BURRELL JONATHAN 4

What Happened
Jonathan Burrell, a director of Garmin Ltd. (GRMN), reported multiple gift transactions on May 4, 2026. The Form 4 shows gifts disposing of 9,800 shares and 433,600 shares (total disposed = 443,400 shares) and a separate gift acquisition of 144,534 shares. All transactions are recorded at $0.00 per share because they were gifts (no cash consideration). Net, Mr. Burrell transferred out 298,866 more shares than he received on that date.

Key Details

• Transaction date: 2026-05-04; Form filed: 2026-05-05 (timely filing).
• Transaction type/code: G (gift). Price per share reported: $0.00 (gifts).
• Shares reported in the transactions: disposed 9,800 and 433,600; acquired 144,534 (total movement 587,934 shares).
• Filing does not state the total shares owned by Mr. Burrell after these transfers.
• Notable footnotes:
  • F1: Some reported holdings include 8,493 registered shares and unvested RSUs, with 858 RSUs vesting on June 6, 2026.
  • F2–F6: Various trust-related notes—Mr. Burrell is a co-trustee/manager of several GRATs and trusts and disclaims beneficial ownership of certain reported securities except to the extent of any pecuniary interest.

Context
Gifts are typically estate-planning or family transfers and are not the same signal as open-market purchases or sales; they do not necessarily reflect the insider’s view of the company’s prospects. Because these were gifts recorded at $0, there is no cash value reported on the Form 4.