BURRELL JONATHAN 4

What Happened Jonathan Burrell, a director of Garmin Ltd. (GRMN), reported a gift transaction on June 11, 2026. The Form 4 shows a gift disposition of 322,000 shares and a corresponding gift acquisition of 322,000 shares, each recorded at $0.00 per share (typical for intra-family or trust transfers). No cash changed hands in the reporting — this was a non‑market gift/transfer rather than a purchase or sale.

Key Details

• Transaction date: 2026-06-11 (reported on Form 4 filed 2026-06-12) — timely filing.
• Transaction type/code: G (Gift); 322,000 shares disposed and 322,000 shares acquired; price reported $0.00.
• Holdings/vesting: Footnote F1 notes holdings include 9,136 registered shares plus unvested RSUs that can only be settled in registered shares; 858 RSUs vest on June 5, 2027.
• Related-party/trust notes: Footnotes F2–F6 describe various trustee roles, GRATs, a revocable trust, and disclaimers of beneficial ownership except to the extent of pecuniary interest — indicating transfers involve family/trust arrangements.
• Filing timeliness: The report appears timely (transaction 6/11/2026; Form 4 filed 6/12/2026).

Context Gifts are transfers, often among family members or into/out of trusts, and do not necessarily indicate the insider’s view on the company’s stock. The multiple footnotes indicate this transaction involved grantor retained annuity trusts (GRATs) and other trust structures; the reporting person disclaims beneficial ownership in several instances except for pecuniary interests. For retail investors, purchases are typically more informative about insider sentiment than gifts or intra‑family transfers.