Zhang Kevin Xiaoqiang 4

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.