Ursula Burns discloses TSM (TSM) direct and trust ADS holdings

Rhea-AI Filing Summary

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD director Ursula M. Burns has filed an initial ownership report on Form 3. The filing shows she directly holds 2,000 American Depositary Shares (ADS) of TSM and also has indirect ownership of 617 ADS.

The indirect position is held by the Malcolm Bean Irrevocable Trust, where she serves as investment advisor and exercises investing authority over those shares. Each ADS represents five common shares of Taiwan Semiconductor, so the filing outlines her starting equity stake as she joins the company’s board.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BURNS URSULA M

Role Director

Type	Security	Shares	Price	Value
holding	American Depositary Shares (TSM)	--	--	--
holding	American Depositary Shares (TSM)	--	--	--

Holdings After Transaction: American Depositary Shares (TSM) — 2,000 shares (Direct); American Depositary Shares (TSM) — 617 shares (Indirect, See footnote)

Footnotes (2)

1. F1. Each American Depositary Share represents five (5) Common Shares.
2. F2. The shares reported are owned by the Malcolm Bean Irrevocable Trust, for which the reporting person serves as investment advisor and exercises investing authority over such shares.

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Accepted by SEC EDGAR 03/18/2026 - 06:06 AM Learn about SEC filing dates

FAQ

What does Ursula Burns' Form 3 filing for TSM report?

The Form 3 reports Ursula M. Burns’ initial ownership in Taiwan Semiconductor (TSM). It shows direct and indirect holdings of American Depositary Shares, establishing her starting equity position as a director at the time of this filing.

How many TSM American Depositary Shares does Ursula Burns hold directly?

Ursula M. Burns directly holds 2,000 American Depositary Shares of Taiwan Semiconductor. This direct position is reported as her personal ownership and forms the core of her disclosed stake in the company’s ADSs.

What indirect TSM holdings are disclosed for Ursula Burns on Form 3?

The filing shows 617 American Depositary Shares held indirectly for Ursula M. Burns. These shares are owned by the Malcolm Bean Irrevocable Trust, where she serves as investment advisor and exercises investing authority over the trust’s TSM holdings.

What is the relationship between TSM ADS and common shares in this filing?

The footnotes state that each American Depositary Share represents five common shares of Taiwan Semiconductor. This ratio links the ADSs reported for Ursula M. Burns to the underlying common equity of the company in the home market.

Who owns the trust-related TSM shares reported for Ursula Burns?

The indirect TSM shares are owned by the Malcolm Bean Irrevocable Trust. Ursula M. Burns is the investment advisor to this trust and exercises investing authority over its Taiwan Semiconductor ADS holdings, which are reported as part of her indirect ownership.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

BURNS URSULA M

(Last) (First) (Middle)

NO. 8, LI-HSIN ROAD 6

HSINCHU SCIENCE PARK

(Street)

HSINCHU 300096

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD [ TSM ]

3a. Foreign Trading Symbol
[2330.TW]

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares (TSM)(1)	2,000	D
American Depositary Shares (TSM)(1)	617	I	See footnote(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each American Depositary Share represents five (5) Common Shares.

2. The shares reported are owned by the Malcolm Bean Irrevocable Trust, for which the reporting person serves as investment advisor and exercises investing authority over such shares.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Jen-Chau Huang, as attorney-in-fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)