Zhang Kevin Xiaoqiang 4
4 · TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
TSMC (TSM) SVP Kevin Zhang Buys 66 ADS for $4.7K
What Happened
Kevin Xiaoqiang Zhang, SVP and Deputy Co‑COO of Taiwan Semiconductor Manufacturing Co. (TSM), reported a purchase of 66 American Depositary Shares (ADS) on 2026-05-08. The ADS were acquired at $71.82 each for a total cash outlay of $4,740. This filing records a straightforward purchase (insider buying is often considered more informative than routine sales).
Key Details
- Transaction date and price: 2026-05-08, 66 ADS at $71.82 per ADS (total $4,740). Price reported in USD was translated from NT$2,257.1777 at NT$31.429 = US$1. (footnote F3)
- ADS conversion: Each ADS represents 5 common shares (footnote F1). 66 ADS = 330 common shares.
- Shares owned after transaction: Not disclosed in this Form 4.
- Other footnotes in the filing reference ESPP and LTI trust mechanics (F2, F4, F5), but the key items for this trade are F1 and F3.
- Filing/timeliness: Report filed 2026-05-11 covering the 2026-05-08 transaction; this was filed within the Form 4 reporting window and is not reported as late.
Context
This was a purchase of ADS (not an option exercise or award). Footnotes show the issuer priced the trade in New Taiwan dollars and converted to USD for SEC reporting; the ADS structure means the economic exposure equals five underlying common shares per ADS. Purchases by executives can be of interest to investors, but filings alone do not reveal the insider’s motivation.
Insider Transaction Report
- Purchase
Common Shares (2330.TW)
[F2][F3][F4]2026-05-08$71.82/sh+66$4,740→ 7,100 total(indirect: By Trust)
- 329,663
Common Shares (2330.TW)
- 2,500
American Depositary Shares (TSM)
[F1] - 20,190(indirect: By Trust)
Common Shares (2330.TW)
[F5]
Footnotes (5)
- [F1]Each American Depositary Share represents five (5) Common Shares.
- [F2]Common Shares purchased by the administrator of the issuer's Employee Stock Purchase Plan ("ESPP") on behalf of the filer pursuant to terms predetermined by the issuer.
- [F3]The price was translated from the average purchase price of NT$2,257.1777 in New Taiwan dollars, at the rate of NT$31.429 to US$1.
- [F4]Common Shares purchased and held under the issuer's Employee Stock Purchase Plan ("ESPP").
- [F5]Represents Common Shares purchased by a trust with cash received under the issuer's Long-Term Incentive ("LTI") Bonus Plan, over which the filer has obtained investment control.