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ESPP purchase boosts TSM (NYSE: TSM) VP Min Cao holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Taiwan Semiconductor Manufacturing Co. VP Min Cao increased indirect ownership through the company’s Employee Stock Purchase Plan. On April 9, 2026, the ESPP administrator purchased 66 common shares at $57.87 per share on Cao’s behalf, bringing ESPP trust holdings to 6,495 shares.

The filing also shows 507,879 common shares held directly, 10,581 shares held indirectly via a Long-Term Incentive bonus plan trust, and 34,470 shares held indirectly by a spouse, indicating a substantial overall position.

Positive

  • None.

Negative

  • None.
Insider Cao Min
Role VP
Bought 66 shs ($4K)
Type Security Shares Price Value
Purchase Common Shares (2330.TW) 66 $57.87 $4K
holding Common Shares (2330.TW) -- -- --
holding Common Shares (2330.TW) -- -- --
holding Common Shares (2330.TW) -- -- --
Holdings After Transaction: Common Shares (2330.TW) — 6,495 shares (Indirect, By ESPP Trust); Common Shares (2330.TW) — 507,879 shares (Direct)
Footnotes (1)
  1. 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. The price was translated from the average purchase price of NT$1,837.2789 in New Taiwan dollars, at the rate of NT$31.748 to US$1. Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP"). 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.
ESPP purchase 66 shares at $57.87 Common Shares (2330.TW) acquired April 9, 2026 via ESPP
ESPP trust holdings 6,495 shares Indirect ownership by ESPP Trust after purchase
Direct holdings 507,879 shares Total common shares held directly after transactions
LTI trust holdings 10,581 shares Indirect ownership by Long-Term Incentive Bonus Plan trust
Spouse holdings 34,470 shares Indirect ownership attributed as held by spouse
Employee Stock Purchase Plan financial
"Common Shares purchased by the administrator of the issuer's Employee Stock Purchase Plan ("ESPP") on behalf of the filer"
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.
ESPP Trust financial
"direct_or_indirect: "I", nature_of_ownership: "By ESPP Trust""
Long-Term Incentive ("LTI") Bonus Plan financial
"Represents Common Shares purchased by a trust with cash received under the issuer's Long-Term Incentive ("LTI") Bonus Plan"
indirect ownership financial
"ownership_type: "indirect", nature_of_ownership: "By ESPP Trust""
Form 4 Insider Transactions: What Each Field Means →
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*
Cao Min
(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)
VP
2a. Foreign Trading Symbol
[2330.TW]
3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026		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)507,879D
Common Shares (2330.TW)04/09/2026(1)PV66A$57.87(2)6,495(3)IBy ESPP Trust
Common Shares (2330.TW)10,581(4)IBy LTI Trust
Common Shares (2330.TW)34,470IBy Spouse
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. 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.
2. The price was translated from the average purchase price of NT$1,837.2789 in New Taiwan dollars, at the rate of NT$31.748 to US$1.
3. Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP").
4. 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-fact04/13/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did TSM VP Min Cao do in this Form 4 filing?

Min Cao had 66 Taiwan Semiconductor common shares acquired via the employee stock purchase plan at $57.87 per share. These shares were bought by the ESPP administrator under predetermined terms and added to existing direct and indirect holdings reported in the filing.

How many TSM shares did Min Cao buy and at what price?

The filing reports a purchase of 66 common shares of Taiwan Semiconductor at $57.87 per share. The transaction was executed by the Employee Stock Purchase Plan administrator on April 9, 2026, and the shares are held indirectly through the ESPP trust.

Is Min Cao’s TSM share purchase a discretionary open-market trade?

The 66-share acquisition is not a discretionary trade; it was made under the Employee Stock Purchase Plan. Footnotes explain the ESPP administrator purchased shares pursuant to terms predetermined by the issuer, meaning the timing and amount followed plan rules rather than individual market timing.

What are Min Cao’s total direct TSM holdings after this transaction?

After the reported transactions, Min Cao directly holds 507,879 common shares of Taiwan Semiconductor. This direct position is separate from shares held indirectly through the Employee Stock Purchase Plan trust, a Long-Term Incentive plan trust, and shares attributed to a spouse.

What indirect TSM holdings does Min Cao report besides the ESPP trust?

In addition to 6,495 shares held via the ESPP trust, Min Cao reports 10,581 common shares held through a Long-Term Incentive bonus plan trust and 34,470 shares held by a spouse. These positions are classified as indirect ownership in the Form 4 data.

How was the TSM purchase price in this Form 4 determined?

The reported $57.87 price per share is translated from an average purchase price of NT$1,837.2789. A footnote states this New Taiwan dollar amount was converted at an exchange rate of NT$31.748 to US$1 for disclosure purposes.