Cao Min 4

What Happened

• Cao Min, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), acquired 66 common shares in an open-market/ESPP purchase on April 9, 2026. The reported per-share price was $57.87, for a total transaction value of approximately $3,819. This was a purchase (code P), which is often viewed more positively than a sale because it represents an insider adding or maintaining an ownership stake.

Key Details

• Transaction date and price: April 9, 2026 — 66 shares at $57.87 each (total ~$3,819).
• Transaction type: P = Purchase (made under the issuer’s Employee Stock Purchase Plan).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Shares were purchased by the ESPP administrator on the filer’s behalf per plan terms.
  • F2: USD price is a translation from NT$1,837.2789 using NT$31.748 = US$1.
  • F3: Shares are held under the issuer’s ESPP.
  • F4 pertains to LTI trust purchases (not directly tied to this ESPP purchase).
• Filing timeliness: Transaction reported for period 2026-04-09 and Form 4 filed 2026-04-13; this appears to meet the SEC’s two-business-day filing requirement and is therefore timely.

Context

• ESPP purchases are typically made under pre-set plan rules (payroll deductions and periodic purchases) and may not reflect active market timing by the insider. While insider purchases can be informative for investors, they are one data point and not definitive proof of future company performance.