Douglas G. Boessen - 03 Jul 2025 Form 4 Insider Report for GARMIN LTD (GRMN)

Signature
/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen
Issuer symbol
GRMN
Transactions as of
03 Jul 2025
Net transactions value
-$399,685
Form type
4
Filing time
07 Jul 2025, 21:55:05 UTC
Previous filing
28 Feb 2025
Next filing
17 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Boessen Douglas G. CFO and Treasurer 1200 E. 151ST ST., OLATHE /s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen 07 Jul 2025 0001450652

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Sale $399,685 -1,859 -6% $215.00 29,146 03 Jul 2025 Direct F1, F2
* 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 March 3, 2025.
F2 Includes (i) 17,947 unvested shares acquired pursuant to previously granted restricted stock unit awards and (ii) 69 shares acquired in June 2025 under the Garmin Ltd. Employee Stock Purchase Plan.