GDS Holdings CEO receives 53,334 ADS from RSU vesting

On August 3, 2026, GDS Holdings Ltd Chairman and CEO William Wei Huang acquired 53,334 American Depositary Shares (ADS) through settlement of fully vested RSU awards after certification of performance and time conditions.

Rhea-AI Filing Summary

On August 3, 2026, GDS Holdings Ltd Chairman and CEO William Wei Huang acquired 53,334 American Depositary Shares (ADS) through settlement of fully vested RSU awards after certification of performance and time conditions. Following this award he directly holds 254,222 ADS and indirectly 318,671 ADS via Solution Leisure Investment Limited; each ADS represents eight (8) Class A ordinary shares.

Insider Trade Summary

Other: 53,334 shares

Other 2 txns

Insider Huang William Wei

Role Chairman and CEO

Type	Security	Shares	Price	Value
Other	American Depositary Shares F1, F2	53,334	$0.00	$0.00
holding	American Depositary Shares F1	--	--	--

Holdings After Transaction: American Depositary Shares — 254,222 shares (Direct); American Depositary Shares — 318,671 shares (Indirect, By Solution Leisure Investment Limited)

Footnotes (2)

1. F1. Each American Depositary Share ("ADS") represents eight (8) Class A ordinary shares.
2. F2. Reflects the acquisition of ADSs upon settlement of fully vested Restricted Stock Unit ("RSU") awards after certification of performance conditions on August 3, 2026 and satisfaction of time conditions.

Key Figures

ADS acquired: 53,334 American Depositary Shares Direct ADS holdings after transaction: 254,222 American Depositary Shares Indirect ADS holdings: 318,671 American Depositary Shares +1 more

4 metrics

ADS acquired 53,334 American Depositary Shares Acquisition on August 3, 2026 via settlement of fully vested RSU awards

Direct ADS holdings after transaction 254,222 American Depositary Shares Direct holdings of William Wei Huang following August 3, 2026 award

Indirect ADS holdings 318,671 American Depositary Shares Held indirectly by Solution Leisure Investment Limited

ADS-to-share ratio 8 Class A ordinary shares per ADS Each American Depositary Share represents eight Class A ordinary shares

Key Terms

American Depositary Shares, Restricted Stock Unit, Class A ordinary shares, indirect ownership

4 terms

American Depositary Shares financial

"Security reported as American Depositary Shares, each representing Class A shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Restricted Stock Unit financial

"Acquisition reflects settlement of fully vested Restricted Stock Unit awards"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Class A ordinary shares financial

"Each ADS represents eight Class A ordinary shares of the company"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

indirect ownership financial

"318,671 ADS held indirectly by Solution Leisure Investment Limited"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did GDS (GDS) report for Chairman and CEO William Wei Huang?

William Wei Huang acquired 53,334 ADS of GDS Holdings Ltd on August 3, 2026. The ADS were delivered at no cash cost through settlement of fully vested RSU awards after performance and time conditions were certified as satisfied.

How many GDS (GDS) shares does William Wei Huang hold directly after this transaction?

After the August 3, 2026 award, William Wei Huang directly holds 254,222 ADS. These ADS resulted from cumulative holdings including the latest RSU settlement and represent a significant direct equity position in GDS Holdings Ltd.

What are William Wei Huang’s indirect holdings in GDS (GDS) after the RSU settlement?

In addition to his direct stake, William Wei Huang has 318,671 ADS held indirectly through Solution Leisure Investment Limited. This line is reported as an indirect ownership position, not as a new transaction on August 3, 2026.

How did William Wei Huang acquire the 53,334 ADS of GDS (GDS)?

The 53,334 ADS were acquired via settlement of fully vested Restricted Stock Unit awards. The settlement followed certification of performance conditions on August 3, 2026 and satisfaction of required time-based vesting conditions, rather than a market purchase.

What does each American Depositary Share of GDS (GDS) represent?

Each GDS American Depositary Share represents eight (8) Class A ordinary shares. This ADS structure allows the company’s Class A ordinary shares to trade more easily in international markets through the depositary share format.

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

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Available on EDGAR 08/03/2026 - 04:02 PM Accepted by SEC EDGAR 08/03/2026 - 04:01 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Huang William Wei

(Last) (First) (Middle)

C/O F4/F5, BLDG C, SUNLAND INTERNATIONAL

NO. 999 ZHOUHAI ROAD, PUDONG

(Street)

SHANGHAI 200137

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol
[9698]

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
American Depositary Shares(1)	08/03/2026		J(2)		53,334	A	$0	254,222(2)	D
American Depositary Shares(1)								318,671	I	By Solution Leisure Investment Limited

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	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. Reflects the acquisition of ADSs upon settlement of fully vested Restricted Stock Unit ("RSU") awards after certification of performance conditions on August 3, 2026 and satisfaction of time conditions.

	/s/ William Wei Huang	08/03/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)