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Insider Cluster (2 insiders) ·Filed May 19, 2026

TSM

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
NEUTRAL
Impact 2/10
Horizonimmediate Processed5mo ago
Insider cluster: 2 insiders, $14.0M total
Actionable Insight • Neutral

This cluster is routine and immaterial given TSMC's massive market cap. The VP sale likely reflects personal portfolio rebalancing; the small VP purchase is negligible. No significant directional signal. Monitor for any upcoming earnings or guidance changes, but this insider activity alone does not warrant action.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final: all horizons settled through T+60d
TSM ▲ +9.66% at T+60d
NEUTRAL call +9.66% · α vs SPY +3.64% · entry $392.12 → $430.00
Entry = T+0 close
May 19, 2026
via day close
T+1d
+2.22%
call +2.22% · α +1.18%
$400.83
settled 5mo ago
T+5d
+7.46%
call +7.46% · α +5.16%
$421.37
settled 5mo ago
T+20d
+8.60%
call +8.60% · α +6.34%
$425.83
settled 4mo ago
T+60d
+9.66%
call +9.66% · α +3.64%
$430.00
settled 3mo ago

Price Chart

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Executive Summary

Two TSMC vice presidents filed Form 4s on the same day: VP Tien Bor-Zen bought $70K worth of shares, while VP Chuang Tzu-Sou sold $14.0M worth. Both transactions occurred on May 19, 2026. The combined $14.0M represents less than 0.001% of TSMC's $2.05T market cap, making this cluster economically trivial despite the large absolute sale amount.

Key Financial Metrics

Direction
mixed
Total Value
$14.0M
Insiders
2

Key Facts

  • VP Tien Bor-Zen purchased 1,000 shares at $69.98 for $69,980 (open-market).
  • VP Chuang Tzu-Sou sold 200,000 shares at $69.83 for $13,966,000 (open-market).
  • Total insider activity of $14.04M is ~0.0007% of TSMC's $2.05T market cap.

Financial Impact

Negligible relative to TSMC's $2.05T market cap; the $14M total is less than 0.001% of market value.

Market Snapshot

Exchange
OTC
Sector
Semiconductors & Related Devices
Analyst Consensus
95% bullish (43 analysts)

Investment Themes

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-TSM-1779186539751
43 reports for TSM
Performance horizon
83% Hit rate @ T+20 10 of 12 directional calls Went positive at some point 12 of 14 best @ T+60▲ +39.31%Mar 30, 2026
Filters
Rows
Reports for TSM, sortable and filterable
TypeNow
Oct 27, 2026
today
SC 13G
NEUTRAL ★ 3/10
$436.20awaiting T+20awaiting T+20$436.87 (+0.15%)
Oct 22, 2026
5d ago
Institutional Cluster
MIXED ★ 3/10
$418.51awaiting T+20awaiting T+20$436.87 (+4.39%)
Oct 22, 2026
5d ago
6-K
NEUTRAL ★ 2/10
$412.35awaiting T+20awaiting T+20$436.87 (+5.95%)
Oct 15, 2026
12d ago
6-K
BULLISH ★ 7/10
$422.25awaiting T+20awaiting T+20$436.87 (+3.46%)
Oct 12, 2026
15d ago
Institutional Cluster
MIXED ★ 4/10
$444.35awaiting T+20awaiting T+20$436.87 (−1.68%)
Oct 8, 2026
19d ago
6-K
BULLISH ★ 6/10
$457.99awaiting T+20awaiting T+20$436.87 (−4.61%)
Sep 24, 2026
4w ago
6-K
NEUTRAL ★ 4/10
$451.15 $412.35▼ −8.60%▼ −8.18%$436.87 (−3.17%)
Sep 10, 2026
6w ago
6-K
BULLISH ★ 6/10
$428.03 $457.99▲ +7.00%▲ +4.88%$436.87 (+2.07%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$435.36 $472.20▲ +8.46%▲ +6.52%$436.87 (+0.35%)
Sep 4, 2026
7w ago
Insider Cluster
BULLISH ★ 4/10
$428.91 $485.80▲ +13.26%▲ +12.66%$436.87 (+1.86%)
Showing 10 of 43

US Market Status

Market Closed · Opens in 5h 12m

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Report published May 19, 2026