Director boosts Taiwan Fund (TWN) stake with 50,686-share open-market buy

Rhea-AI Filing Summary

Taiwan Fund, Inc. director William C. Kirby reported an open-market purchase of 50,686.9 shares of the fund at a price of $64.90 per share. After this transaction, he directly holds 2,886 shares of Taiwan Fund, Inc.

Insights

Equity ownership analyst

Director makes sizable open-market share purchase in Taiwan Fund.

Director William C. Kirby executed an open-market purchase of 50,686.9 Taiwan Fund, Inc. shares at $64.90 per share. Open-market buys typically reflect a deliberate decision to increase exposure, as they require committing new capital rather than exercising existing awards.

The filing shows direct ownership of 2,886 shares following the transaction. The broader impact depends on the fund’s total shares outstanding and context from other filings, which are not included here. Investors may view this mainly as an incremental data point on insider alignment.

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

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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^*

Kirby William C.

(Last) (First) (Middle)

22 CONCORD AVE.

(Street)

LEXINGTON MA 02421

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TAIWAN FUND INC [ TWN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Taiwan Fund, Inc.	02/26/2026		P		50,686.9	A	$64.9	2,886	D

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:

	/s/ William C. Kirby	02/27/2026
	** 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.

FAQ

What insider transaction did Taiwan Fund (TWN) report on this Form 4?

Taiwan Fund (TWN) reported that director William C. Kirby bought 50,686.9 shares in an open-market transaction. The shares were acquired at a price of $64.90 per share, indicating a direct increase in his personal investment in the fund’s stock.

At what price did the Taiwan Fund (TWN) director buy shares?

Director William C. Kirby purchased Taiwan Fund (TWN) shares at $64.90 per share. This price reflects the cost paid in the open-market transaction disclosed, helping investors gauge the level at which the insider was willing to commit new capital.

How many Taiwan Fund (TWN) shares does William C. Kirby now own?

Following the reported transaction, director William C. Kirby directly owns 2,886 Taiwan Fund (TWN) shares. This figure reflects his direct holdings after buying 50,686.9 shares in the open market, as disclosed in the Form 4 insider trading report.

Was the Taiwan Fund (TWN) insider transaction a buy or a sell?

The Taiwan Fund (TWN) insider transaction was a buy. Director William C. Kirby completed an open-market purchase, acquiring 50,686.9 shares, which increased his direct ownership position rather than disposing of or selling any existing holdings.

What type of transaction was reported for Taiwan Fund (TWN) on this Form 4?

The Form 4 for Taiwan Fund (TWN) shows an open-market purchase of common shares. Director William C. Kirby executed the transaction under code “P,” which indicates a standard purchase in the open market or a private transaction, not an option exercise.

Who is the insider involved in the latest Taiwan Fund (TWN) Form 4?

The insider is director William C. Kirby of Taiwan Fund (TWN). He reported buying 50,686.9 shares at $64.90 per share, a direct purchase that modestly increases his stake, as reflected in his new holding of 2,886 shares.