GDHLF Rule 144 Notice — 3,300 ADS Sale Scheduled 09/15/2025

Rhea-AI Filing Summary

Form 144 notice for GDS Holdings Ltd (GDHLF): An authorized holder reported a proposed sale of 3,300 American Depositary Shares (ADS) representing ordinary shares, with an aggregate market value of $126,093. The securities were originally acquired on 07/25/2018 under the GDS incentive plan and the filing lists a same-day sale scheduled for 09/15/2025. A prior sale of 3,300 ADS by the same account is recorded on 09/12/2025 that produced gross proceeds of $127,050.66. The filing states the seller represents there is no undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR: Small-block insider sale, immaterial relative to outstanding shares; routine disclosure under Rule 144.

The filing documents a sale of 3,300 ADS with an aggregate market value of $126,093 against a reported share base of 1,665,829,316 outstanding ADS-equivalents, indicating the transaction is de minimis in scale. The securities were acquired under an incentive plan in 2018 and are being sold under a same-day sale arrangement. For investors, the transaction is a routine Rule 144 disclosure rather than a signal of material corporate change.

Compliance / Corporate Governance Specialist

TL;DR: Filing meets Rule 144 disclosure requirements and includes seller's attestation; no red flags in form itself.

The notice includes required acquisition details, broker information, sale timing, and a seller representation of no undisclosed material adverse information. The presence of broker details and a same-day sale notation aligns with standard compliance practices. The form does not disclose any trading plan adoption date or other conditions that would suggest unusual execution timing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ORDINARY SHARES REPRESENTED BY ADS	GEORGESON SECURITIES CORPORATION 144 FERNWOOD AVE EDISON NJ 08837	3300	126093.00	1665829316	09/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ORDINARY SHARES REPRESENTED AS ADS	07/25/2018	ACQUIRED STOCK UNDER GDS INCENTIVE PLAN	GDS HOLDINGS LIMITED			3300	09/15/2025	SAME DAY SALE

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
LIM AH DOO UNIT 1 35F EAST TOWER CHEUNG KONG CENTER 10 HARCOURT RD CENTRAL K3 20037	ORDINARY SHARES REPRESENTED AS ADS	09/12/2025	3300	127050.66

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What securities were disclosed in the GDHLF Form 144?

The filing covers 3,300 ADS representing ordinary shares, acquired on 07/25/2018 under the company's incentive plan.

When was the GDHLF sale scheduled and what was its value?

The Form 144 lists an approximate sale date of 09/15/2025 with an aggregate market value of $126,093.

Who acted as broker for the GDHLF transaction?

The broker listed is Georgeson Securities Corporation at the Edison, NJ address provided on the form.

Was there a prior sale related to this holder in the past three months?

Yes, a sale of 3,300 ADS on 09/12/2025 is reported with gross proceeds of $127,050.66.

Does the filing state any undisclosed material information about GDS Holdings?

The signer represents by signing the notice that they do not know of any material adverse information not publicly disclosed.