Yum China is the largest restaurant operator in China, with over 18,000 locations and USD 12 billion in systemwide sales as of 2025. It generates revenue primarily from its own restaurants and franchise fees. While KFC and Pizza Hut are its flagship brands, Yum China's portfolio also includes Little Sheep, Taco Bell, Huang Ji Huang, and Lavazza.As a trademark licensee of Yum Brands, Yum China pays 3% of KFC and Pizza Hut's systemwide sales to its former parent, from which it spun off in 2016. However, even before the separation, Yum China was granted substantial autonomy, giving its Chinese leadership decision-making authority over menu, supply chain, and marketing—an unusual practice for Western chains at the time.
| Form 4 transaction type | Transactions | Shares | Total value |
|---|---|---|---|
| Open-market sale | 6 | 38,682 | $1.83M |
| Grant or award | 31 | 2,472 | |
| Option exercise | 10 | 85,650 | |
| Tax withholding / forfeiture | 1 | 594 | |
| Derivative transaction | 4 | 26,650 |
Dollar totals are shown for open-market purchases and sales only. Grants, option exercises, gifts and tax withholding are reported by share count because they are not trades at a market price.
111 Form 4 filings on record, the earliest from Nov 8, 2024, newest first. Filing history page 2 of 3.
| Date | Insider | Transaction | Security | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Warton Wang - Officer | Grant or award | Restricted Stock Unit | 35 | $0.00 | - | |
| Warton Wang - Officer | Grant or award | Restricted Stock Unit | 70 | $0.00 | - | |
| Warton Wang - Officer | Grant or award | Restricted Stock Unit | 117 | $0.00 | - | |
| Leila Zhang - Officer | Grant or award | Restricted Stock Unit | 39 | $0.00 | - | |
| Leila Zhang - Officer | Grant or award | Restricted Stock Unit | 28 | $0.00 | - | |
| Leila Zhang - Officer | Grant or award | Restricted Stock Unit | 17 | $0.00 | - | |
| Xueling Lu - Officer | Grant or award | Restricted Stock Unit | 8 | $0.00 | - | |
| Xueling Lu - Officer | Grant or award | Restricted Stock Unit | 14 | $0.00 | - | |
| Xueling Lu - Officer | Grant or award | Restricted Stock Unit | 21 | $0.00 | - | |
| Xueling Lu - Officer | Option exercise | Common Stock | 3,726 | $26.56 | $99K | |
| Xueling Lu - Officer | Derivative | Common Stock | 1,769 | $55.97 | $99K | |
| Xueling Lu - Officer | Open-market sale | Common Stock | 1,957 | $55.92 | $109K | |
| Xueling Lu - Officer | Open-market sale | Common Stock | 21,547 | $55.83 | $1.20M | |
| Xueling Lu - Officer | Option exercise | Stock Appreciation Right | 3,726 | $0.00 | - | |
| Open-market sale | Common Stock | 104,000 | $55.18 | $5.74M | ||
| Adrian Ding - Officer | Tax withholding / forfeiture | Common Stock | 1,681 | $57.12 | $96K | |
| Adrian Ding - Officer | Option exercise | Common Stock | 580 | $0.00 | - | |
| Adrian Ding - Officer | Option exercise | Common Stock | 3,153 | $0.00 | - | |
| Adrian Ding - Officer | Option exercise | Restricted Stock Unit | 580 | $0.00 | - | |
| Adrian Ding - Officer | Option exercise | Restricted Stock Unit | 3,153 | $0.00 | - | |
| Jeff Kuai - Officer | Option exercise | Common Stock | 792 | $0.00 | - | |
| Jeff Kuai - Officer | Option exercise | Common Stock | 4,204 | $0.00 | - | |
| Jeff Kuai - Officer | Tax withholding / forfeiture | Common Stock | 2,249 | $57.12 | $128K | |
