STOCK TITAN

TSMC (NYSE: TSM) VP Min Cao adds shares through ESPP trust

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

Rhea-AI Filing Summary

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD vice president Min Cao reported an indirect open-market purchase of common shares on June 5, 2026. An administrator of the company’s Employee Stock Purchase Plan bought 54 shares at $76.01 per share under predetermined plan terms, held in an ESPP trust for Cao.

After this ESPP transaction, Cao held 6,608 common shares indirectly through the ESPP trust, 34,470 shares indirectly through a spouse, 10,581 shares indirectly via a Long-Term Incentive bonus plan trust, and 507,879 shares directly.

Positive

  • None.

Negative

  • None.
Insider Cao Min
Role VP
Bought 54 shs ($4K)
Type Security Shares Price Value
Purchase Common Shares (2330.TW) 54 $76.01 $4K
holding Common Shares (2330.TW) -- -- --
holding Common Shares (2330.TW) -- -- --
holding Common Shares (2330.TW) -- -- --
Holdings After Transaction: Common Shares (2330.TW) — 6,608 shares (Indirect, By ESPP Trust); Common Shares (2330.TW) — 507,879 shares (Direct, null)
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$2,392.5207 in New Taiwan dollars, at the rate of NT$31.475 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 size 54 shares Common Shares purchased via ESPP on June 5, 2026
ESPP purchase price $76.01 per share Translated from NT$2,392.5207 at NT$31.475 to US$1
Indirect ESPP holdings 6,608 shares Common Shares held under ESPP after transaction
Indirect spouse holdings 34,470 shares Common Shares held indirectly through spouse after transaction
Indirect LTI trust holdings 10,581 shares Common Shares held via Long-Term Incentive bonus plan trust
Direct holdings 507,879 shares Common Shares held directly following reported transactions
NT dollar purchase price NT$2,392.5207 Average ESPP purchase price in New Taiwan dollars
FX rate NT$31.475 to US$1 Exchange rate used to translate ESPP purchase price
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 financial
"Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP")."
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
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
"nature_of_ownership: By Spouse; By LTI Trust; By ESPP Trust, reported as indirect ownership"
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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)
06/05/2026
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)06/05/2026(1)PV54A$76.01(2)6,608(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$2,392.5207 in New Taiwan dollars, at the rate of NT$31.475 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/ Shu-Hua Fang, as attorney-in-fact06/09/2026
** 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)

FAQ

What insider transaction did TSM VP Min Cao report on this Form 4?

Min Cao reported an indirect purchase of 54 common shares of TSM through the company’s Employee Stock Purchase Plan. The shares were acquired on June 5, 2026 and are held in an ESPP trust on the executive’s behalf under predetermined plan terms.

What price did TSM VP Min Cao pay per share in the ESPP purchase?

The reported ESPP transaction shows a purchase price of $76.01 per share. This U.S. dollar amount is translated from an average price of NT$2,392.5207 using an exchange rate of NT$31.475 to US$1, as disclosed in the footnotes.

How many TSM shares does Min Cao hold indirectly after the reported transactions?

After the reported transactions, Min Cao holds 6,608 common shares indirectly via an ESPP trust, 34,470 shares indirectly through a spouse, and 10,581 shares indirectly through a Long-Term Incentive bonus plan trust, alongside a substantial directly held position.

How many TSM shares does Min Cao hold directly following this Form 4 filing?

Following the transactions reported on the Form 4, Min Cao directly holds 507,879 common shares of TSM. This direct position is in addition to several categories of indirect ownership through an ESPP trust, spouse holdings, and a Long-Term Incentive bonus plan trust.

Was the TSM ESPP purchase by Min Cao discretionary or prearranged?

The filing explains that the ESPP shares were purchased by the plan administrator on behalf of Min Cao under terms predetermined by the issuer. This indicates the transaction followed structured Employee Stock Purchase Plan rules rather than a discretionary open-market trade.

What is the role of trusts in Min Cao’s TSM share ownership?

Min Cao’s ownership includes shares held by an ESPP trust and a separate Long-Term Incentive (LTI) bonus plan trust. The LTI trust purchased shares with bonus cash, and the filer has obtained investment control over these holdings, which are reported as indirect ownership positions.