Jonathan Allen King reports 16,667 ADSs in GDS Holdings (GDS)

Rhea-AI Filing Summary

GDS Holdings Ltd disclosed the initial holdings of executive committee member Jonathan Allen King in a Form 3. He reports direct ownership of 16,667 American Depositary Shares (ADSs) following this filing. Each ADS represents eight Class A ordinary shares, according to the footnotes.

The total ADS amount includes settlement of fully vested restricted stock unit awards that were subject to time and performance conditions and now settle into ADSs, with each RSU delivering one ADS.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KING JONATHAN ALLEN

Role Insider

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

Holdings After Transaction: American Depositary Shares — 16,667 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^*

KING JONATHAN ALLEN

(Last) (First) (Middle)

C/O F4/F5, BLDG 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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Member, executive committee

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)	16,667(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/ Jonathan Allen King	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 the GDS (GDS) Form 3 filing report for Jonathan Allen King?

The Form 3 reports Jonathan Allen King’s initial beneficial ownership in GDS Holdings. He directly holds 16,667 American Depositary Shares (ADSs), establishing his baseline equity position as a member of the company’s executive committee.

How many shares does Jonathan Allen King hold in GDS (GDS) according to this filing?

Jonathan Allen King holds 16,667 American Depositary Shares (ADSs) of GDS Holdings. This figure represents his total direct ownership reported in the Form 3 and includes ADSs received from settled restricted stock unit awards.

What is the ADS to ordinary share ratio for GDS (GDS) in this Form 3?

Each GDS Holdings American Depositary Share represents eight Class A ordinary shares. This ratio, disclosed in the footnotes, links the ADSs traded in international markets to the underlying ordinary share capital of the company.

How are restricted stock units treated in the GDS (GDS) Form 3 for Jonathan Allen King?

The total of 16,667 ADSs includes settlement of fully vested restricted stock unit awards. These RSUs had time and performance conditions that have been fully satisfied and now settle into ADSs, with each RSU delivering one ADS.

Does the GDS (GDS) Form 3 indicate whether Jonathan Allen King’s holdings are direct or indirect?

The Form 3 shows Jonathan Allen King’s holdings as direct ownership. The transaction record is coded as direct (D), and there is no separate entity or indirect ownership structure described in the provided data.