GDS Holdings Ltd (GDS) CFO details direct and indirect ADS stake

Rhea-AI Filing Summary

GDS Holdings Ltd chief financial officer Daniel Antony Newman filed an initial ownership report showing his holdings of American Depositary Shares (ADSs). He reports 827,892 ADSs held directly and a further 200,000 ADSs held indirectly through Ofira Capital Limited, a British Virgin Islands company he beneficially owns. Each ADS represents eight Class A ordinary shares. The total includes settlement of fully vested restricted stock units that have met all time and performance conditions and settle into ADSs.

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^*

Newman Daniel Antony

(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)
03/17/2026

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

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

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

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)	827,892(2)	D
American Depositary Shares(1)	200,000	I	By Ofira Capital Limited(3)

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.

3. Ofira Capital Limited is a limited liability company established in the British Virgin Islands, of which Mr. Newman is the sole beneficial owner.

	/s/ Daniel Antony Newman	03/17/2026
	** 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.
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FAQ

What does the GDS (GDS) Form 3 filing by CFO Daniel Antony Newman show?

The Form 3 shows Daniel Antony Newman’s initial beneficial ownership in GDS Holdings Ltd. He reports 827,892 American Depositary Shares directly and 200,000 ADSs indirectly, establishing his equity stake as chief financial officer without indicating any recent purchase or sale activity.

How many GDS Holdings Ltd (GDS) ADSs does the CFO hold directly and indirectly?

Daniel Antony Newman reports direct ownership of 827,892 American Depositary Shares and indirect ownership of 200,000 ADSs. The indirect position is held through Ofira Capital Limited, giving a combined disclosed interest of 1,027,892 ADSs in GDS Holdings Ltd as of the Form 3 filing.

What is the share ratio for GDS (GDS) American Depositary Shares reported in the Form 3?

Each GDS Holdings Ltd American Depositary Share represents eight Class A ordinary shares. This means the CFO’s ADS holdings translate into an economic interest in a larger number of underlying ordinary shares based on this fixed eight-to-one ADS-to-share conversion ratio disclosed in the filing footnotes.

What is Ofira Capital Limited’s relationship to the GDS (GDS) CFO’s indirect holdings?

Ofira Capital Limited holds 200,000 GDS American Depositary Shares indirectly for CFO Daniel Antony Newman. It is a limited liability company established in the British Virgin Islands, and Newman is described as its sole beneficial owner, linking those ADSs economically to him.

How do restricted stock units factor into the GDS (GDS) CFO’s reported ADS holdings?

The reported ADS total includes settlement of fully vested restricted stock unit awards. These RSUs were subject to time and performance conditions that have been fully satisfied and each RSU settles into one ADS, increasing the number of ADSs reflected in the Form 3 ownership report.