TSMC EVP buys 75 shares via ESPP plan
Taiwan Semiconductor Manufacturing Co. EVP and Co-COO Yuh-Jier Mii reported a small insider purchase and updated holdings.
Rhea-AI Filing Summary
Taiwan Semiconductor Manufacturing Co. EVP and Co-COO Yuh-Jier Mii reported a small insider purchase and updated holdings. On May 8, 2026, an ESPP trust bought 75 Common Shares (2330.TW) for him at $71.82 per share under the company’s Employee Stock Purchase Plan. After this, the ESPP trust holds 7,887 Common Shares, while an LTI trust holds 63,345 Common Shares and he directly owns 1,254,057 Common Shares and 25 American Depositary Shares. He also holds Equity Linked Notes referencing up to 636 and 703 ADRs, which may settle in cash or ADSs at future exercisable dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 75 shares
Net Buy
6 txns
Insider
Mii Yuh-Jier
Role
EVP and Co-COO
Bought
75 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares (2330.TW) | 75 | $71.82 | $5K |
| holding | Equity Linked Notes | -- | -- | -- |
| holding | Equity Linked Notes | -- | -- | -- |
| holding | Common Shares (2330.TW) | -- | -- | -- |
| holding | American Depositary Shares (TSM) | -- | -- | -- |
| holding | Common Shares (2330.TW) | -- | -- | -- |
Holdings After Transaction:
Common Shares (2330.TW) — 7,887 shares (Indirect, By ESPP Trust);
Equity Linked Notes — 1,339 contracts (Direct);
Common Shares (2330.TW) — 1,254,057 shares (Direct);
American Depositary Shares (TSM) — 25 shares (Direct);
Common Shares (2330.TW) — 63,345 shares (Indirect, By LTI Trust)
Footnotes (9)
- F1. Each American Depositary Share represents five (5) Common Shares.
- F2. 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.
- F3. 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.
- F4. Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP").
- F5. 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.
- F6. The Equity Linked Notes are issued by UBS AG that reference a basket of equity securities that includes the issuer's American Depositary Shares. The principal amount of the notes is US$150,000. The notes are exercisable and expire on September 21, 2026 (the "Exercisable Date"). Under the terms of the notes, if the notes are not redeemed early and the closing price of the worst-performing basket component is below its strike price on the Exercisable Date, the notes may be settled by delivery of shares or American Depositary Shares of that worst-performing basket component plus cash in lieu of any fractional share. The strike price for each basket component equals 70% of its initial reference level. If the issuer's American Depositary Shares are determined to be the worst-performing basket component, settlement may result in delivery of up to 636 American Depositary Shares of the issuer at a strike price of 235.697 per American Depositary Share. [Continued in footnote 7]
- F7. [Continued from footnote 6] In addition, the notes may be redeemed for cash, (i) if, during the observation period prior to the Exercisable Date, the closing price of each basket component has reached its initial reference level at least once, or (ii) if the notes are not redeemed early and the closing price of the worst-performing basket component is at or above its strike price on the Exercisable Date.
- F8. The Equity Linked Notes are issued by UBS AG that reference a basket of equity securities that includes the issuer's American Depositary Shares. The principal amount of the notes is US$150,000. The notes are exercisable and expire on March 4, 2027 (the "Exercisable Date"). Under the terms of the notes, if the notes are not redeemed early and the closing price of the worst-performing basket component is below its strike price on the Exercisable Date, the notes may be settled by delivery of shares or American Depositary Shares of that worst-performing basket component plus cash in lieu of any fractional share. The strike price for each basket component equals 55% of its initial reference level. If the issuer's American Depositary Shares are determined to be the worst-performing basket component, settlement may result in delivery of up to 703 American Depositary Shares of the issuer at a strike price of 213.2515 per American Depositary Share. [Continued in footnote 9]
- F9. [Continued from footnote 8] In addition, the notes may be redeemed for cash, (i) if, during the observation period prior to the Exercisable Date, the closing price of each basket component has reached its initial reference level at least once, or (ii) if the notes are not redeemed early and the closing price of the worst-performing basket component is at or above its strike price on the Exercisable Date.
Key Figures
ESPP purchase: 75 Common Shares at $71.82/share
Direct common share holdings: 1,254,057 Common Shares
LTI trust holdings: 63,345 Common Shares
+5 more
8 metrics
ESPP purchase
75 Common Shares at $71.82/share
Open-market style ESPP purchase on May 8, 2026
Direct common share holdings
1,254,057 Common Shares
Direct ownership after reported transactions
LTI trust holdings
63,345 Common Shares
Held by LTI trust over which filer has investment control
ESPP trust holdings
7,887 Common Shares
Common Shares purchased and held under ESPP
Direct ADR holdings
25 American Depositary Shares
Each ADR represents five Common Shares
Equity Linked Notes basket 1
Up to 636 ADRs at 235.697/ADR
ELN exercisable, expiring September 21, 2026; principal $150,000
Equity Linked Notes basket 2
Up to 703 ADRs at 213.2515/ADR
ELN exercisable, expiring March 4, 2027; principal $150,000
ADR to common ratio
1 ADR = 5 Common Shares
Stated relationship between TSM ADRs and Common Shares
Key Terms
Employee Stock Purchase Plan, Long-Term Incentive ("LTI") Bonus Plan, Equity Linked Notes, American Depositary Shares, +2 more
6 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"
Equity Linked Notes financial
"The Equity Linked Notes are issued by UBS AG that reference a basket of equity securities that includes the issuer's American Depositary Shares"
initial reference level financial
"The strike price for each basket component equals 70% of its initial reference level."
strike price financial
"If the issuer's American Depositary Shares are determined to be the worst-performing basket component, settlement may result in delivery of up to 636 American Depositary Shares of the issuer at a strike price of 235.697 per American Depositary Share."
The strike price is the fixed price at which an option gives its holder the right to buy or sell an underlying stock. Think of it like a coupon that lets you transact at a pre-agreed price regardless of the market; for investors it determines whether an option will be profitable, influences potential gains or losses, and is a key factor in the option’s market value and risk profile.
FAQ
What insider transaction did TSM executive Yuh-Jier Mii report?
TSMC EVP and Co-COO Yuh-Jier Mii reported a small insider purchase of 75 Common Shares on May 8, 2026 through the company’s Employee Stock Purchase Plan, executed by the ESPP administrator on his behalf at an average price of $71.82 per share.
What are the Equity Linked Notes disclosed in the TSM Form 4?
The filing shows Equity Linked Notes issued by UBS AG referencing a basket that includes TSM ADRs. Depending on performance and redemption conditions, each note may settle in up to 636 or 703 TSM ADRs or cash at exercisable dates in 2026 and 2027, subject to basket pricing.
Is the reported TSM insider transaction a buy or sell event?
The Form 4 reflects a net-buy event. It records an open-market style purchase of 75 Common Shares via the Employee Stock Purchase Plan, with no reported open-market sales, so the overall direction of this filing is a small increase in Yuh-Jier Mii’s TSM equity exposure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