| Jeff Kuai - Officer | Option exercise | Restricted Stock Unit | 792 | $0.00 | - | |
| Jeff Kuai - Officer | Option exercise | Restricted Stock Unit | 4,204 | $0.00 | - | |
| Tax withholding / forfeiture | Common Stock | 1,180 | $57.12 | $67K | ||
| Tax withholding / forfeiture | Common Stock | 3,189 | $57.12 | $182K | ||
| Open-market sale | Common Stock | 4,613 | $57.01 | $263K | ||
| Option exercise | Common Stock | 6,861 | $0.00 | - | ||
| Option exercise | Common Stock | 35,040 | $0.00 | - | ||
| Option exercise | Restricted Stock Unit | 6,861 | $0.00 | - | ||
| Option exercise | Restricted Stock Unit | 35,040 | $0.00 | - | ||
| Jerry Ding - Officer | Tax withholding / forfeiture | Common Stock | 903 | $57.12 | $52K | |
| Jerry Ding - Officer | Option exercise | Common Stock | 1,751 | $0.00 | - | |
| Jerry Ding - Officer | Option exercise | Common Stock | 359 | $0.00 | - | |
| Jerry Ding - Officer | Option exercise | Restricted Stock Unit | 1,751 | $0.00 | - | |
| Jerry Ding - Officer | Option exercise | Restricted Stock Unit | 359 | $0.00 | - | |
| Pingping Liu - Officer | Tax withholding / forfeiture | Common Stock | 823 | $57.12 | $47K | |
| Pingping Liu - Officer | Option exercise | Common Stock | 269 | $0.00 | - | |
| Pingping Liu - Officer | Option exercise | Common Stock | 1,751 | $0.00 | - | |
| Pingping Liu - Officer | Option exercise | Restricted Stock Unit | 269 | $0.00 | - | |
| Pingping Liu - Officer | Option exercise | Restricted Stock Unit | 1,751 | $0.00 | - | |
| Warton Wang - Officer | Tax withholding / forfeiture | Common Stock | 2,974 | $57.12 | $170K | |
| Warton Wang - Officer | Option exercise | Common Stock | 475 | $0.00 | - | |
| Warton Wang - Officer | Option exercise | Common Stock | 6,131 | $0.00 | - | |
| Warton Wang - Officer | Option exercise | Restricted Stock Unit | 475 | $0.00 | - | |
| Warton Wang - Officer | Option exercise | Restricted Stock Unit | 6,131 | $0.00 | - | |
| Leila Zhang - Officer | Tax withholding / forfeiture | Common Stock | 1,413 | $57.12 | $81K | |
| Leila Zhang - Officer | Option exercise | Common Stock | 686 | $0.00 | - | |
| Leila Zhang - Officer | Option exercise | Common Stock | 2,453 | $0.00 | - | |
| Leila Zhang - Officer | Option exercise | Restricted Stock Unit | 686 | $0.00 | - | |
| Leila Zhang - Officer | Option exercise | Restricted Stock Unit | 2,453 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Option exercise | Common Stock | 317 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Tax withholding / forfeiture | Common Stock | 1,483 | $57.12 | $85K | |
| Duoduo (Howard) Huang - Officer | Option exercise | Common Stock | 2,977 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Option exercise | Restricted Stock Unit | 317 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Option exercise | Restricted Stock Unit | 2,977 | $0.00 | - | |
| Xueling Lu - Officer | Tax withholding / forfeiture | Common Stock | 695 | $57.12 | $40K | |
| Xueling Lu - Officer | Option exercise | Common Stock | 317 | $0.00 | - | |
| Xueling Lu - Officer | Option exercise | Common Stock | 1,226 | $0.00 | - | |
| Xueling Lu - Officer | Option exercise | Restricted Stock Unit | 317 | $0.00 | - | |
| Xueling Lu - Officer | Option exercise | Restricted Stock Unit | 1,226 | $0.00 | - | |
