TSMC (NYSE: TSM) SVP adds ESPP and trust share holdings

Rhea-AI Filing Summary

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD senior executive Kevin Xiaoqiang Zhang reported an indirect open-market purchase of 66 Common Shares (2330.TW) on May 8, 2026, bought by the administrator of the company’s Employee Stock Purchase Plan on his behalf.

The purchase price was $71.82 per share, translated from an average price of NT$2,257.1777 at a rate of NT$31.429 to US$1. After this ESPP transaction, Zhang indirectly holds 7,100 Common Shares under the ESPP trust and 20,190 Common Shares via an LTI trust, and directly holds 329,663 Common Shares and 2,500 American Depositary Shares, with each ADS representing five Common Shares.

Insider Trade Summary

Net Buyer: 66 shares ($4,740)

Net Buy 4 txns

Insider Zhang Kevin Xiaoqiang

Role SVP and Deputy Co-COO

Bought 66 shs ($5K)

Type	Security	Shares	Price	Value
Purchase	Common Shares (2330.TW)	66	$71.82	$5K
holding	Common Shares (2330.TW)	--	--	--
holding	American Depositary Shares (TSM)	--	--	--
holding	Common Shares (2330.TW)	--	--	--

Holdings After Transaction: Common Shares (2330.TW) — 7,100 shares (Indirect, By ESPP Trust); Common Shares (2330.TW) — 329,663 shares (Direct, null); American Depositary Shares (TSM) — 2,500 shares (Direct, null)

Footnotes (1)

1. Each American Depositary Share represents five (5) Common Shares. 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$2,257.1777 in New Taiwan dollars, at the rate of NT$31.429 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.

Key Figures

Open-market purchase: 66 Common Shares Purchase price: $71.82 per share Indirect ESPP holdings: 7,100 Common Shares +5 more

8 metrics

Open-market purchase 66 Common Shares Purchased on May 8, 2026 via ESPP

Purchase price $71.82 per share Common Shares under ESPP

Indirect ESPP holdings 7,100 Common Shares Total following ESPP transaction

Indirect LTI trust holdings 20,190 Common Shares Held via LTI trust

Direct common share holdings 329,663 Common Shares Direct ownership after transactions

Direct ADS holdings 2,500 ADS Each ADS represents five Common Shares

NT$ purchase price NT$2,257.1777 Average ESPP purchase price in New Taiwan dollars

FX rate NT$31.429 to US$1 Rate used to translate ESPP purchase price

Key Terms

Employee Stock Purchase Plan, Long-Term Incentive ("LTI") Bonus Plan, American Depositary Share, investment control

4 terms

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.

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"

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.

investment control financial

"over which the filer has obtained investment control."

Form 4 Insider Transactions: What Each Field Means →

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^*

Zhang Kevin Xiaoqiang

(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 and Deputy Co-COO

2a. Foreign Trading Symbol
[2330.TW]

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares (2330.TW)								329,663	D
American Depositary Shares (TSM)(1)								2,500	D
Common Shares (2330.TW)	05/08/2026(2)		P	V	66	A	$71.82(3)	7,100(4)	I	By ESPP Trust
Common Shares (2330.TW)								20,190(5)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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$2,257.1777 in New Taiwan dollars, at the rate of NT$31.429 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-fact	05/11/2026
	** 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)

FAQ

What insider transaction did TSM executive Kevin Zhang report?

Kevin Xiaoqiang Zhang reported an indirect purchase of 66 TSM Common Shares on May 8, 2026. The shares were bought by the Employee Stock Purchase Plan administrator on his behalf at $71.82 per share, based on a New Taiwan dollar translation rate.

At what price were the 66 TSM Common Shares purchased?

The 66 Common Shares were purchased at $71.82 per share. This price was translated from an average of NT$2,257.1777 using an exchange rate of NT$31.429 to US$1, as disclosed in the transaction footnotes.

How many TSM shares does Kevin Zhang hold after this Form 4 transaction?

After the reported transactions, Kevin Zhang indirectly holds 7,100 Common Shares under the ESPP trust and 20,190 via an LTI trust, and directly holds 329,663 Common Shares plus 2,500 American Depositary Shares of Taiwan Semiconductor Manufacturing.

What is the role of the trusts in Kevin Zhang’s TSM holdings?

Some of Kevin Zhang’s holdings are held indirectly through trusts. An ESPP trust holds Common Shares purchased under the Employee Stock Purchase Plan, while an LTI trust holds Common Shares acquired with cash from the Long-Term Incentive Bonus Plan, over which he has investment control.

How are TSM American Depositary Shares related to Common Shares?

Each TSM American Depositary Share represents five Common Shares. Kevin Zhang directly owns 2,500 American Depositary Shares, giving him exposure to a larger number of underlying Common Shares through this ADR structure listed for international investors.

Was Kevin Zhang’s purchase under a company plan or discretionary?

The purchase was made under Taiwan Semiconductor’s Employee Stock Purchase Plan. The plan administrator bought Common Shares on Kevin Zhang’s behalf pursuant to terms predetermined by the issuer, rather than through a discretionary, one-off trade in the open market.