Jonathan Burrell - Mar 10, 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRMN	Registered Shares	Gift	$0	-2M	-99.53%	$0.00	9.35K	Mar 10, 2022	By trust	F2
transaction	GRMN	Registered Shares	Gift	$0	+2M	+24.48%	$0.00	10.2M	Mar 10, 2022	By GRATs	F4
holding	GRMN	Registered Shares						5.69K	Mar 10, 2022	Direct	F1
holding	GRMN	Registered Shares						30K	Mar 10, 2022	By trust
holding	GRMN	Registered Shares						8.87M	Mar 10, 2022	By CLATs	F3
holding	GRMN	Registered Shares						941K	Mar 10, 2022	By trust	F5
holding	GRMN	Registered Shares						43.5K	Mar 10, 2022	By LLC	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Consists of (a) 4,642 Registered Shares, and (b) unvested RSUs awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs consist of the RSUs granted on June 4, 2021 that vest as to 1,045 shares on June 4, 2022.
F2	The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3	The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4	The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5	The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
F6	The reporting person is the manager of a limited liability company, which is wholly-owned by a GRAT remainder trust established for the reporting person's benefit.