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Garmin (NYSE: GRMN) insider to sell 9,941 shares from performance awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

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.

Positive

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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
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

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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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR