Just noticed Yum China's CEO Joey Wat dumped over 100k shares back in mid-February for like $5.7M. Apparently his first time selling too, which is kind of interesting. He still holds a decent amount after the sale but yeah, timing-wise that was right before the stock had its run. The company's doing alright overall - massive footprint in China with KFC, Pizza Hut, all those brands. But I always find it wild how much YUMC underperforms compared to regular YUM stock. Like over five years YUM is up 62% while YUMC is down 8%. Guess that's the China exposure tax for you. Anyway, makes you wonder if he saw something or just needed liquidity. Either way, first insider sale is always worth paying attention to.