TSMTaiwan Semiconductor Manufacturing CO LTDBULLISHconviction 1
2026-08-07: Zhang Kevin Xiaoqiang (SVP and Deputy Co-COO) — ESPP PURCHASE (issuer-administered) — $4.6K of TSM (employee stock purchase plan, Form 4, code P) [bought by the plan's administrator on issuer-set terms per the leg's own footnote — the date is the plan's and the price is a formula, neither is the filer's] [CORRECTION 2026-08-26: Wave 8 — the shares were bought by the administrator of the issuer's employee stock purchase plan on terms the issuer set, so the purchase was neither discretionary nor open-market. Re-derived from the filing under the fixed parser. Original text in signal_events]
Direction (BULLISH/BEARISH) classifies the event, not the price. It is not a forecast, and no scout's direction has been validated as predictive.
Conviction
Confidence is a heuristic conviction score, not a calibrated probability. On a single filing it is the scout's own 1-5 grade; on a row that rolls several filings together it is their SUM and has no ceiling, so it can read above 5. The stored number is published as it stands — never clamped, never hidden.
Dates
Dates are rendered exactly as filed. A sibyl row leads with the TRADE date the Form 4 reports; a pelosi row shows the member's trade date and the date the disclosure was filed, which are rarely the same day. "Flagged" is the day this feed first published the row.
Backfilled rows
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Sources
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or the disclosure document filed with the House Clerk or the Senate. A row whose source
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