TSMC VP buys 1,000 shares in open market
Taiwan Semiconductor Manufacturing Co. vice president Tien Bor-Zen made an open-market purchase of 1,000 common shares at $55.93 per share on March 22, 2026.
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Rhea-AI Filing Summary
Taiwan Semiconductor Manufacturing Co. vice president Tien Bor-Zen made an open-market purchase of 1,000 common shares at $55.93 per share on March 22, 2026. After this transaction, he directly holds 9,051 common shares.
He also has indirect exposure through 48 common shares held via the company’s Employee Stock Purchase Plan trust and 44 common shares held by an immediate family member. In addition, he holds equity linked notes with a $20,000 principal that reference a basket including TSM American Depositary Shares and may settle in up to 71 ADS at a strike price of $278.8973 per ADS if TSM becomes the worst-performing basket component at maturity on June 3, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares (2330.TW) | 1,000 | $55.93 | $56K |
| holding | Equity Linked Notes | -- | -- | -- |
| holding | American Depositary Shares (TSM) | -- | -- | -- |
| holding | Common Shares (2330.TW) | -- | -- | -- |
| holding | Common Shares (2330.TW) | -- | -- | -- |
Footnotes (5)
- F1. The price was translated from New Taiwan dollars, NT$1,795, at the rate of NT$32.092 to US$1.
- F2. Each American Depositary Share represents five (5) Common Shares.
- F3. Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP").
- F4. The Equity Linked Notes are issued by Goldman Sachs International that reference a basket of equity securities that includes the issuer's American Depositary Shares. The principal amount of the notes is US$20,000. The notes are exercisable and expire on June 3, 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. [Continued in footnote 5]
- F5. [Continued from footnote 4] The strike price for each basket component equals 72.30% 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 71 American Depositary Shares of the issuer at a strike price of US$278.8973 per American Depositary Share. 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.
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What did TSM (TSM) executive Tien Bor-Zen do in this Form 4 filing?
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