STOCK TITAN

Taiwan Semi exec Zhang buys 61 shares at $76.20

TSM’s SVP and Deputy Co-COO reported a small ESPP-related purchase and detailed his direct and trust-held share positions.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (TSM) executive Kevin Xiaoqiang Zhang, SVP and Deputy Co-COO, reported an indirect purchase of 61 Common Shares (2330.TW)$76.20 per shareESPP Trust for his benefit. After this transaction he indirectly holds 7,347 Common Shares via the ESPP trust, in addition to 349,976 Common Shares held directly, 2,500 American Depositary Shares (TSM) held directly, and 20,190 Common Shares held indirectly through a trust under the Long-Term Incentive (LTI) Bonus Plan, over which he has obtained investment control. No Rule 10b5-1 trading plan is reported.

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Insider Zhang Kevin Xiaoqiang
Role SVP and Deputy Co-COO
Bought 61 shs ($5K)
Type Security Shares Price Value
Purchase Common Shares (2330.TW) F2, F3, F4 61 $76.20 $5K
holding Common Shares (2330.TW) -- -- --
holding American Depositary Shares (TSM) F1 -- -- --
holding Common Shares (2330.TW) F5 -- -- --
Holdings After Transaction: Common Shares (2330.TW) — 7,347 shares (Indirect, By ESPP Trust); Common Shares (2330.TW) — 349,976 shares (Direct); American Depositary Shares (TSM) — 2,500 shares (Direct); Common Shares (2330.TW) — 20,190 shares (Indirect, By LTI Trust)
Footnotes (5)
  1. F1. Each American Depositary Share represents five (5) Common Shares.
  2. F2. Common Shares purchased by the administrator of the issuer's Employee Stock Purchase Plan ("ESPP") on behalf of the filer pursuant to terms predetermined by the issuer.
  3. F3. The price was translated from the average purchase price of NT$2,404.3453 in New Taiwan dollars, at the rate of NT$31.552 to US$1.
  4. F4. Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP").
  5. F5. Represents Common Shares purchased by a trust with cash received under the issuer's Long-Term Incentive ("LTI") Bonus Plan, over which the filer has obtained investment control.
Common Shares purchased 61 shares Indirect ESPP-related purchase on September 7, 2026
Purchase price per Common Share $76.20 per share ESPP purchase translated from NT$2,404.3453 at NT$31.552 to US$1
Indirect ESPP Trust holdings after transaction 7,347 Common Shares Common Shares held under the issuer’s Employee Stock Purchase Plan
Direct Common Share holdings 349,976 Common Shares Directly held by Kevin Xiaoqiang Zhang after the reported transactions
American Depositary Shares held 2,500 ADSs Directly held; each ADS represents five Common Shares
Indirect LTI Trust holdings 20,190 Common Shares Held by a trust funded by the Long-Term Incentive (LTI) Bonus Plan
ADS-to-Common Share ratio 1 ADS : 5 Common Shares Each American Depositary Share represents five Common Shares
Employee Stock Purchase Plan financial
"Common Shares purchased by the administrator of the issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
American Depositary Share financial
"Each American Depositary Share represents five (5) Common Shares"
An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.
Long-Term Incentive ("LTI") Bonus Plan financial
"cash received under the issuer's Long-Term Incentive ("LTI") Bonus Plan"
ESPP Trust financial
"Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP")"

FAQ

What did TSM executive Kevin Xiaoqiang Zhang buy in this Form 4 filing for TSM?

He reported an indirect purchase of 61 Common Shares (2330.TW)$76.20 per share, acquired through the administrator of Taiwan Semiconductor Manufacturing Co Ltd’s Employee Stock Purchase Plan and held by an ESPP Trust for his benefit.

How many TSM common shares does Kevin Xiaoqiang Zhang hold after this transaction?

After the reported purchase, he holds 7,347 Common Shares indirectly via the ESPP trust, 349,976 Common Shares directly, and 20,190 Common Shares indirectly through a trust under the Long-Term Incentive (LTI) Bonus Plan, as disclosed in the filing.

How many TSM American Depositary Shares does Kevin Xiaoqiang Zhang own?

He holds 2,500 American Depositary Shares (ADSs) of TSM directly. A footnote states that each ADS represents five Common Shares, linking the ADS position to the underlying common equity of Taiwan Semiconductor Manufacturing Co Ltd.

Were Kevin Xiaoqiang Zhang’s TSM share purchases made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, and the footnotes describe purchases via the Employee Stock Purchase Plan and an LTI Bonus Plan trust, but do not state that they were made under a Rule 10b5-1 trading plan.

How were the TSM ESPP purchase prices determined in this Form 4?

The per-share price of $76.20 was translated from an average purchase price of NT$2,404.3453 in New Taiwan dollars at an exchange rate of NT$31.552 to US$1, according to the footnote describing the ESPP purchase price.

What indirect TSM holdings does Kevin Xiaoqiang Zhang report besides the ESPP trust shares?

He reports 20,190 Common Shares held indirectly by a trust that purchased shares using cash from the Long-Term Incentive (LTI) Bonus Plan, over which he has obtained investment control, in addition to the 7,347 Common Shares held via the ESPP trust.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Zhang Kevin Xiaoqiang

(Last)(First)(Middle)
NO. 8, LI-HSIN ROAD 6
HSINCHU SCIENCE PARK

(Street)
HSINCHUTAIWAN300096

(City)(State)(Zip)

TAIWAN

(Country)
2. Issuer Name and Ticker or Trading Symbol
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD [ TSM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP and Deputy Co-COO
2a. Foreign Trading Symbol
[2330.TW]
3. Date of Earliest Transaction (Month/Day/Year)
09/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Shares (2330.TW)349,976D
American Depositary Shares (TSM)(1)2,500D
Common Shares (2330.TW)09/07/2026(2)P61A$76.2(3)7,347(4)IBy ESPP Trust
Common Shares (2330.TW)20,190(5)IBy LTI Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Each American Depositary Share represents five (5) Common Shares.
2. Common Shares purchased by the administrator of the issuer's Employee Stock Purchase Plan ("ESPP") on behalf of the filer pursuant to terms predetermined by the issuer.
3. The price was translated from the average purchase price of NT$2,404.3453 in New Taiwan dollars, at the rate of NT$31.552 to US$1.
4. Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP").
5. Represents Common Shares purchased by a trust with cash received under the issuer's Long-Term Incentive ("LTI") Bonus Plan, over which the filer has obtained investment control.
Remarks:
/s/ Jen-Chau Huang, as attorney-in-fact09/09/2026
** Signature of Reporting PersonDate
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 4 (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 4: SEC 1474 (03-26)

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