JONATHAN BURRELL - 09 Jun 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director, 10%+ Owner
Signature
/s/ Jonathan Burrell
Issuer symbol
GRMN
Transactions as of
09 Jun 2022
Net transactions value
$0
Form type
4
Filing time
13 Jun 2022, 12:18:07 UTC
Previous filing
07 Jun 2022
Next filing
13 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Gift $0 -300,000 -91% $0.000000 30,000 09 Jun 2022 By trust
transaction GRMN Registered Shares Gift $0 +300,000 $0.000000 300,000 09 Jun 2022 By GRATs F6
holding GRMN Registered Shares 5,425 09 Jun 2022 Direct
holding GRMN Registered Shares 22,747 09 Jun 2022 By trust F1
holding GRMN Registered Shares 8,872,799 09 Jun 2022 By CLATs F2
holding GRMN Registered Shares 8,870,400 09 Jun 2022 By GRATs F3
holding GRMN Registered Shares 744,500 09 Jun 2022 By trust F4
holding GRMN Registered Shares 368,478 09 Jun 2022 By LLCs F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
F5 The reporting person is the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.
F6 The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him, and his children hold the remainder interests therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.