Zhang Kevin Xiaoqiang 4

What Happened Zhang Kevin Xiaoqiang, Senior Vice President and Deputy Co‑COO of Taiwan Semiconductor Manufacturing Co. (TSM), reported a purchase of 61 shares on July 7, 2026 at $76.62 per share, for a total reported cost of $4,674. The transaction is reported as a purchase (code P) and the Form 4 was filed on July 9, 2026.

Key Details

• Transaction date: 2026-07-07; Form 4 filed: 2026-07-09 (appears timely).
• Amount: 61 shares acquired at $76.62 each; total ≈ $4,674.
• Footnotes of the filing:
  • F1: Each American Depositary Share (ADS) represents five common shares.
  • F2/F4: Filing indicates shares were purchased by the issuer's ESPP administrator on the filer’s behalf and are held under the ESPP.
  • F3: The USD price was translated from an average NT$ purchase price (NT$2,462.6361) at NT$32.143 = US$1.
• Shares owned after the transaction: not specified in the provided summary.

Context This is a straightforward small-dollar purchase through the company’s Employee Stock Purchase Plan (per filing footnotes). Purchases by insiders can be interpreted as a personal investment decision, but this single, modest ESPP purchase is routine and does not, by itself, indicate a major change in insider sentiment.