TSMC (TSM) VP Cao Min Buys 56 Shares

What Happened

• Cao Min, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSMC / TSM), purchased 56 common shares on 2026-09-07. The filing reports the purchase price as $76.20 per share, for a total value of approximately $4,267. The transaction is reported as a purchase (code P); footnotes indicate the shares were acquired under the issuer's Employee Stock Purchase Plan (ESPP) via the plan administrator.

Key Details

• Transaction date and price: 2026-09-07 at $76.20 per share (total ~$4,267).
• Price conversion note: the USD price was translated from an average NT$ purchase price of NT$2,404.3453 at NT$31.552 = US$1 (footnote F2).
• ESPP specifics: purchase executed by the ESPP administrator and shares are held under the ESPP (footnotes F1 and F3).
• Other footnote: F4 describes shares purchased by a trust under the issuer's LTI Bonus Plan where the filer has investment control; this appears to describe other holdings, not this ESPP purchase.
• Shares owned after transaction: not specified in the information provided.
• Filing timeliness: report filed 2026-09-09 for a 2026-09-07 transaction — appears to be timely (no late filing indicated).

Context

• ESPP purchases are typically routine, made under pre-set plan terms (payroll deductions/periodic purchases) and may reflect participation rather than a new investment signal. The dollar value here is small (~$4.3k), so the trade is modest in size relative to typical insider holdings.