| Leila Zhang - Officer | Tax withholding / forfeiture | Common Stock | 1,664 | $57.50 | $96K | |
| Leila Zhang - Officer | Option exercise | Common Stock | 2,009 | $0.00 | - | |
| Leila Zhang - Officer | Option exercise | Common Stock | 1,687 | $0.00 | - | |
| Leila Zhang - Officer | Option exercise | Restricted Stock Unit | 2,009 | $0.00 | - | |
| Leila Zhang - Officer | Option exercise | Restricted Stock Unit | 1,687 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Tax withholding / forfeiture | Common Stock | 1,914 | $57.50 | $110K | |
| Duoduo (Howard) Huang - Officer | Option exercise | Common Stock | 1,722 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Option exercise | Common Stock | 2,530 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Option exercise | Restricted Stock Unit | 1,722 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Option exercise | Restricted Stock Unit | 2,530 | $0.00 | - | |
| Jerry Ding - Officer | Tax withholding / forfeiture | Common Stock | 135 | $57.50 | $8K | |
| Jerry Ding - Officer | Option exercise | Common Stock | 401 | $0.00 | - | |
| Jerry Ding - Officer | Option exercise | Restricted Stock Unit | 401 | $0.00 | - | |
| Adrian Ding - Officer | Tax withholding / forfeiture | Common Stock | 2,423 | $57.50 | $139K | |
| Adrian Ding - Officer | Option exercise | Common Stock | 2,009 | $0.00 | - | |
| Adrian Ding - Officer | Option exercise | Common Stock | 3,373 | $0.00 | - | |
| Adrian Ding - Officer | Option exercise | Restricted Stock Unit | 2,009 | $0.00 | - | |
| Adrian Ding - Officer | Option exercise | Restricted Stock Unit | 3,373 | $0.00 | - | |
| Pingping Liu - Officer | Tax withholding / forfeiture | Common Stock | 81 | $57.50 | $5K | |
| Pingping Liu - Officer | Option exercise | Common Stock | 267 | $0.00 | - | |
| Pingping Liu - Officer | Option exercise | Restricted Stock Unit | 267 | $0.00 | - | |
| Tax withholding / forfeiture | Common Stock | 2,727 | $57.50 | $157K | ||
| Option exercise | Common Stock | 28,678 | $0.00 | - | ||
| Option exercise | Restricted Stock Unit | 28,678 | $0.00 | - | ||
| Xueling Lu - Officer | Tax withholding / forfeiture | Common Stock | 990 | $57.50 | $57K | |
| Xueling Lu - Officer | Option exercise | Common Stock | 933 | $0.00 | - | |
| Xueling Lu - Officer | Option exercise | Common Stock | 1,264 | $0.00 | - | |
| Xueling Lu - Officer | Option exercise | Restricted Stock Unit | 933 | $0.00 | - | |
| Xueling Lu - Officer | Option exercise | Restricted Stock Unit | 1,264 | $0.00 | - | |
| Jeff Kuai - Officer | Tax withholding / forfeiture | Common Stock | 1,671 | $57.50 | $96K | |
| Jeff Kuai - Officer | Option exercise | Common Stock | 2,868 | $0.00 | - | |
| Jeff Kuai - Officer | Option exercise | Common Stock | 844 | $0.00 | - | |
| Jeff Kuai - Officer | Option exercise | Restricted Stock Unit | 2,868 | $0.00 | - | |
| Jeff Kuai - Officer | Option exercise | Restricted Stock Unit | 844 | $0.00 | - | |
| Warton Wang - Officer | Tax withholding / forfeiture | Common Stock | 1,679 | $57.50 | $97K | |
| Warton Wang - Officer | Option exercise | Common Stock | 3,729 | $0.00 | - | |
| Warton Wang - Officer | Option exercise | Restricted Stock Unit | 3,729 | $0.00 | - | |
| Zhe David Wei - Director | Grant or award | Common Stock | 86 | $0.00 | - | |
