| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GRMN | Registered Shares | Gift | $0 | +402K | +81.71% | $0.00 | 894K | Feb 27, 2023 | By trust | F2 |
| transaction | GRMN | Registered Shares | Gift | $0 | -402K | -5.06% | $0.00 | 7.53M | Feb 27, 2023 | By GRATs | F4 |
| holding | GRMN | Registered Shares | 6.93K | Feb 27, 2023 | Direct | F1 | |||||
| holding | GRMN | Registered Shares | 30K | Feb 27, 2023 | By trust | ||||||
| holding | GRMN | Registered Shares | 9.06M | Feb 27, 2023 | By CLATs | F3 | |||||
| holding | GRMN | Registered Shares | 774K | Feb 27, 2023 | By trust | F5 | |||||
| holding | GRMN | Registered Shares | 394K | Feb 27, 2023 | By LLCs | F6 | |||||
| holding | GRMN | Registered Shares | 300K | Feb 27, 2023 | By GRATs | F7 |
| Id | Content |
|---|---|
| F1 | Consists of (a) 5,425 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 10, 2022 that vest as to 1,502 shares on June 10, 2023. |
| 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 several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit. |
| F7 | 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. |