Chuang Tzu-Sou 4

What Happened
Chuang Tzu-Sou, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), recorded two transactions: a disposition by gift of 500,000 common shares (no cash proceeds) on June 8, 2026, and an acquisition of 46 common shares through the company's Employee Stock Purchase Plan (ESPP) on June 5, 2026 for $76.01 per share (total $3,496). The gift is reported as a G-code disposition with $0 proceeds; the ESPP purchase is reported as a P-code acquisition and reflects an NT$-to-USD conversion.

Key Details

• Transaction dates and prices:
  • 2026-06-08 — Gift (G): 500,000 shares disposed, proceeds $0.
  • 2026-06-05 — ESPP Purchase (P): 46 shares at $76.01 each; total $3,496. (Price translated from NT$2,392.5207 at NT$31.475 = US$1; see footnote F2.)
• Shares owned after the transactions: Not specified in the excerpt provided in this summary (check the full Form 4 for post-transaction holdings).
• Relevant footnotes from the filing:
  • F1: ESPP shares were purchased by the plan administrator on behalf of the filer per preset plan terms.
  • F2: Purchase price converted from New Taiwan dollars (NT$2,392.5207) at NT$31.475 = US$1 (gives $76.01/share).
  • F3: Indicates shares purchased and held under the issuer’s ESPP.
  • F4: Refers to shares purchased by a trust with cash from the issuer’s LTI Bonus Plan over which the filer has investment control.
• Filing timeliness: Form filed 2026-06-09 for transactions on 2026-06-05 and 2026-06-08. Based on typical Section 16 timing, this filing appears to be timely (filed within the usual two-business-day window); consult the full filing for any timeliness flags.

Context

• Gifts: A gift (G) is a non-sale transfer and does not reflect a sale for cash — it should not be interpreted as a direct market sentiment signal. The filing does not state the recipient of the gifted shares.
• ESPP purchase: Small ESPP purchases are routine compensation/benefit activity; purchases by plan administrators on preset terms (F1/F3) are common and often less informative about personal conviction than open-market purchases.