GDS Holdings files Rule 144 notice for 10,000 ADS

GDS Holdings Limited reported a sale notice under Rule 144 for $2,350,200.00 representing 10,000 ordinary shares represented by ADS, with the transaction dated 05/26/2026.

Rhea-AI Filing Summary

GDS Holdings Limited reported a sale notice under Rule 144 for $2,350,200.00 representing 10,000 ordinary shares represented by ADS, with the transaction dated 05/26/2026. The shares were acquired on 11/10/2017 under the company’s incentive plan and listed as a same day sale through Georgeson Securities Corporation on NASDAQ.

Insights

Securities Compliance Counsel

Rule 144 notice documents a registered resale of ADS acquired under an incentive plan.

The filing lists 10,000 ordinary shares represented by ADS and an aggregate value of $2,350,200.00, dated 05/26/2026. It states the shares were acquired under the issuer's incentive plan on 11/10/2017

Timing and method show a same day sale; the filing does not state whether any volume or manner conditions applied beyond the broker and exchange listed.

Equity Markets Analyst

Insider-related disposition of 10,000 ADS was transacted through a broker on NASDAQ.

The entry records Georgeson Securities Corporation as the broker and labels the transaction a same day sale. The filing ties the shares to an acquisition on 11/10/2017 under the incentive plan, which explains the original grant basis.

Cash-flow treatment and whether proceeds were received by the reporting person or otherwise are not stated in the excerpt; market impact is not assessed here.

Key Figures

Shares sold: 10,000 shares Aggregate value: $2,350,200.00 Acquisition date: 11/10/2017 +2 more

5 metrics

Shares sold 10,000 shares ordinary shares represented by ADS

Aggregate value $2,350,200.00 aggregate dollar amount listed on 05/26/2026

Acquisition date 11/10/2017 acquired under GDS incentive plan

Transaction date 05/26/2026 same day sale reported

Broker Georgeson Securities Corporation listed as executing broker

Key Terms

Rule 144, ADS, same day sale

3 terms

Rule 144 regulatory

"sale notice under Rule 144 for 10,000 ordinary shares represented by ADS"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

ADS financial

"ordinary shares represented by ADS listed with aggregate value"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

same day sale market

"listed as a same day sale through Georgeson Securities Corporation"

FAQ

What did GDS (GDS) disclose in the Form 144 on 05/26/2026?

The filing discloses a Rule 144 sale notice for 10,000 ordinary shares represented by ADS valued at $2,350,200.00. It lists the broker as Georgeson Securities Corporation and the exchange as NASDAQ.

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

The ADS were acquired on 11/10/2017 under the issuer’s incentive plan. The Form 144 ties the disposition back to that acquisition date and the plan as the source of the shares.

What does the filing mean by 'same day sale' in this Form 144?

The entry labels the transaction a same day sale, indicating the shares were sold on the same date recorded (05/26/2026). The filing does not elaborate on execution details or settlement instructions.

Who is the broker named in the GDS Form 144 filing?

The broker listed is Georgeson Securities Corporation at the provided address. The filing associates this broker with the sale of the 10,000 ADS on 05/26/2026.

Does the Form 144 state who received the proceeds from the sale?

The excerpt does not specify the recipient of proceeds or whether the issuer received any proceeds. The filing lists the aggregate value $2,350,200.00 but provides no cash‑flow beneficiary details.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 07:16 AM Learn about SEC filing dates

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	0001973608
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	GDS Holdings Ltd
SEC File Number	001-37925
Address of Issuer	F4/F5, BUILDING C, SUNLAND INTERNATIONAL NO. 999 ZHOUHAI ROAD, PUDONG, SHANGHAI CHINA 200137
Phone	86-21-2029-2200
Name of Person for Whose Account the Securities are To Be Sold	Sun Qiang Chang
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	Director

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	10000	2350200.00	1554302551	05/26/2026	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	11/10/2017	ACQUIRED STOCK UNDER GDS INCENTIVE PLAN	GDS HOLDINGS LIMITED			10000	05/26/2026	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	3 D BASED ON CLOSING PRICE ON MAY 22 2026 OF 35.02. SECTION 3 C BASED AS ADS. SECTION 3 E NUMBER OF SHARES OR OTHER UNITS OUTSTANDING IS CLASS A ORDINARY SHARES. UNDER SECURITIES TO BE SOLD DATE ACQUIRED RANGE NOV 10 2017 TO FEB 1 2021
Date of Notice	05/26/2026
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	CONFORMED SIGNATURE ON FILE
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)