Director at Taiwan Fund (NYSE: TWN) sells 134 shares in open-market trade

Rhea-AI Filing Summary

Taiwan Fund, Inc. director Shelley E. Rigger reported an open-market sale of 134 shares of the Taiwan Fund on May 19, 2026 at an average price of $88.82 per share. After this transaction, the director directly holds 166 shares of the fund.

Insider Trade Summary

Net Seller: 134 shares ($11,902)

Net Sell 1 txn

Insider Rigger Shelley E

Role null

Sold 134 shs ($12K)

Type	Security	Shares	Price	Value
Sale	Taiwan Fund, Inc.	134	$88.82	$12K

Holdings After Transaction: Taiwan Fund, Inc. — 166 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 134 shares Sale price: $88.82 per share Shares held after transaction: 166 shares +1 more

4 metrics

Shares sold 134 shares Open-market sale on May 19, 2026

Sale price $88.82 per share Average transaction price on May 19, 2026

Shares held after transaction 166 shares Direct holdings following the sale

Net shares sold 134 shares Net sell direction in transaction summary

Key Terms

open-market sale, Form 4, directly holds

3 terms

open-market sale financial

"reported an open-market sale of 134 shares of the Taiwan Fund"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"according to the Form 4 filing"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

directly holds financial

"After this transaction, the director directly holds 166 shares"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Rigger Shelley E

(Last) (First) (Middle)

DAVIDSON COLLEGE,

P.O. BOX 7018

(Street)

DAVIDSON NORTH CAROLINA 28035

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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)
			Code	V	Amount	(A) or (D)	Price
Taiwan Fund, Inc.	05/19/2026		S		134	D	$88.82	166	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/ Shelley E. Rigger	06/09/2026
	** 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)

FAQ

What insider transaction did Taiwan Fund (TWN) report for Shelley E. Rigger?

Shelley E. Rigger, a director of Taiwan Fund, Inc., reported an open-market sale of 134 shares on May 19, 2026, at an average price of $88.82 per share, according to the Form 4 filing.

How many Taiwan Fund (TWN) shares were sold in the latest Form 4?

The Form 4 shows a sale of 134 Taiwan Fund, Inc. shares. The transaction was an open-market sale at an average price of $88.82 per share on May 19, 2026, by director Shelley E. Rigger.

At what price were the Taiwan Fund (TWN) shares sold in the Form 4?

The 134 Taiwan Fund, Inc. shares were sold at an average price of $88.82 per share. This open-market transaction was reported by director Shelley E. Rigger for May 19, 2026, in the Form 4 filing.

How many Taiwan Fund (TWN) shares does the director hold after the sale?

After the reported transaction, director Shelley E. Rigger directly holds 166 Taiwan Fund, Inc. shares. This post-transaction balance is disclosed in the Form 4 as the total shares following the May 19, 2026 sale.

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

The Form 4 reports a sell transaction. Director Shelley E. Rigger executed an open-market sale of 134 Taiwan Fund, Inc. shares at $88.82 per share on May 19, 2026, reducing her directly held position.