Chen Chih-Ho 4

What Happened

• Chen Chih-Ho, listed as a Controller at Taiwan Semiconductor Manufacturing Co. (TSM), made two small transactions: an ESPP purchase of 50 common shares on 2026-07-13 at $74.60 each (total $3,730) and an open-market sale of 50 shares on 2026-07-14 at $75.22 each (total $3,761). The purchase was under the company's Employee Stock Purchase Plan (ESPP), per the filing.

Key Details

• Transaction types: P = Purchase (ESPP), S = Sale (open market).
• Purchase: 2026-07-13 — 50 shares @ $74.60 (total $3,730). Footnote: price translated from NT$2,400 at NT$32.172 = US$1.
• Sale: 2026-07-14 — 50 shares @ $75.22 (total $3,761). Footnote: price translated from NT$2,420 at NT$32.172 = US$1.
• Filing: Form 4 filed 2026-07-16 reporting the 7/13 and 7/14 transactions.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• The purchase was made through TSMC's ESPP (employee plan). The near-immediate sale the next day simply reports disposition of the same number of shares; such quick sales after ESPP purchases occur for various administrative or personal reasons and do not, by themselves, indicate the insider's long-term view.
• Amounts are small (a few thousand dollars) and typically considered routine insider activity rather than material insider positioning.