TSMC (TSM) SVP Kevin Zhang Buys 61 Shares

What Happened

• Kevin Xiaoqiang Zhang, SVP and Deputy Co‑COO of Taiwan Semiconductor Manufacturing Co. (TSM), acquired 61 shares on Sep 7, 2026 in an open-market/private purchase transaction. The reported price was $76.20 per share for a total of $4,648. This was a purchase (potentially a bullish signal), and the filing indicates the shares were acquired through the issuer’s Employee Stock Purchase Plan (ESPP) mechanism.

Key Details

• Transaction date and price: Sep 7, 2026 — 61 shares at $76.20 each (total $4,648).
• Filing date: Sep 9, 2026 — filed timely (within the usual 2‑business‑day Form 4 window).
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Relevant footnotes from the filing:
  • F1: Each American Depositary Share (ADS) represents five common shares.
  • F2/F4: Common shares were purchased by the ESPP administrator on behalf of the filer and are held under the ESPP.
  • F3: Price was translated from NT$2,404.3453 using a rate of NT$31.552 = US$1.
  • F5: Notes trust purchases under the issuer’s LTI bonus plan over which the filer has investment control (may relate to other holdings).

Context

• ESPP purchases are typically payroll‑based, predetermined purchases and are common for company employees; they are often routine rather than directional bets by executives. The size here (~$4.6K) is modest. No options were exercised and no immediate sale was reported. The filing appears timely and contains explanatory footnotes about ADS conversion and currency translation.