Douglas G. Boessen - Jun 10, 2024 Form 4/A Insider Report for GARMIN LTD (GRMN)

Role
CFO and Treasurer
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen
Stock symbol
GRMN
Transactions as of
Jun 10, 2024
Transactions value $
-$379,839
Form type
4/A
Date filed
6/11/2024, 11:42 AM
Date Of Original Report
Jun 11, 2024
Previous filing
Feb 28, 2024
Next filing
Dec 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Sale -$361K -2.23K -7.36% $161.58 28.1K Jun 10, 2024 Direct F1, F2, F3
transaction GRMN Registered Shares Sale -$18.9K -116 -0.41% $162.75 28K Jun 10, 2024 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 7, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $161.225 to $162.10. 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 15,507 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F4 This transaction was executed in multiple trades at prices ranging from $162.74 to $162.96. 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.

Remarks:

This amendment to Form 4 is filed solely for the purpose of including footnotes 2 and 4, which were inadvertently excluded from the original Form 4.