Boessen Douglas G. 4

What Happened

• Douglas G. Boessen, CFO and Treasurer of Garmin Ltd. (GRMN), sold 479 shares in an open-market transaction on 2026-02-13 at $215.41 per share, generating proceeds of $103,181. The sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Boessen on March 3, 2025.

Key Details

• Transaction date and price: 2026-02-13 at $215.41 per share
• Shares sold / proceeds: 479 shares; $103,181 total
• Plan / footnote: Sale executed under a Rule 10b5-1 plan (adopted March 3, 2025)
• Holdings note: Filing indicates holdings include 17,717 unvested RSUs and 51 shares from the Garmin ESPP (Dec 2025); the filing did not state a total beneficial-ownership post-transaction
• Timeliness: Transaction reported on Form 4 filed 2026-02-17 (transaction dated 2026-02-13) — outside the typical two-business-day reporting window (filing marked late)

Context

• This was a scheduled sale under a pre-established 10b5-1 plan, which is commonly used to execute trades regardless of short-term insider knowledge. Sales under such plans are often routine and do not by themselves indicate the insider’s view on the company.