Form 4: TSMC VP Bor-Zen Tien Trades Shares
Statement of Changes in Beneficial Ownership
TSMC VP Bor-Zen Tien reports transactions involving American Depositary Shares and Common Shares.
Summary
- Bor-Zen Tien, VP at Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), reported transactions on May 19th and May 20th, 2026.
- On May 19th, 2026, 11,051 American Depositary Shares (ADS) were acquired at a price of $391.8064 per ADS.
- On May 20th, 2026, 7 ADS were acquired at a price of $400 per ADS.
- Additionally, 145 Common Shares were held indirectly through the issuer's Employee Stock Purchase Plan (ESPP).
- Another 60 Common Shares are held indirectly by an immediate family member.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine transactions by an executive and does not contain significant new financial information or strategic outlook.
Positives
- Acquisition of American Depositary Shares by a company executive, potentially indicating confidence in the company's future performance.
- Securities acquired through the Employee Stock Purchase Plan (ESPP) suggest employee participation and benefit from company stock ownership.
Future Outlook
No specific forward-looking statements or guidance were provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions at publicly traded companies like TSMC, a leading semiconductor manufacturer. Such filings are closely watched by investors for insights into executive confidence.
Stakeholder Impact
- Shareholders: The transactions may be interpreted as a signal of executive confidence, though the volume is relatively small in the context of TSMC's overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| 05/19/2026 | Earliest transaction date and transaction date for acquisition of 11,051 ADS. |
| 05/20/2026 | Transaction date for acquisition of 7 ADS. |
| 05/21/2026 | Date of signature for the filing. |
Keywords
TSMC, Form 4, Insider Trading, ADS, Common Shares, ESPP, Taiwan Semiconductor Manufacturing Co.
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