GDS Holdings CFO gains 51,374 ADS in RSU vesting

GDS Holdings Ltd reports that Chief Financial Officer Daniel Antony Newman acquired 51,374 American Depositary Shares (ADS) on August 3, 2026 through settlement of fully vested Restricted Stock Unit awards after performance and time conditions were met.

Rhea-AI Filing Summary

GDS Holdings Ltd reports that Chief Financial Officer Daniel Antony Newman acquired 51,374 American Depositary Shares (ADS) on August 3, 2026 through settlement of fully vested Restricted Stock Unit awards after performance and time conditions were met. After this award, he directly holds 1,040,758 ADS and indirectly holds 200,000 ADS via Ofira Capital Limited, a company he beneficially owns. Each ADS represents eight Class A ordinary shares.

Insider Trade Summary

Other: 51,374 shares

Other 2 txns

Insider Newman Daniel Antony

Role Chief financial officer

Type	Security	Shares	Price	Value
Other	American Depositary Shares F1, F2	51,374	$0.00	$0.00
holding	American Depositary Shares F1, F3	--	--	--

Holdings After Transaction: American Depositary Shares — 1,040,758 shares (Direct); American Depositary Shares — 200,000 shares (Indirect, By Ofira Capital Limited)

Footnotes (3)

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.
3. F3. Ofira Capital Limited is a limited liability company established in the British Virgin Islands, of which Mr. Newman is the sole beneficial owner.

Key Figures

ADS acquired via RSU settlement: 51,374 ADS Direct ADS holdings after transaction: 1,040,758 ADS Indirect ADS holdings: 200,000 ADS +1 more

4 metrics

ADS acquired via RSU settlement 51,374 ADS Acquisition on August 3, 2026 upon settlement of fully vested RSUs

Direct ADS holdings after transaction 1,040,758 ADS Direct ownership position following the August 3, 2026 RSU settlement

Indirect ADS holdings 200,000 ADS Indirectly held through Ofira Capital Limited

ADS to ordinary share ratio 1 ADS = 8 Class A ordinary shares Each American Depositary Share represents eight Class A ordinary shares

Key Terms

American Depositary Shares, Class A ordinary shares, Restricted Stock Unit, beneficial owner, +1 more

5 terms

American Depositary Shares financial

"security title "American Depositary Shares" reported for the transactions"

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.

Class A ordinary shares financial

"Each ADS 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.

Restricted Stock Unit financial

"settlement of fully vested Restricted Stock Unit ("RSU") 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.

beneficial owner financial

"Ofira Capital Limited ... of which Mr. Newman is the sole beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

limited liability company financial

"Ofira Capital Limited is a limited liability company established"

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

FAQ

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

What insider transaction did GDS (GDS) CFO Daniel Antony Newman report?

Daniel Antony Newman acquired 51,374 ADS of GDS Holdings on August 3, 2026 through settlement of fully vested RSU awards after performance and time conditions were certified. The ADS were issued as equity compensation, with no cash paid per share in the transaction.

How many GDS (GDS) ADS does the CFO own after this RSU settlement?

Following the RSU settlement, Daniel Antony Newman directly owns 1,040,758 ADS of GDS Holdings and indirectly owns another 200,000 ADS through Ofira Capital Limited. These figures reflect his reported beneficial ownership immediately after the August 3, 2026 transaction.

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

Each GDS Holdings American Depositary Share, or ADS, represents eight (8) Class A ordinary shares. This means the 51,374 ADS acquired through RSU settlement correspond to a significantly larger number of underlying Class A ordinary shares in the company.

Was Newman's GDS (GDS) ADS acquisition under a Rule 10b5-1 trading plan?

No. The Form 4 for GDS shows the Rule 10b5-1 checkbox was not selected. As a result, the reported RSU-related acquisition is not affirmatively identified as having been executed under a pre-arranged Rule 10b5-1 trading plan.

What indirect GDS (GDS) holdings are reported through Ofira Capital Limited?

The filing states that 200,000 ADS of GDS Holdings are held indirectly through Ofira Capital Limited, a British Virgin Islands limited liability company of which Daniel Antony Newman is the sole beneficial owner. These ADS are reported as his indirect beneficial ownership.

What was the nature of the equity award behind the GDS (GDS) ADS acquisition?

The acquisition of 51,374 ADS reflects settlement of fully vested Restricted Stock Unit (RSU) awards. The RSUs vested after certification of performance conditions on August 3, 2026 and satisfaction of required time-based conditions, then settled in ADS delivered to the CFO.

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

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Available on EDGAR 08/03/2026 - 04:03 PM Accepted by SEC EDGAR 08/03/2026 - 04:02 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^*

Newman Daniel Antony

(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)
	Chief financial officer

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)		51,374	A	$0	1,040,758(2)	D
American Depositary Shares(1)								200,000	I	By Ofira Capital Limited(3)

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.

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	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)