Form 144 filed for GRMN: UBS to handle 1,718-share sale

Rhea-AI Filing Summary

Form 144 notice of proposed sale of securities by an insider of Garmin Ltd (GRMN). The filing reports a proposed sale of 1,718 common shares with an aggregate market value of $395,140, to be executed on the NYSE through UBS Financial Services Inc.

The securities were acquired in two stock releases: 342 shares from a performance stock release on 02/25/2021 and 1,376 shares from a restricted stock release on 12/15/2020. The issuer's reported shares outstanding are 192,493,945. The filer reports no securities sold in the past three months and makes the required representation that they are not aware of any material nonpublic information about the issuer.

Positive

• Regulatory compliance: Insider filed a Form 144, demonstrating adherence to Rule 144 disclosure requirements.
• No recent sales: The filing states "Nothing to Report" for securities sold during the past three months.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine Form 144 disclosing a small insider sale; no recent related sales reported.

The filing documents a proposed sale of 1,718 common shares via UBS on the NYSE, with an aggregate market value of $395,140. The shares were acquired in two stock releases in 2020 and 2021. The filing also states no sales in the prior three months, and lists total outstanding shares of 192,493,945. From a market-impact perspective, the disclosed amount appears limited relative to the issuer's outstanding shares and reads as a routine insider monetization disclosure rather than a material corporate development.

Corporate Governance Expert

TL;DR: The Form 144 shows compliance with disclosure rules and includes the standard insider attestation.

The filer provided the required particulars: broker (UBS Financial Services), planned sale date (listed for 08/11/2025), acquisition dates and types (performance and restricted stock releases), and a certification about material nonpublic information. This completeness supports regulatory transparency. The notice contains no indication of accelerated or aggregated sales that would signal an unusual governance concern.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
common	UBS Financial Services Inc 1000 Harbor Blvd 3rd Floor Weehawken NJ 07086	1718	395140	192493945	08/11/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
common	02/25/2021	performance stock release	issuer			342	02/25/2021	n/a
common	12/15/2020	restricted stock release	issuer			1376	12/15/2020	n/a

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Garmin's (GRMN) Form 144 disclose?

The Form 144 discloses a proposed sale of 1,718 common shares with an aggregate market value of $395,140 to be sold on the NYSE through UBS Financial Services.

When is the proposed sale scheduled according to the filing?

The filing lists the approximate date of sale as 08/11/2025.

How were the shares being sold originally acquired?

The securities were acquired in two releases: 342 shares from a performance stock release on 02/25/2021 and 1,376 shares from a restricted stock release on 12/15/2020.

Has the filer sold Garmin shares in the past three months?

No. The Form 144 states "Nothing to Report" under securities sold during the past three months.

How many Garmin shares are reported outstanding in the filing?

The filing reports 192,493,945 shares outstanding for the issuer.