Jang Syun-Ming 4

What Happened
Jang Syun-Ming, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), purchased 47 common shares on July 7, 2026 at $76.62 per share, for a total cost of $3,601. The purchase was reported on a Form 4 filed July 9, 2026. This was a purchase (transaction code P), i.e., an acquisition rather than a sale.

Key Details

• Transaction date: 2026-07-07; Form 4 filed: 2026-07-09 (timely filing).
• Price and size: 47 shares at $76.62 per share; total reported value $3,601.
• Transaction type: P = Purchase (open market or private purchase as reported).
• Footnotes from the filing indicate this was an ESPP-related purchase:
  • F1/F3: Shares were purchased by the ESPP administrator on behalf of the filer and held under the ESPP.
  • F2: Price shown in USD was converted from NT$2,462.6361 using an exchange rate of NT$32.143 = US$1.
  • F4 (noting): filing also includes a footnote describing shares possibly purchased by a trust with LTI cash — review the full Form 4 to see which footnotes apply to each line.
• Shares owned after the transaction: not specified in the information provided here; see the full Form 4 for post-transaction holdings.

Context
This purchase was made through the company’s Employee Stock Purchase Plan (ESPP), which typically involves predetermined payroll deductions and periodic purchases by an administrator — a routine, non-discretionary way insiders accumulate company stock. The amount is small ($3.6K) and should be viewed as routine ESPP participation rather than a large directional bet.