| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GRMN | Registered Shares | Sale | -$662K | -4.92K | -13.82% | $134.52 | 30.7K | Feb 27, 2024 | Direct | F1, F2, F3 |
| transaction | GRMN | Registered Shares | Sale | -$46.5K | -344 | -1.12% | $135.14 | 30.4K | Feb 27, 2024 | 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 November 7, 2023. |
| F2 | This transaction was executed in multiple trades at prices ranging from $134.03 to $134.99. 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 15,507 unvested shares acquired pursuant to previously granted restricted stock unit awards. |
| F4 | This transaction was executed in multiple trades at prices ranging from $135.03 to $135.23. 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. |