Form 4: TSMC VP Bor-Zen Tien Acquires Shares

TSMC VP Bor-Zen Tien reported transactions involving the acquisition of common shares through the company's Employee Stock Purchase Plan.

Summary

• Bor-Zen Tien, VP at Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), acquired 40 American Depositary Shares (ADS) and 6 Common Shares on July 7, 2026.
• The ADS were acquired under the Employee Stock Purchase Plan (ESPP) at a price of $76.62 per ADS, with each ADS representing five common shares.
• Additional common shares were acquired by the ESPP administrator on behalf of a family member.
• Beneficial ownership of common shares is held directly and indirectly through the ESPP trust and by a spouse and immediate family member.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine share acquisitions by an executive through an established employee plan, rather than a significant strategic event.

Positives

• VP Bor-Zen Tien's acquisition of shares through the ESPP indicates continued investment and confidence in the company.
• The transactions were made pursuant to a pre-determined plan, suggesting adherence to Rule 10b5-1(c) for affirmative defense.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider share purchases, particularly through employee stock purchase plans, are common within the semiconductor industry as a way for employees and executives to invest in their company's growth.

Stakeholder Impact

• Shareholders: The acquisition of shares by a VP through an ESPP is a routine event and is unlikely to have a significant immediate impact on the share price.
• Employees: The filing confirms the continued operation of the ESPP, which is a benefit for employees.
• Management: Demonstrates continued investment in the company by a key executive.

Key Dates

Keywords

TSMC, TSM, Form 4, Insider Trading, ESPP, Share Acquisition, Bor-Zen Tien, Taiwan Semiconductor Manufacturing Co Ltd