Garmin (GRMN) Director Jonathan Burrell Gifts/Transfers Shares

What Happened

• Jonathan Burrell, a director of Garmin Ltd. (GRMN), reported a series of gift (code G) transactions on August 17–18, 2026. The filing shows 1,002,600 shares disposed as gifts/transfers and 777,400 shares acquired as gifts/transfers. All transactions are reported at $0.00 per share (gifts/transfers), resulting in a net decrease of 225,200 shares held by the reporting person on these dates.
• Because these were gifts/transfers (not open-market sales or purchases), no cash was received or paid. Gifts generally reflect estate planning or intra-family/trust transfers rather than a direct market sentiment signal.

Key Details

• Transaction dates: August 17, 2026 and August 18, 2026.
• Reported price: $0.00 per share for all transactions (transaction code G = Gift).
• Totals reported: 1,002,600 shares disposed; 777,400 shares acquired; net -225,200 shares.
• Shares owned after transaction: not disclosed in the filing.
• Timeliness: Form 4 filed Aug 19, 2026 for transactions through Aug 17 — filing appears timely (within the typical 2-business-day requirement).
• Notable footnotes:
  • F1: Some reported shares include 9,136 registered shares plus unvested RSUs (vest 753 shares on June 5, 2027).
  • F2–F6: Multiple disclosures that Burrell is a co-trustee/manager of various GRATs, trusts and LLCs; he disclaims beneficial ownership except to the extent of pecuniary interest. These suggest many transfers relate to trust/remainder-interest structures.

Context

• Gifts and intra-family/trust transfers are common for estate planning and do not necessarily reflect the insider’s view on the company’s near-term prospects. Unlike outright purchases, these moves are typically non-bullish signals for trading interpretation.
• Because these are gifts (not sales or purchases) and reported at $0, there is no transaction value to translate into dollar amounts on the face of the Form 4.