Chang Tzonz-Sheng 4

What Happened
Chang Tzonz-Sheng, Senior Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), reported gift transactions on July 3, 2026 that show 173,000 common shares disposed as a gift and 173,000 common shares acquired as a gift. Each entry is reported at $0.00 per share (total reported value $0), indicating transfer by gift rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-07-03; Form 4 filed: 2026-07-06 (timely filing).
• Disposed: 173,000 shares via Gift (code G) at $0.00 per share.
• Acquired: 173,000 shares via Gift (code G) at $0.00 per share.
• Shares owned after the transaction: not specified in the filing.
• Footnotes in the filing:
  • F1: Some shares were common shares purchased and held under the issuer's Employee Stock Purchase Plan (ESPP).
  • F2: Some shares were purchased by a trust with cash from the issuer's Long-Term Incentive (LTI) Bonus Plan, and the filer obtained investment control over those shares.
• Filing timeliness: filed July 6 for a July 3 transaction — within the required reporting window (timely).

Context
Paired gift "disposed" and "acquired" entries often reflect transfers between entities (for example, to or from a trust) rather than market buying or selling. Gifts are not sales and do not necessarily signal the insider's market view. Footnotes indicate ESPP-held shares and a trust purchase using LTI cash where the filer gained investment control, which helps explain the simultaneous dispose/acquire reporting.