Taiwan Semiconductor (TSM) VP Jang Syun‑Ming Buys 49 Shares

What Happened
Jang Syun‑Ming, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), purchased 49 common shares on 2026-09-07 at $76.20 per share, for a total of about $3,734. The transaction is reported as a purchase (code P), meaning the insider acquired stock rather than sold it.

Key Details

• Transaction date: 2026-09-07 (reported on Form 4 filed 2026-09-09).
• Trade: Open market/private purchase (P) — 49 shares at $76.20 each; total ≈ $3,734.
• Shares owned after transaction: Not disclosed in the filing.
• Relevant footnotes:
  • F1/F3: Shares were purchased by the administrator of the issuer’s Employee Stock Purchase Plan (ESPP) on the filer’s behalf and are held under the ESPP.
  • F2: Price was translated from NT$2,404.3453 using NT$31.552 = US$1.
  • F4: Filing also references shares purchased by a trust under the issuer’s Long‑Term Incentive (LTI) Bonus Plan over which the filer has investment control.
• Timeliness: Filed two days after the trade (appears timely under Section 16 reporting rules).

Context
This is a small, routine ESPP purchase (~$3.7k). Purchases reported by insiders can attract attention because they represent personal investment, but the filing’s footnotes indicate this was processed through company plans (ESPP/LTI trust) under predetermined terms rather than a discretionary open‑market decision. The filing does not disclose total post‑transaction holdings.