GDS Holdings (GDS) EVP Qian Yixin Receives 12,800 ADSs

What Happened
Qian Yixin, Executive Vice President — Operations at GDS Holdings Ltd, was reported to have acquired 12,800 American Depositary Shares (ADSs) on August 3, 2026. The filing shows the shares were acquired at $0.00, reflecting issuance on vesting of fully vested restricted stock unit (RSU) awards after performance certification and satisfaction of time conditions. Per the filing, each ADS represents eight (8) Class A ordinary shares (12,800 ADSs = 102,400 underlying ordinary shares).

Key Details

• Transaction date: August 3, 2026; Report filed: August 3, 2026 (no late filing indicated).
• Transaction type/code: Other acquisition/disposition (Code J) — issuance on RSU vesting.
• Shares involved: 12,800 ADSs acquired at $0.00 (no cash paid).
• ADS conversion: 1 ADS = 8 Class A ordinary shares (12,800 ADSs = 102,400 ordinary shares).
• Footnotes: RSUs fully vested after certification of performance conditions and satisfaction of time conditions (per filing).
• Shares owned after transaction: Not specified in the Form 4 filing.
• No sale or immediate disposition reported in this filing.

Context
This is an award/vesting event (compensation), not an open-market purchase or sale. Such filings reflect company compensation being realized by an insider and do not by themselves indicate buying or selling sentiment. There is no indication in the filing that any of the vested shares were sold immediately or that tax-withholding shares were withheld.