Cao Min 4

What Happened Cao Min, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), acquired 59 common shares on May 8, 2026. The reported purchase price was $71.82 per share, for a total value of approximately $4,237. The shares were bought under the issuer's Employee Stock Purchase Plan (ESPP), per the filing (transaction code P — purchase).

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (timely — within required filing window).
• Price: $71.82 per share (translated from NT$2,257.1777 at NT$31.429 = US$1).
• Shares acquired: 59; total consideration: ~$4,237.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1/F3: Shares were purchased by the ESPP administrator on behalf of the filer and are held under the ESPP.
  • F2: Price shown is a USD translation of the NTD purchase price.
  • F4 is listed in the filing set but does not appear to apply to this specific ESPP purchase.
• Transaction type: P = Purchase (ESPP acquisition), not a sale or option exercise.

Context ESPP purchases are routine employee benefit transactions where shares are bought under pre-set plan terms; they are generally considered ordinary compensation-related purchases rather than direct market-timing signals. The small size (~$4.2k) makes this a routine insider purchase rather than a large bet on the stock.