| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GRMN | Registered Shares | Sale | -$565K | -3.46K | -5.53% | $163.45 | 59.1K | Jun 4, 2024 | Direct | F1, F2, F3 |
| transaction | GRMN | Registered Shares | Sale | -$109K | -667 | -1.13% | $163.87 | 58.4K | Jun 4, 2024 | Direct | F1, F3, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2024. |
| F2 | This transaction was executed in multiple trades at prices ranging from $162.72 to $163.71. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range. |
| F3 | Includes 22,726 unvested shares acquired pursuant to previously granted restricted stock unit awards. |
| F4 | This transaction was executed in multiple trades at prices ranging from $163.74 to $164.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range. |