TSMC VP Cao Min Acquires 51 Shares via Employee Stock Purchase Plan

Transaction Overview

On October 8, 2026, Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) filed a Form 4 detailing an acquisition of Common Shares by Vice President Cao Min.

• Date of Transaction: October 7, 2026
• Transaction Code: P (Open market or private purchase via ESPP)
• Shares Acquired: 51 common shares
• Price Per Share: $79.39 (converted from NT$2,524.23 at an exchange rate of NT$31.795 to US$1)
• Total Transaction Value: ~$4,048.89

Ownership Breakdown

The transaction was executed indirectly via the issuer's Employee Stock Purchase Plan (ESPP) Trust. Following the transaction, Cao Min's total reported holdings across all categories include:

• Direct Ownership: 520,760 shares
• Indirect (ESPP Trust): 6,824 shares
• Indirect (LTI Trust): 10,581 shares
• Indirect (Spouse): 34,470 shares

Market Significance

This purchase reflects routine participation in the company's predetermined Employee Stock Purchase Plan rather than a discretionary open-market buy. Given the modest transaction size ($4,048.89) relative to the insider's total beneficial holdings exceeding 570,000 shares, the market impact and trading significance of this filing are Low.