Garmin officer plans $3M share sale on NYSE

Garmin Ltd (symbol GRMN) received a notice that officer Cheng-Wei Wang plans to sell up to 9,941 Garmin common shares under Rule 144, through UBS Financial Services Inc. The planned sale has an aggregate market value of about $2,975,418.74.

Rhea-AI Filing Summary

Garmin Ltd (symbol GRMN) received a notice that officer Cheng-Wei Wang plans to sell up to 9,941 Garmin common shares under Rule 144, through UBS Financial Services Inc. The planned sale has an aggregate market value of about $2,975,418.74. Garmin reports 192,852,536 common shares outstanding, a baseline figure, not the amount being sold. The shares derive from performance stock releases granted between 2021 and 2024.

Key Figures

Shares to be sold: 9,941 shares Aggregate market value: $2,975,418.74 Shares outstanding: 192,852,536 shares +4 more

7 metrics

Shares to be sold 9,941 shares Common shares of Garmin Ltd covered by the Rule 144 notice

Aggregate market value $2,975,418.74 Approximate market value of the 9,941 shares to be sold

Shares outstanding 192,852,536 shares Garmin common shares outstanding as referenced in the Form 144

Performance stock release 2021 2,897 shares Common shares acquired on 02/25/2021 via performance stock release

Performance stock release 2022 2,919 shares Common shares acquired on 02/25/2022 via performance stock release

Performance stock release 2023 2,919 shares Common shares acquired on 02/25/2023 via performance stock release

Performance stock release 2024 1,206 shares Common shares acquired on 02/25/2024 via performance stock release

Key Terms

Rule 144, performance stock release, attorney-in-fact

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

performance stock release financial

"common | 02/25/2021 | performance stock release | issuer"

attorney-in-fact regulatory

"as attorney-in-fact for Cheng-Wei Wang"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing mean for Garmin Ltd (GRMN)?

The Form 144 indicates that officer Cheng-Wei Wang plans to sell up to 9,941 Garmin common shares under Rule 144. It is a notice of a potential resale, not an issuance of new shares by Garmin.

How many Garmin (GRMN) shares are planned to be sold and what is their value?

The filing lists a planned sale of 9,941 Garmin common shares with an aggregate market value of about $2,975,418.74. This reflects the approximate market value of the shares covered by the notice at the time of the filing.

Who is selling Garmin (GRMN) shares under this Form 144 notice?

The planned sale is for the account of Cheng-Wei Wang, an officer of Garmin Ltd. UBS Financial Services Inc is listed as the broker, and the notice is signed by UBS as attorney-in-fact for Cheng-Wei Wang.

What is the source of the Garmin (GRMN) shares being sold under Rule 144?

The 9,941 Garmin shares come from performance stock releases from the issuer on 02/25/2021, 02/25/2022, 02/25/2023, and 02/25/2024. Each grant contributed a portion of the shares now covered by the planned sale.

How many Garmin (GRMN) shares are outstanding compared with the shares to be sold?

Garmin reports 192,852,536 common shares outstanding, while the Form 144 covers 9,941 shares. The outstanding share count provides context and is not the amount being sold in this planned transaction.

On which exchange are the Garmin (GRMN) shares in this Form 144 expected to trade?

The Form 144 lists the NYSE as the exchange for the 9,941 Garmin common shares covered by the notice. The filing serves as an advance notice of potential sales on that exchange under Rule 144.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 03:29 PM Accepted by SEC EDGAR 08/18/2026 - 03:29 PM Learn about SEC filing dates

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	0001763986
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Garmin Ltd
SEC File Number	001-41118
Address of Issuer	Muhlentalstrasse 36/38 Schaffhausen SWITZERLAND 8200
Phone	913-440-6455
Name of Person for Whose Account the Securities are To Be Sold	Cheng-Wei Wang
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	Officer

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	9941	2975418.74	192852536	08/18/2026	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			2897	02/25/2021	n/a
common	02/25/2022	performance stock release	issuer			2919	02/25/2022	n/a
common	02/25/2023	performance stock release	issuer			2919	02/25/2023	n/a
common	02/25/2024	performance stock release	issuer			1206	02/25/2024	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	08/18/2026
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	/s/Mijo Suric, for UBS Financial Services Inc, as attorney-in-fact for Cheng-Wei Wang
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)