Ye Judy Qing 4

What Happened

• Ye Judy Qing, a director of GDS Holdings Ltd (GDS), acquired 1,140 American Depositary Shares (ADSs) on 2026-05-15. The transaction is reported as an "other acquisition" (code J) with a reported price of $0.00, reflecting the settlement of fully vested Restricted Stock Units (RSUs).
• Each ADS represents eight (8) Class A ordinary shares, so the ADSs are equivalent to 9,120 Class A ordinary shares. This was an award settlement (no open-market purchase or sale).

Key Details

• Transaction date: 2026-05-15; reported filing date: 2026-05-15 (timely filing).
• Amount acquired: 1,140 ADSs; Price: $0.00 (award/settlement of RSUs).
• ADS-to-ordinary-share ratio: 1 ADS = 8 Class A ordinary shares (1,140 ADSs = 9,120 shares).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 confirms ADS ratio; F2 states acquisition reflects settlement of fully vested RSU awards.
• No tax-withholding, sale, or 10b5-1 plan noted in the filing.

Context

• This was an RSU settlement (an award), not a cash purchase or sale; $0.00 price indicates the shares were delivered upon vesting.
• Award receipts like this reflect compensation/vesting and are not direct indicators of secondary market buying or selling by the insider.