| Pingping Liu - Officer | Tax withholding / forfeiture | Common Stock | 258 | $57.95 | $15K | |
| Pingping Liu - Officer | Option exercise | Common Stock | 1,296 | $0.00 | - | |
| Pingping Liu - Officer | Option exercise | Restricted Stock Unit | 1,296 | $0.00 | - | |
| Pingping Liu - Officer | Grant or award | Restricted Stock Unit | 6,903 | $0.00 | - | |
| Warton Wang - Officer | Tax withholding / forfeiture | Common Stock | 2,722 | $57.95 | $158K | |
| Warton Wang - Officer | Option exercise | Common Stock | 6,047 | $0.00 | - | |
| Warton Wang - Officer | Grant or award | Restricted Stock Unit | 20,708 | $0.00 | - | |
| Warton Wang - Officer | Option exercise | Restricted Stock Unit | 6,047 | $0.00 | - | |
| Jerry Ding - Officer | Tax withholding / forfeiture | Common Stock | 323 | $57.95 | $19K | |
| Jerry Ding - Officer | Option exercise | Common Stock | 1,512 | $0.00 | - | |
| Jerry Ding - Officer | Option exercise | Restricted Stock Unit | 1,512 | $0.00 | - | |
| Jerry Ding - Officer | Grant or award | Restricted Stock Unit | 6,903 | $0.00 | - | |
| Jeff Kuai - Officer | Tax withholding / forfeiture | Common Stock | 2,042 | $57.95 | $118K | |
| Jeff Kuai - Officer | Option exercise | Common Stock | 4,536 | $0.00 | - | |
| Jeff Kuai - Officer | Option exercise | Restricted Stock Unit | 4,536 | $0.00 | - | |
| Jeff Kuai - Officer | Grant or award | Restricted Stock Unit | 11,648 | $0.00 | - | |
| Tax withholding / forfeiture | Common Stock | 3,971 | $57.95 | $230K | ||
| Option exercise | Common Stock | 43,198 | $0.00 | - | ||
| Grant or award | Restricted Stock Unit | 86,282 | $0.00 | - | ||
| Option exercise | Restricted Stock Unit | 43,198 | $0.00 | - | ||
| Duoduo (Howard) Huang - Officer | Tax withholding / forfeiture | Common Stock | 1,361 | $57.95 | $79K | |
| Duoduo (Howard) Huang - Officer | Option exercise | Common Stock | 3,023 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Grant or award | Restricted Stock Unit | 10,786 | $0.00 | - | |
| Duoduo (Howard) Huang - Officer | Option exercise | Restricted Stock Unit | 3,023 | $0.00 | - |
A Form 144 is notice of an INTENDED sale, not a completed one. It often precedes the Form 4 that reports the trade actually happening.
| Filed | Filer | Relationship | Shares | Market value | Notice |
|---|---|---|---|---|---|
| Duoduo Huang | Officer | 24,096 | $1.13M | View on EDGAR | |
| Jun Kuai | Officer | 14,586 | $696K | View on EDGAR |
Yum China Holdings, Inc. (YUMC) had 12 insider filings in the last 90 days, with the most recent on 2026-09-03. The full record for YUMC runs to 111 Form 4 filings, the earliest from 2024-11-08. InsiderAlpha tracks every Form 4, Form 144, and 8-K filing in real time.
No insider purchases of YUMC were filed in the last 90 days.
6 insider sales of YUMC were filed in the last 90 days, totaling $1.83M.
This page tracks YUMC Form 4 insider transactions, Form 144 sale notices, and 8-K material event disclosures in one timeline. Annual 10-K and quarterly 10-Q reports live on the company's SEC EDGAR page.
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Every Form 4 below links to the original document on SEC EDGAR, so the numbers on this page can be checked against the filing they came from.
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