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TSMC (NYSE: TSM) SVP boosts holdings via ESPP and LTI trusts

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

Rhea-AI Filing Summary

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD senior executive Kevin Xiaoqiang Zhang reported a small open-market purchase of additional shares. On April 9, 2026, an ESPP trust bought 79 Common Shares (2330.TW) for him at $57.87 per share, under predetermined Employee Stock Purchase Plan terms.

After this trade, he indirectly holds 7,034 Common Shares via the ESPP trust and 20,190 Common Shares through a Long-Term Incentive trust, and directly holds 329,663 Common Shares plus 2,500 American Depositary Shares, each ADS representing five Common Shares.

Positive

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Insider Zhang Kevin Xiaoqiang
Role SVP and Deputy Co-COO
Bought 79 shs ($5K)
Type Security Shares Price Value
Purchase Common Shares (2330.TW) 79 $57.87 $5K
holding Common Shares (2330.TW) -- -- --
holding American Depositary Shares (TSM) -- -- --
holding Common Shares (2330.TW) -- -- --
Holdings After Transaction: Common Shares (2330.TW) — 7,034 shares (Indirect, By ESPP Trust); Common Shares (2330.TW) — 329,663 shares (Direct); American Depositary Shares (TSM) — 2,500 shares (Direct)
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$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.
Shares purchased 79 Common Shares ESPP open-market purchase on April 9, 2026
Purchase price $57.87 per share Average price for 79 Common Shares via ESPP
Indirect ESPP holdings 7,034 Common Shares Held by ESPP trust after transaction
Direct common share holdings 329,663 Common Shares Direct ownership after reported transactions
ADS holdings 2,500 ADS Direct holdings; each ADS equals five Common Shares
LTI trust holdings 20,190 Common Shares Indirect ownership via Long-Term Incentive trust
NT$ purchase price NT$1,837.2789 Average ESPP purchase price per share in New Taiwan dollars
FX rate NT$31.748 to US$1 Exchange rate used to translate ESPP purchase price
Employee Stock Purchase Plan ("ESPP") financial
"Common Shares purchased by the administrator of the issuer's Employee Stock Purchase Plan ("ESPP")"
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.
indirect ownership financial
"direct_or_indirect: "I", 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*
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)
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)329,663D
American Depositary Shares (TSM)(1)2,500D
Common Shares (2330.TW)04/09/2026(2)PV79A$57.87(3)7,034(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$1,837.2789 in New Taiwan dollars, at the rate of NT$31.748 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-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 (Taiwan Semiconductor) executive Kevin Zhang buy in this Form 4?

Kevin Xiaoqiang Zhang had an ESPP trust purchase 79 Common Shares (2330.TW) of TSM for him at $57.87 per share. The shares were bought under the company’s Employee Stock Purchase Plan based on terms predetermined by Taiwan Semiconductor.

How many Taiwan Semiconductor shares does Kevin Zhang hold after this Form 4?

After the reported transactions, Kevin Zhang directly owns 329,663 Common Shares and 2,500 American Depositary Shares, and indirectly holds 7,034 Common Shares via an ESPP trust and 20,190 Common Shares through a Long-Term Incentive trust associated with Taiwan Semiconductor.

What price did the ESPP trust pay for TSM shares for Kevin Zhang?

The ESPP trust purchased 79 Common Shares for Kevin Zhang at an average price of $57.87 per share. This U.S. dollar price reflects a translation from NT$1,837.2789 using an exchange rate of NT$31.748 to US$1.

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

An ESPP trust purchases and holds common shares for Kevin Zhang under the Employee Stock Purchase Plan, while an LTI trust holds common shares bought with Long-Term Incentive bonus cash. The filing notes he has obtained investment control over the LTI trust’s TSM shares.

Is the Form 4 transaction for TSM a routine plan purchase or a discretionary trade?

The Form 4 notes that common shares were purchased by the administrator of TSM’s Employee Stock Purchase Plan on Kevin Zhang’s behalf pursuant to pre‑determined terms. This indicates a routine plan-related purchase rather than a wholly discretionary open-market decision by the executive.