Zhang Kevin Xiaoqiang 4

What Happened Kevin Xiaoqiang Zhang, Senior Vice President and Deputy Co‑COO of Taiwan Semiconductor Manufacturing Co. (TSM), acquired 79 American Depositary Shares (ADS) on 2026-04-09 in an open market/private purchase reported on Form 4. The ADS were priced at $57.87 each for a total reported cost of $4,572. Under the filing’s footnote, each ADS represents five common shares, so the purchase is equivalent to 395 common shares. This was a purchase (a direct buy), which insiders making purchases can be seen as a routine acquisition rather than a sale.

Key Details

• Transaction date: 2026-04-09; Form 4 filed: 2026-04-13.
• Price: $57.87 per ADS; total reported value: $4,572. (Footnote says price was translated from NT$1,837.2789 at NT$31.748 = US$1.)
• Shares acquired: 79 ADS (equivalent to 395 common shares).
• Acquisition method: Purchased under the issuer’s Employee Stock Purchase Plan (ESPP) — shares purchased by the plan administrator on the filer’s behalf per predetermined ESPP terms (filing footnotes F2 and F4).
• Shares owned after the transaction: Not specified in the supplied filing details.
• Filing timeliness: Form filed 4 days after the trade date (filing date 2026-04-13 for a 2026-04-09 trade); the filing shows the transaction and disclosure but does not indicate a late filing code in the provided data.

Context ESPP purchases are common for employees and are typically executed by a plan administrator under preset rules (often including payroll deductions and periodic purchases). Such purchases indicate the insider participated in the company plan but do not by themselves imply broader insider sentiment about TSM’s near‑term prospects.