GDS Holdings (NASDAQ: GDS) EVP receives 12,800 ADS through RSU settlement

Rhea-AI Filing Summary

GDS Holdings Ltd reports that Executive VP, operation, Qian Yixin acquired 12,800 American Depositary Shares on August 3, 2026 through settlement of fully vested Restricted Stock Unit awards after performance and time conditions were met. Each ADS represents eight Class A ordinary shares, bringing direct holdings to 79,665 ADS.

Insider Trade Summary

Net Buyer: 12,800 shares

Net Buy 1 txn

Insider Qian Yixin

Role Executive VP, operation

Type	Security	Shares	Price	Value
Other	American Depositary Shares F1, F2	12,800	$0.00	$0.00

Holdings After Transaction: American Depositary Shares — 79,665 shares (Direct)

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: 12800.0000 ADS ADS owned after transaction: 79665.0000 ADS ADS to ordinary share ratio: 8 Class A ordinary shares per ADS

3 metrics

ADS acquired 12800.0000 ADS Acquisition of ADSs upon RSU settlement on August 3, 2026

ADS owned after transaction 79665.0000 ADS Directly owned American Depositary Shares following the reported acquisition

ADS to ordinary 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

3 terms

American Depositary Shares financial

"Each American Depositary Share ("ADS") represents eight (8)"

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

"Reflects the acquisition of ADSs upon settlement of fully vested Restricted Stock Unit"

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

"represents eight (8) Class A ordinary shares"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 04:08 PM Accepted by SEC EDGAR 08/03/2026 - 04:07 PM Learn about SEC filing dates

FAQ

What insider transaction did GDS (GDS) report for Qian Yixin on August 3, 2026?

GDS reported that Executive VP, operation, Qian Yixin acquired 12,800 American Depositary Shares on August 3, 2026 through settlement of fully vested RSU awards after performance and time-based conditions were certified as satisfied.

How many GDS American Depositary Shares did Qian Yixin acquire in this Form 4?

Executive VP, operation, Qian Yixin acquired 12,800 American Depositary Shares (ADS). The ADSs were received at a stated price of $0.0000 per share in connection with the settlement of fully vested Restricted Stock Unit awards tied to performance and time conditions.

Were the GDS shares received by Qian Yixin an open-market purchase or RSU vesting?

The shares were acquired via settlement of fully vested Restricted Stock Unit (RSU) awards, not through an open-market purchase. The RSUs settled after certification of performance conditions on August 3, 2026 and satisfaction of required time conditions.

What is the ADS-to-ordinary-share ratio for GDS Holdings Ltd (GDS)?

Each GDS American Depositary Share represents eight (8) Class A ordinary shares. This ratio means the 12,800 ADS acquired correspond economically to 102,400 Class A ordinary shares, according to the stated ADS representation in the disclosure.

How many GDS ADS does Qian Yixin own after the reported transaction?

Following the RSU settlement, Qian Yixin directly owns 79,665 American Depositary Shares. This figure reflects total direct ADS holdings immediately after the August 3, 2026 acquisition of 12,800 ADS from fully vested Restricted Stock Unit awards.

Was the GDS insider transaction reported for Qian Yixin under a Rule 10b5-1 trading plan?

The disclosure indicates the Rule 10b5-1 trading plan checkbox is not marked as applicable. The reported acquisition reflects RSU settlement after performance and time conditions, rather than a trade identified as executed under a Rule 10b5-1 plan.

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^*

Qian Yixin

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP, operation

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)		12,800	A	$0	79,665(2)	D

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/ Yixin Qian	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)