2026-08-12: Kuai Jeff (General Manager, Pizza Hut) — EXERCISE-AND-SELL (option exercise; 30% of the shares sold came from stock already held) — $696.0K of YUMC (open-market, Form 4, code S) [exercise-and-sell: sold 14,586 sh, 10,274 of them (70%) exercised the same day at $26.98 vs a $47.72 avg sale — the $277.2K strike was settled in shares returned to the issuer (code D), not in cash, so $696.0K gross is $696.0K of cash; the held position FELL by 4,312 on the day after 13,116 returned to the issuer (code D) — that many of the shares sold came out of stock the filer already held] [CORRECTION 2026-08-29: round 8 verifier sweep — the row claimed "$277.2K cost to acquire, $418.8K net" — the filing settles the strike in shares returned to the issuer, so no cash was paid for them (cash from the sale is $696.0K, not $418.8K). Re-derived from the filing under the fixed parser and re-checked against it claim by claim. Original text in signal_events]
SEC Form 4 on EDGAR permalink 0001673358-26-000129