GDS (GDS) EVP Liang Yan Receives 11,166 ADSs

What Happened
Liang Yan, Executive Vice President, Data Center Operation and Delivery at GDS Holdings Ltd, was reported to have acquired 11,166 American Depositary Shares (ADSs) on August 3, 2026. The filing reports a $0 acquisition price, reflecting settlement of fully vested restricted stock units (RSUs) after certification of performance and satisfaction of time conditions, and settlement of option awards. Each ADS represents eight (8) Class A ordinary shares, so the ADSs correspond to 89,328 underlying ordinary shares.

Key Details

• Transaction date: 2026-08-03; Transaction code: J (other acquisition/disposition).
• Reported price: $0.00 per ADS (award/settlement), total reported value $0.
• Shares acquired: 11,166 ADSs = 89,328 underlying Class A ordinary shares.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Footnotes: F1 — 1 ADS = 8 Class A ordinary shares. F2 — ADSs issued on settlement of fully vested RSUs (post-performance certification) and option awards.
• Filing timeliness: Report filed on 2026-08-03 (same date as transaction), indicating timely reporting.

Context: This was an issuance/settlement of compensation awards (vested RSUs and option settlement), not an open-market purchase or sale. Such filings commonly reflect employee compensation and do not by themselves indicate a buy/sell market intent.