Qian Yixin 4

What Happened
Yixin Qian, Executive Vice President of Operations at GDS Holdings Ltd (GDS), acquired 52,660 American Depositary Shares (ADSs) on April 30, 2026 at $0.00 per ADS — a settlement of fully vested restricted stock units (RSUs). The reported acquisition shows no cash exchanged (total reported value $0), reflecting an award settlement rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-30; filing date with the SEC: 2026-05-04.
• Transaction type: Award/settlement of RSUs (reported as "Other acquisition or disposition (J)").
• Shares acquired: 52,660 ADSs at $0.00 each (total reported value $0).
• ADS conversion: Each ADS represents 8 Class A ordinary shares, so 52,660 ADSs = 421,280 underlying Class A shares (per filing footnote).
• Footnotes: F2 notes these ADSs were settled after certification of performance conditions on April 23, 2026 and satisfaction of time conditions; F1 clarifies ADS-to-ordinary share ratio.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing date is shown as May 4, 2026; check the full filing for any late-report indicator.

Context
This was a routine RSU settlement (award), not a market purchase or sale. The $0.00 price indicates shares were issued upon vesting/settlement rather than bought; such awards typically reflect compensation or performance-based pay and are not a direct signal of the insider buying or selling stock in the open market.