appreciation Right	$57.39	A	42998	Acquired	2031-02-05	Common Stock (42998)	Direct
2021-02-05	Restricted Stock Unit	$	A	27880	Acquired		Common Stock (27880)	Direct

Footnotes

F1: Vesting occurs 25% per year beginning one year from 2/5/2021.

F2: Conversion occurs on a one-for-one basis.

F3: Represents the special grant of restricted stock units that were awarded to select employees of the Company.

F4: Vesting occurs 100% on the third anniversary of the grant date.

F5: This grant does not have an expiration date.