TSMC (TSM) SVP Zhang Kevin Xiaoqiang Buys Stock

What Happened

• Zhang Kevin Xiaoqiang, Senior Vice President and Deputy Co‑COO of Taiwan Semiconductor Manufacturing Co. (TSM), made a purchase on 2026-08-07: 63 American Depositary Shares (ADS) at $73.31 per ADS, for a total cash outlay of $4,619. This was a purchase (insider buy) rather than a sale.

Key Details

• Transaction date and price: 2026-08-07 — 63 ADS @ $73.31 per ADS (total $4,619).
• ADS to common share ratio: Each ADS represents 5 common shares (63 ADS = 315 common shares). (Footnote F1)
• Price conversion: The reported USD price was translated from NT$2,367.1117 at an exchange rate of NT$32.288 = US$1. (Footnote F3)
• Plan notes: Filing includes footnotes referencing the issuer’s Employee Stock Purchase Plan (ESPP) and Long‑Term Incentive (LTI) trust arrangements (F2, F4, F5). The filing identifies the transaction as a purchase (code P); the exact mechanism for this specific 63‑ADS purchase is not separately detailed in the Form 4 summary provided.
• Shares owned after transaction: Not disclosed in the provided summary.
• Filing timeliness: Report filed 2026-08-10 for a 2026-08-07 transaction; this appears to be within the standard Form 4 reporting window (timely).

Context

• The purchase is modest in dollar size (~$4.6K) and, given the presence of ESPP/LTI footnotes, may reflect routine participation in company stock plans rather than a large directional bet. Purchases by insiders are often watched by investors as potentially informative, but small plan purchases are common and do not, by themselves, indicate a change in company outlook.