How was the TSM ESPP purchase price of $76.62 per share determined?

The $76.62 price was translated from an average purchase price of NT$2,462.6361 per share, using an exchange rate of NT$32.143 to US$1. This conversion reflects the underlying New Taiwan dollar transaction value for the ESPP purchase.

Does the Form 4 show any TSM share sales by VP Liaw?

The Form 4 does not report any share sales by Liaw. It records one indirect purchase of 48 shares via the Employee Stock Purchase Plan, along with updated direct and indirect holding balances following the reported transactions.

TSMC VP buys 48 shares via employee plan

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD VP Liaw Yung-Haw reported an indirect open-market purchase of 48 Common Shares (2330.TW) at $76.62 per share.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD VP Liaw Yung-Haw reported an indirect open-market purchase of 48 Common Shares (2330.TW) at $76.62 per share. The shares were bought by the administrator of the company’s Employee Stock Purchase Plan on behalf of the filer and are held in an ESPP trust, bringing that indirect position to 6,241 shares.

The filing also shows 463,054 Common Shares held directly, 430,000 shares held indirectly through Hsing Yu Investment Co., Ltd., and 7,036 shares held indirectly through an LTI trust, reflecting the VP’s combined direct and indirect ownership interests.

Insider Trade Summary

Net Buyer: 48 shares

Net Buy 4 txns

Insider Liaw Yung-Haw

Role VP

Bought 48 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Shares (2330.TW)	48	$76.62	$4K
holding	Common Shares (2330.TW)	--	--	--
holding	Common Shares (2330.TW)	--	--	--
holding	Common Shares (2330.TW)	--	--	--

Holdings After Transaction: Common Shares (2330.TW) — 6,241 shares (Indirect, By ESPP Trust); Common Shares (2330.TW) — 463,054 shares (Direct); Common Shares (2330.TW) — 7,036 shares (Indirect, By LTI Trust); Common Shares (2330.TW) — 430,000 shares (Indirect, By Hsing Yu Investment Co., Ltd.)

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$2,462.6361 in New Taiwan dollars, at the rate of NT$32.143 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: 48 shares Purchase price: $76.62 per share ESPP trust holdings after purchase: 6,241 shares +5 more

8 metrics

ESPP purchase size 48 shares Indirect open-market purchase via ESPP on 2026-07-07

Purchase price $76.62 per share ESPP purchase of Common Shares (2330.TW)

ESPP trust holdings after purchase 6,241 shares Indirect ownership by ESPP Trust following transaction

Direct holdings 463,054 shares Common Shares (2330.TW) held directly after reported transactions

Hsing Yu Investment holdings 430,000 shares Indirect ownership via Hsing Yu Investment Co., Ltd.

LTI trust holdings 7,036 shares Indirect ownership via LTI Trust after reported transactions

NT$ purchase price NT$2,462.6361 per share Average ESPP purchase price in New Taiwan dollars

FX rate used NT$32.143 to US$1 Exchange rate applied to translate ESPP price

Key Terms

Employee Stock Purchase Plan, Long-Term Incentive ("LTI") Bonus Plan, indirect ownership

3 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"

indirect ownership financial

"nature_of_ownership: By Hsing Yu Investment Co., Ltd. and By LTI Trust and By ESPP Trust"

FAQ

What insider transaction did TSM VP Liaw Yung-Haw report on this Form 4?

Liaw Yung-Haw reported an indirect purchase of 48 TSM Common Shares at $76.62 per share. The shares were acquired via the company’s Employee Stock Purchase Plan and are held in an ESPP trust on the filer’s behalf.

How were the 48 TSM shares purchased for VP Liaw under the ESPP?

The 48 shares were purchased by the administrator of TSM’s Employee Stock Purchase Plan on Liaw’s behalf under predetermined terms. The plan executes purchases automatically rather than through discretionary open-market trades by the executive.

What are Liaw Yung-Haw’s direct TSM shareholdings after this Form 4 transaction?

After the reported transactions, Liaw directly holds 463,054 TSM Common Shares. This figure reflects shares registered in the filer’s own name, separate from additional indirect holdings through various trusts and investment entities.

What indirect TSM holdings does VP Liaw report through entities and trusts?

The filing shows 430,000 TSM shares held indirectly via Hsing Yu Investment Co., Ltd., 7,036 shares held through an LTI trust, and 6,241 shares held through an ESPP trust, all representing indirect ownership interests associated with Liaw.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 07/09/2026 - 06:13 AM Accepted by SEC EDGAR 07/09/2026 - 06:13 AM

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^*

Liaw Yung-Haw

(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)
	VP

2a. Foreign Trading Symbol
[2330.TW]

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

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)								463,054	D
Common Shares (2330.TW)	07/07/2026⁽¹⁾		P		48	A	$76.62⁽²⁾	6,241⁽³⁾	I	By ESPP Trust
Common Shares (2330.TW)								7,036⁽⁴⁾	I	By LTI Trust
Common Shares (2330.TW)								430,000	I	By Hsing Yu Investment Co., Ltd.

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$2,462.6361 in New Taiwan dollars, at the rate of NT$32.143 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	07/09/2026
	** 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