Ye Judy Qing 4

What Happened

• Director Ye Judy Qing sold 37,394 shares of GDS Holdings Ltd on June 2, 2026, at $36.21 per share, yielding proceeds of approximately $1,354,104. The Form 4 reporting the transaction was filed on June 3, 2026. This was a sale (code S), which is often routine liquidity rather than a clear signal about company fundamentals.

Key Details

• Transaction date and price: 2026-06-02 at $36.21 per share.
• Total proceeds: ~$1,354,104.
• Transaction type: Sale (open market or private sale as reported).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: F1 — Each American Depositary Share (ADS) represents eight (8) Class A ordinary shares. If the reported units were ADS, 37,394 ADS would equal 299,152 underlying Class A shares.
• Timeliness: Form 4 filed 2026-06-03 for a 2026-06-02 transaction — within the typical two-business-day reporting window (not indicated as late).

Context

• Insider sales are common for liquidity, diversification, or tax reasons and do not by themselves indicate management’s view of the company. For retail investors, purchases are generally viewed as a stronger signal than isolated sales.