GDS Holdings (GDS) director Yu Bin discloses 72,230 ADS ownership

Rhea-AI Filing Summary

GDS Holdings Ltd director Yu Bin has filed an initial ownership report showing his equity position in the company. The filing lists beneficial ownership of 72,230 American Depositary Shares, held directly. Each ADS represents eight Class A ordinary shares. The total includes ADSs received upon settlement of fully vested restricted stock unit awards that had both time and performance conditions, with each RSU delivering one ADS.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider YU BIN

Role Director

Type	Security	Shares	Price	Value
holding	American Depositary Shares	--	--	--

Holdings After Transaction: American Depositary Shares — 72,230 shares (Direct)

Footnotes (1)

1. Each American Depositary Share ("ADS") represents eight (8) Class A ordinary shares. Total number includes settlement of fully vested Restricted Stock Unit ("RSU") awards that were subject to time and performance conditions that have been fully satisfied and which settle into ADSs. Each RSU represents the right to receive one (1) ADS.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

YU BIN

(Last) (First) (Middle)

C/O F4/F5, BUILDING C, SUNLAND INTL

NO. 999 ZHOUHAI ROAD, PUDONG

(Street)

SHANGHAI F4 200137

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
GDS Holdings Ltd [ GDS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares(1)	72,230(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each American Depositary Share ("ADS") represents eight (8) Class A ordinary shares.

2. Total number includes settlement of fully vested Restricted Stock Unit ("RSU") awards that were subject to time and performance conditions that have been fully satisfied and which settle into ADSs. Each RSU represents the right to receive one (1) ADS.

	/s/ Bin Yu	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does GDS (GDS) director Yu Bin report owning in this Form 3?

Director Yu Bin reports beneficial ownership of 72,230 American Depositary Shares (ADSs) of GDS Holdings Ltd. These ADSs are held directly in his name and represent his initial disclosed equity position as a company director.

How many GDS Class A ordinary shares does each ADS represent?

Each GDS Holdings Ltd American Depositary Share represents eight Class A ordinary shares. This means the ADS structure bundles multiple underlying ordinary shares into one tradable ADS, simplifying trading for investors outside the issuer’s home market.

How were some of Yu Bin’s GDS ADS holdings obtained?

Part of the reported 72,230 ADS holdings reflects settlement of fully vested restricted stock unit (RSU) awards. These RSUs had time and performance conditions that were fully satisfied and each RSU settled into one ADS of GDS Holdings Ltd.

Are Yu Bin’s GDS holdings reported as direct or indirect ownership?

The Form 3 classifies Yu Bin’s 72,230 ADS position as direct ownership. Direct ownership means the securities are held in his own name, rather than through a trust, partnership, or other indirect holding structure.

What is the purpose of this GDS Form 3 filed by Yu Bin?

This Form 3 serves as Yu Bin’s initial statement of beneficial ownership as a director of GDS Holdings Ltd. It establishes his starting equity position in the company’s ADSs at the time he became subject to reporting requirements.