[144] GDS Holdings Limited ADS SEC Filing

Rhea-AI Filing Summary

GDS Holdings Limited Form 144 notice reports a proposed sale of 9,682 ADS representing ordinary shares, with an aggregate market value of $321,539.20. The filing lists 1,665,829,316 shares outstanding and an approximate sale date of 08/26/2025 on NASDAQ through Georgeson Securities Corporation. The securities were acquired on 08/26/2025 under the GDS incentive plan and the filing indicates a same-day sale and payment. The filer reports no securities sold in the past three months and makes the required representation that they are not aware of any material nonpublic information regarding the issuer.

Positive

• Complete transaction details disclosed: class, broker, number of ADS, market value, outstanding shares, and exchange are provided
• Acquisition and sale identified: the filing states acquisition under the GDS incentive plan and specifies same-day sale and payment
• No sales in past three months: filer reports "Nothing to Report" for prior three-month sales, simplifying recent transaction history

Negative

• Immediate same-day sale is indicated, which may limit information about longer-term insider intentions
• No 10b5-1 plan date provided: the filing does not indicate whether a trading plan exists or its adoption date

Insights

Securities Analyst

TL;DR: Form 144 discloses a small, immediate sale of ADS acquired under an incentive plan; no prior three-month sales reported.

The notice details a proposed disposition of 9,682 ADS valued at $321,539.20, to be executed on or about 08/26/2025 via Georgeson Securities on NASDAQ. Acquisition and proposed sale occur the same day under the company's incentive plan, which is consistent with routine insider or participant dispositions when plan rules permit immediate sale. The filing shows no sales in the prior three months, satisfying the required disclosure of recent transactions. For investors, this filing is a standard insider/participant liquidity event and contains no additional financial performance data.

Corporate Governance Expert

TL;DR: The filing is a routine Rule 144 notice for incentive-plan shares with required attestations; it contains no governance red flags on its face.

The filer represents they are unaware of material nonpublic information and provides broker and transaction specifics, complying with Rule 144 notice requirements. The same-day acquisition and sale are disclosed transparently, and the absence of other sales in the prior three months is explicitly stated. The document does not include any commentary on trading plans, 10b5-1 adoption dates, or other governance actions, so no further governance implications can be drawn from this filing alone.

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

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	9682	321539.20	1665829316	08/26/2025	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	08/26/2025	ACQUIRED STOCK UNDER GDS INCENTIVE PLAN	GDS HOLDINGS LIMITED			9682	08/26/2025	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

Nothing to Report

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 does the GDS Form 144 filed for symbol GDS disclose?

The filing discloses a proposed sale of 9,682 ADS valued at $321,539.20, with an approximate sale date of 08/26/2025 on NASDAQ via Georgeson Securities.

When were the ADS to be sold acquired according to the filing?

The ADS were acquired on 08/26/2025 under the GDS incentive plan, with a same-day sale and payment indicated.

Does the filing report any securities sold by the filer in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

How many shares outstanding does the Form 144 show for GDS?

The filing lists 1,665,829,316 shares outstanding.

Which broker and exchange are named in the Form 144?

Georgeson Securities Corporation is named as the broker and the sale is to occur on NASDAQ.