BURRELL JONATHAN 4

What Happened

• Jonathan Burrell, a Garmin Ltd. director, reported gift transactions on May 26–27, 2026. The filing shows 15,600 shares transferred on 2026-05-26 (15,600 disposed and 15,600 acquired—likely an internal transfer) and an additional 8,800 shares disposed by gift on 2026-05-27. All transactions are coded G (gift) with a reported price of $0.00 per share. Net effect: a disposition of 8,800 shares. Because these were gifts (no cash exchanged), the filing does not represent an open-market sale.

Key Details

• Transaction dates and amounts:
  • 2026-05-26: 15,600 shares disposed (G) and 15,600 shares acquired (G) — $0.00 per share.
  • 2026-05-27: 8,800 shares disposed (G) — $0.00 per share.
• Net change: disposed 24,400 shares total, acquired 15,600 — net decrease of 8,800 shares.
• Reported holdings (per footnote F1): consist of 8,493 registered shares plus unvested RSUs that can be settled only in registered shares (858 RSUs vesting on June 6, 2026). The filing does not state a total "shares owned after" elsewhere in the provided data.
• Ownership/beneficial interest notes (F2–F5): Mr. Burrell is a co‑trustee/manager of various GRATs and LLCs; he disclaims beneficial ownership of certain reported securities except to the extent of his pecuniary interest.
• Filing timeliness: Report filed 2026-05-27 for transactions on 2026-05-26/27; no late filing indicator noted.

Context

• Gifts (code G) are often transfers to trusts or family and do not necessarily signal the insider's view of the company’s stock price. They are non‑market transactions and show no cash proceeds. The mixed dispose/acquire entries on 5/26 suggest internal transfers among accounts or trusts rather than open‑market activity.