Form 4 for GRMN Garmin

Accepted 2024-03-06 00:00:00 ET · period of report 2024-03-04 · accession 0001014108-24-000010 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
MI	2024-03-06	2024-03-04+	GRMN	BURRELL JONATHAN	Dir	S - Sale	$140.23	-45.0K	758.8K	-6%	-$6.31M

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Registered Shares	2024-03-06	S	D	15,000	$140.68	728,834	I By trust	—	—	(F8) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.42 to $141.0325, inclusive. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range. (F7) The reporting person is a co-trustee of a GRAT remainder trust established for his benefit. The reported sales of 45,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on December 1, 2023.
2	Common	Registered Shares	2024-03-05	S	D	15,000	$140.00	743,834	I By trust	—	—	(F7) The reporting person is a co-trustee of a GRAT remainder trust established for his benefit. The reported sales of 45,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on December 1, 2023.
3	Common	Registered Shares	2024-03-04	S	D	15,000	$140.00	758,834	I By trust	—	—	(F7) The reporting person is a co-trustee of a GRAT remainder trust established for his benefit. The reported sales of 45,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on December 1, 2023.