| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GRMN | Registered Shares | Sale | -$1.4M | -13.3K | -33.65% | $105.37 | 26.2K | Jun 12, 2023 | Direct | F1, F2, F3 |
| transaction | GRMN | Registered Shares | Sale | -$251K | -2.36K | -9.02% | $106.05 | 23.8K | Jun 12, 2023 | Direct | F1, F3, F4 |
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).
| Id | Content |
|---|---|
| F1 | Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2023. |
| F2 | This transaction was executed in multiple trades at prices ranging from $104.855 to $105.82. 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 8,501 unvested shares acquired pursuant to previously granted restricted stock units awards. |
| F4 | This transaction was executed in multiple trades at prices ranging from $105.87 to $106.20. 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. |