Fang Shu-Hua 4

What Happened
Fang Shu‑Hua, Senior Vice President and General Counsel of Taiwan Semiconductor Manufacturing Co. (TSM), acquired 70 common shares on 2026-04-09 in an open market/private purchase reported on Form 4. The reported per-share price was $57.87, for a total of $4,051. The filing indicates the shares were purchased under the issuer’s Employee Stock Purchase Plan (ESPP).

Key Details

• Transaction date: 2026-04-09; Form 4 filed 2026-04-13 (timely filing).
• Transaction type: Purchase (code P) — 70 shares at $57.87 each; total ≈ $4,051.
• Footnotes: F1/F3 — shares purchased by the ESPP administrator on the filer’s behalf and held under the ESPP; F2 — price converted from NT$1,837.2789 using NT$31.748 = US$1; F4 — filing also notes a trust purchase under the issuer’s LTI bonus plan over which the filer has investment control.
• Shares owned after the transaction: not specified in the provided filing details.

Context
This was a small ESPP purchase (≈$4k). ESPP transactions are often executed by a plan administrator under predetermined terms (payroll deductions or enrollment rules) rather than as an ad hoc market trade by the insider. Purchases can be informative, but ESPP mechanics mean they don’t necessarily reflect a new personal investment decision.