Was Yeap Choh Fei’s TSM share purchase discretionary or plan-based?

The purchase was plan-based rather than discretionary. The shares were bought by the administrator of Taiwan Semiconductor’s Employee Stock Purchase Plan on his behalf, following terms predetermined by the issuer, indicating a routine compensation-related acquisition.

TSMC SVP buys 68 shares via ESPP

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD senior vice president Yeap Choh Fei increased indirect holdings through a small employee stock purchase.

Filing Impact

(Moderate)

Filing Sentiment

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Form Type

Rhea-AI Filing Summary

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD senior vice president Yeap Choh Fei increased indirect holdings through a small employee stock purchase. On April 9, 2026, an ESPP trust bought 68 common shares at $57.87 per share in an open-market purchase under terms predetermined by the company.

After this transaction, Yeap holds 6,269 shares indirectly via the ESPP trust, 10,581 shares indirectly via an LTI trust, and 213,375 shares directly. The filing describes the activity as routine plan-based purchases rather than discretionary large-scale trading.

Insider Trade Summary

Net Buyer: 68 shares

Net Buy 3 txns

Insider Yeap Choh Fei

Role SVP

Bought 68 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Shares (2330.TW)	68	$57.87	$4K
holding	Common Shares (2330.TW)	--	--	--
holding	Common Shares (2330.TW)	--	--	--

Holdings After Transaction: Common Shares (2330.TW) — 6,269 shares (Indirect, By ESPP Trust); Common Shares (2330.TW) — 213,375 shares (Direct); Common Shares (2330.TW) — 10,581 shares (Indirect, By LTI Trust)

Footnotes (4)

F1. 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.
F2. 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.
F3. Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP").
F4. 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.

Key Figures

ESPP purchase size: 68 shares Purchase price: $57.87 per share Indirect holdings via ESPP trust: 6,269 shares +4 more

7 metrics

ESPP purchase size 68 shares Open-market purchase on April 9, 2026

Purchase price $57.87 per share Price for ESPP trust acquisition

Indirect holdings via ESPP trust 6,269 shares Total after transaction

Direct holdings 213,375 shares Common Shares (2330.TW) after reported date

Indirect holdings via LTI trust 10,581 shares Common Shares under LTI Bonus Plan trust

NT dollar purchase price NT$1,837.2789 Average ESPP purchase price in NT dollars

FX rate used NT$31.748 per US$1 Exchange rate for translating purchase price

Key Terms

Employee Stock Purchase Plan, ESPP, Long-Term Incentive ("LTI") Bonus Plan, ESPP Trust, +1 more

5 terms

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.

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

"cash received under the issuer's Long-Term Incentive ("LTI") Bonus Plan"

ESPP Trust financial

"nature_of_ownership: By ESPP Trust"

LTI Trust financial

"nature_of_ownership: By LTI Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TSM SVP Yeap Choh Fei report?

TSM senior vice president Yeap Choh Fei reported a small indirect share purchase. An ESPP trust bought 68 common shares on April 9, 2026, at $57.87 per share, increasing his total direct and indirect holdings in Taiwan Semiconductor stock.

How many TSM shares did the ESPP trust purchase for Yeap Choh Fei?

The ESPP trust purchased 68 Taiwan Semiconductor common shares for Yeap Choh Fei. These shares were acquired in the open market under a predetermined employee stock purchase plan, rather than through a discretionary trade placed directly by the executive.

What is Yeap Choh Fei’s total direct TSM shareholding after this Form 4?

After the reported transactions, Yeap Choh Fei directly holds 213,375 Taiwan Semiconductor common shares. This direct position is separate from his additional indirect holdings through the company’s Employee Stock Purchase Plan trust and a Long-Term Incentive bonus plan trust.

What indirect TSM holdings does Yeap Choh Fei report through trusts?

The filing shows 6,269 shares held indirectly via an Employee Stock Purchase Plan trust and 10,581 shares held indirectly through a Long-Term Incentive bonus plan trust. These positions are in addition to his directly owned 213,375 Taiwan Semiconductor common shares.

At what price were the TSM shares bought under the ESPP for Yeap Choh Fei?

The 68 Taiwan Semiconductor shares were purchased at $57.87 per share. A footnote explains this price was translated from an average NT$1,837.2789 in New Taiwan dollars using an exchange rate of NT$31.748 to US$1 for reporting purposes.

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Accepted by SEC EDGAR 04/13/2026 - 07:40 AM EDT

SEC Form 4

FORM 4

UNITED 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^*

Yeap Choh Fei

(Last)

(First)

(Middle)

NO. 8, LI-HSIN ROAD 6

HSINCHU SCIENCE PARK

(Street)

HSINCHU

TAIWAN

300096

(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)

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

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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares (2330.TW)								213,375	D
Common Shares (2330.TW)	04/09/2026⁽¹⁾		P	V	68	A	$57.87⁽²⁾	6,269⁽³⁾	I	By ESPP Trust
Common Shares (2330.TW)								10,581⁽⁴⁾	I	By 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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-fact	04/13/2026
	** 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 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