Douglas G. Boessen - 15 Dec 2025 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
CFO and Treasurer
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen
Issuer symbol
GRMN
Transactions as of
15 Dec 2025
Net transactions value
-$923,706
Form type
4
Filing time
17 Dec 2025, 18:55:08 UTC
Previous filing
07 Jul 2025
Next filing
17 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Boessen Douglas G. CFO and Treasurer 1200 E. 151ST ST., OLATHE /s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen 17 Dec 2025 0001450652

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability $411,144 -1,984 -6.8% $207.23 27,162 15 Dec 2025 Direct F1, F2
transaction GRMN Registered Shares Award $0 +4,239 +16% $0.000000 31,401 15 Dec 2025 Direct F3, F4
transaction GRMN Registered Shares Sale $407,487 -1,977 -6.3% $206.11 29,424 16 Dec 2025 Direct F4, F5, F6
transaction GRMN Registered Shares Sale $105,075 -508 -1.7% $206.84 28,916 16 Dec 2025 Direct F4, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 On December 15, 2025, 4,469 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those shares, 1,984 shares were withheld to pay the resulting tax liability.
F2 Includes 13,478 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 On December 15, 2025 the reporting person received a grant of 4,239 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2026.
F4 Includes 17,717 unvested shares acquired pursuant to the December 15, 2025 restricted stock unit award and previously granted restricted stock unit awards.
F5 Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2025.
F6 This transaction was executed in multiple trades at prices ranging from $205.55 to $206.51. 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.
F7 This transaction was executed in multiple trades at prices ranging from $206.645 to $207.14. 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.