GDS Holdings (GDS) director reports 87,239 ADS beneficial holdings

Rhea-AI Filing Summary

GDS Holdings Ltd director Gary J. Wojtaszek filed an initial ownership report showing direct holdings of 87,239 American Depositary Shares (ADSs). Each ADS represents eight Class A ordinary shares, and the total includes ADSs received upon settlement of fully vested RSU awards that have met all time and performance conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wojtaszek Gary J

Role Director

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

Holdings After Transaction: American Depositary Shares — 87,239 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.

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Wojtaszek Gary J

(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)	87,239(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/ Gary J. Wojtaszek	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 Gary J. Wojtaszek’s Form 3 show for GDS?

Gary J. Wojtaszek’s Form 3 reports he directly holds 87,239 American Depositary Shares of GDS Holdings Ltd. The position reflects his beneficial ownership when becoming a reporting insider, including ADSs received from fully vested RSU awards that have already satisfied all conditions.

How many GDS Holdings (GDS) ADSs does the director own?

The filing states Gary J. Wojtaszek directly owns 87,239 American Depositary Shares of GDS Holdings Ltd. This figure represents his total direct ADS holdings following the reported entry, including shares originating from vested RSU awards that settled into ADSs.

What is the share ratio for GDS (GDS) American Depositary Shares?

Each GDS Holdings Ltd American Depositary Share represents eight Class A ordinary shares. This fixed ratio means ownership of ADSs provides exposure to multiple underlying ordinary shares, simplifying trading for investors who prefer U.S.-traded depositary receipts over the underlying local shares.

How are RSU awards reflected in GDS director’s Form 3?

The total 87,239 ADSs includes settlement of fully vested Restricted Stock Unit awards linked to GDS. These RSUs were subject to time and performance conditions that have been fully satisfied, with each RSU settling into one ADS and now counted in the reported total.

Is Gary J. Wojtaszek’s GDS ownership direct or indirect?

The Form 3 identifies Gary J. Wojtaszek’s 87,239 ADS position as directly owned. The ownership code is marked as direct, with no indication of intermediating entities such as trusts or partnerships holding voting or investment authority on his behalf in this disclosure.