BURRELL JONATHAN 4

4 · GARMIN LTD · Filed May 11, 2026

AI-generated summary of this filing

Updated May 11, 2026

Garmin (GRMN) Director Jonathan Burrell Gifts 870,000 Shares

What Happened

Jonathan Burrell, a director of Garmin Ltd. (GRMN), reported multiple gift transactions on 2026-05-08 moving a total of 870,000 shares among accounts/entities. Each transaction was reported as a gift (code G) at $0.00 per share. The entries include dispositions and acquisitions that offset one another, resulting in no net change in his reported beneficial ownership.

Key Details

Transaction date: 2026-05-08; Form 4 filed: 2026-05-11.
Reported movement: 92,000; 94,000; 94,000; 92,000; 249,000; 249,000 shares (total moved = 870,000). All were gifts at $0.00 per share.
Net effect: No net increase or decrease in beneficial ownership (acquisitions and dispositions offset).
Shares/position after transactions: Footnote F1 indicates holdings include 8,493 registered shares plus unvested RSUs (RSUs vesting 858 shares on June 6, 2026). Other footnotes (F2–F6) state many transfers involved GRATs, trusts and LLCs and that Burrell disclaims beneficial ownership except for any pecuniary interest.
No cash proceeds involved; these appear to be estate/planning or internal transfers rather than open-market sales or purchases.
Filing timing: Reported trades dated May 8 and filed May 11 (no explicit late-filing flag provided in this report).

Context

Gifts/transfers (code G) generally reflect estate planning or intra-family/entity transfers and do not necessarily indicate the insider’s view on the company’s stock price. For retail investors, outright purchases by insiders tend to be more informative about confidence than gift transactions.

Form 4

Period: 2026-05-08

Director

Transactions

Gift
Registered Shares
[F2]
2026-05-08−92,000→ 1,757,700 total(indirect: By GRATs)
Gift
Registered Shares
[F3]
2026-05-08−94,000→ 4,248,752 total(indirect: By GRATs)
Gift
Registered Shares
[F6]
2026-05-08+94,000→ 343,000 total(indirect: By Trust)
Gift
Registered Shares
2026-05-08+92,000→ 1,018,443 total(indirect: By Trust)
Gift
Registered Shares
[F3]
2026-05-08+249,000→ 4,497,752 total(indirect: By GRATs)
Gift
Registered Shares
[F6]
2026-05-08−249,000→ 94,000 total(indirect: By Trust)

Holdings

Footnotes (6)

[F1]Consists of (a) 8,493 Registered Shares and (b) unvested restricted stock units (RSUs) awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs vest as to 858 shares on June 6, 2026.
[F2]The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him, and his children hold the remainder interests therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein.
[F3]The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
[F4]The reporting person is the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.
[F5]The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
[F6]The reporting person is a co-trustee of his mother's revocable trust and his mother's attorney-in-fact and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Signature

/s/Jonathan Burrell|2026-05-11

1 file