UMC CFO & SVP Chitung Liu Transfers 1,000,000 Common Shares from Trust to Direct Ownership

Executive Summary

On September 8, 2026, United Microelectronics Corp ($UMC) filed a Form 4 for CFO & SVP Chitung Liu. The filing reports a transaction dated September 7, 2026, involving the distribution of 1,000,000 Common Shares from the CTBC Bank Trust directly to the reporting person upon the expiration and termination of the trust.

Transaction Breakdown

• Nature of Transaction: Trust distribution (Transaction Code J). The CTBC Bank Trust distributed 1,000,000 shares to Chitung Liu, shifting the ownership form from indirect to direct.
• Transaction Price: $0.00 per share (no open-market sale or purchase).
• Beneficial Holdings Post-Transaction:
  • Direct: 4,322,917 Common Shares (includes 1,210,000 restricted stock awards vesting annually through 2029).
  • Indirect (CTBC Bank Trust): 1,000,000 Common Shares.
  • Indirect (Spouse): 150,000 Common Shares.

Trading Significance

This transaction represents an internal transfer resulting in a change in the legal form of ownership rather than a market sale or acquisition. Consequently, net economic exposure and total beneficial ownership remain unchanged, indicating low informational signal for market participants.