Cao Min 4

What Happened
Cao Min, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSMC/TSM), purchased 54 common shares on 2026-07-07 in an open-market/private purchase reported on Form 4. The reported price was $76.62 per share, for a total value of approximately $4,137. This purchase was made through the issuer's Employee Stock Purchase Plan (ESPP), which is generally a routine payroll/plan purchase rather than a discretionary market buy.

Key Details

• Transaction date: 2026-07-07; Form filed: 2026-07-09 (timely filing).
• Transaction type/code: P = Purchase (ESPP).
• Shares purchased: 54 at $76.62 per share; total ≈ $4,137.
• Price conversion note: the $76.62 price was translated from NT$2,462.6361 at an exchange rate of NT$32.143 = US$1 (footnote F2).
• Footnotes: F1/F3 indicate shares were purchased by the ESPP administrator on the filer’s behalf and held under the ESPP; filing also includes an F4 reference describing shares purchased by an LTI trust over which the filer has investment control (not specifically tied to this ESPP purchase).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
ESPP purchases are common, periodic insider buys made under pre-set plan terms (often via payroll deductions) and are typically viewed as routine rather than a direct endorsement of short-term stock moves. The size of this transaction (~$4.1k) is small relative to executive holdings and company market cap, so interpret accordingly.