TSMC SVP & General Counsel Acquires Shares via Routine ESPP Purchase

Executive Summary

On October 8, 2026, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) filed a Form 4 disclosing that Shu-Hua Fang, Senior Vice President and General Counsel, acquired 53 common shares on October 7, 2026. The shares were purchased through TSMC's Employee Stock Purchase Plan (ESPP) at an average translated price of $79.39 (NT$2,524.23 converted at NT$31.795 per US$1), amounting to a total transaction value of approximately $4,208.

Transaction Details

• Security: Common Shares (2330.TW)
• Transaction Code: P (Open market or private purchase via ESPP)
• Shares Acquired: 53
• Price per Share: $79.39
• Gross Consideration: ~$4,207.67
• Ownership Nature: Indirect (held by ESPP Trust)

Post-Transaction Holdings

Following this transaction, Shu-Hua Fang's reported holdings include:

• ESPP Trust (Indirect): 6,761 shares
• Direct Ownership: 898,895 shares (including a recent exempt Rule 16a-13 transfer of 20,190 shares from an LTI Trust)
• By Spouse (Indirect): 67,906 shares
• By Immediate Family Member (Indirect): 8,206 shares
• Ming Yuan Capital Co., Ltd. (Indirect): 34,000 shares
• Ming Jing Capital Co., Ltd. (Indirect): 350,000 shares

Market Significance

This transaction carries Low significance. It represents a routine, scheduled ESPP accumulation rather than a discretionary open-market buy or sell decision. Totaling roughly $4,208, the purchase is immaterial relative to the insider's aggregate direct and indirect beneficial ownership exceeding 1.36 million shares.