Notice of Proposed Sale · 144

Yum! Brands, Inc.

YUMNYSEEQUITYCurrent

Notice of Proposed Sale

Filed Sep 1, 2026Accepted Sep 1, 2026, 4:14 PM EDTFiling CIK 1041061Accession 0001628280-26-059833

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Structured filing — 144

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Notice of proposed sale. The proposed amounts below do not establish that a sale occurred.

Proposed-sale notice

Issuer: YUM! Brands, Inc.
Issuer CIK: 0001041061
SEC file number: 001-13163
Phone: 502-874-8300
Person for whose account securities are to be sold: Aaron Powell
Relationships to issuer: Former Officer
Street: 1441 Gardiner Lane
City: Louisville
State / country code: KY
Postal code: 40213

Securities proposed for sale

Securities proposed for sale · 1 reported row
Security	Proposed units	Aggregate market value	Units outstanding	Approximate sale date	Exchange	Broker / market maker
Common	12,003	1,844,141	272,901,085	09/01/2026	NYSE	Merrill Lynch

Broker / market maker — proposed row 1, entry 1

Name: Merrill Lynch
Street: 8890 Lyra Drive 5th Floor
City: Columbus
State / country code: OH
Postal code: 43240

Acquisition of securities to be sold

Acquisition of securities to be sold · 6 reported rows
Security	Acquired	Nature of acquisition	Acquired from	Amount acquired	Gift transaction	Payment date	Nature of payment
Common	02/10/2025	Restricted Stock Vesting	YUM Brands Inc	1,851	N	02/10/2025	NA
Common	02/11/2025	Restricted Stock Vesting	YUM Brands Inc	797	N	02/11/2025	NA
Common	02/06/2026	Restricted Stock Vesting	YUM Brands Inc	6,179	N	02/06/2026	NA
Common	02/09/2026	Restricted Stock Vesting	YUM Brands Inc	754	N	02/09/2026	NA
Common	02/10/2026	Restricted Stock Vesting	YUM Brands Inc	1,753	N	02/10/2026	NA
Common	02/11/2026	Restricted Stock Vesting	YUM Brands Inc	669	N	02/11/2026	NA

Sales reported in the preceding three months

Sales reported in the preceding three months · 1 reported row
Seller	Security	Sale date	Amount sold	Gross proceeds
Aaron Powell	Common	07/01/2026	6,001	962,680.42

Seller — prior-sale row 1, entry 1

Name: Aaron Powell
Street: 1441 Gardiner Ln
City: Louisville
State / country code: KY
Postal code: 40213

Prior-sale reporting

Nothing to report for the preceding three months: N

Notice signature

Notice date: 09/01/2026
Signed: Aaron Powell
Plan adoption dates: 02/17/2026

Company context

Yum! Brands, Inc. and its subsidiaries franchise or operate more than 58,000 restaurants in 155 countries and territories under its iconic brands - KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. KFC, Taco Bell and Pizza Hut are global leaders in the chicken, Mexican-inspired food and pizza categories, respectively. Habit is a fast-casual concept known for fresh, cooked-to-order food. Fueled by Yum!’s Recipe for Good Growth, KFC, Taco Bell and Pizza Hut led Entrepreneur's 2026 Franchise 500 rankings and its Top Global Franchises 2025 list. In 2026, Yum!’s unrivaled culture and talent led it to be named one of TIME magazine’s list of Best Companies for Future Leaders for the third consecutive year.

Current securities

YUMNYSE · EQUITY · Current

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