Chen Pei-Hung 4

What Happened
Chen Pei-Hung, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), acquired 49 common shares on May 8, 2026. The purchase price translated to $71.82 per share (NT$2,257.1777 at NT$31.429 = US$1), for a total cost of approximately $3,519. This was a purchase (transaction code P), which is generally considered a bullish signal relative to routine sales.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (timely — within required two business days).
• Price: $71.82 per share (converted from NT$2,257.1777 at NT$31.429 = US$1).
• Shares purchased: 49; Total value: ≈ $3,519.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes from the filing:
  • F1/F3: Shares were purchased by the administrator of the issuer’s Employee Stock Purchase Plan (ESPP) on the filer’s behalf and are held under the ESPP.
  • F2: Price shown is a USD translation of the NT-dollar purchase price.
  • F4: Filing also references shares purchased by a trust with LTI bonus cash over which the filer has investment control.

Context
This purchase came through the company’s ESPP, meaning the transaction was executed under predetermined plan terms (often involving payroll contributions and plan discounts). The size of this buy is small ($3.5k), so while purchases can be meaningful, this particular trade is modest in scale and should be weighed with other insider activity and company fundamentals.