Tien Bor-Zen 4

What Happened

Tien Bor‑Zen, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), made two open‑market purchases (code P). On 2026-05-19 he bought 10 ADS at $391.81 each for $3,918, and on 2026-05-20 he bought 7 ADS at $400.00 each for $2,800 — a total of 17 ADS costing $6,718. These transactions are purchases (often viewed positively), though they appear to be routine employee plan activity.

Key Details

• Transaction dates and prices: 2026-05-19 — 10 ADS @ $391.81 ($3,918); 2026-05-20 — 7 ADS @ $400.00 ($2,800).
• Total acquired: 17 ADS (equivalent to 85 common shares); total cash spent $6,718.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each American Depositary Share (ADS) represents 5 common shares; F2 — shares purchased and held under the issuer’s Employee Stock Purchase Plan (ESPP).
• Filing timeliness: Report lists Period of Report 2026-05-19 and was filed 2026-05-21 — appears timely (filed within the normal two business‑day window).

Context

• ADS note: 17 ADS = 85 underlying common shares (ADS are the U.S. tradeable form).
• ESPP purchases: Footnote indicates these were ESPP transactions, which are common for employees and often involve small, periodic purchases rather than large strategic buys.
• Code: P = Purchase. There is no indication of option exercises, gifts, or tax withholding in this filing.