[Form 4/A] Garmin Ltd Amended Insider Trading Activity

Rhea-AI Filing Summary

Garmin Ltd (GRMN) insider amendment reports a charitable gift and corrects a prior omission. The filing by Min H. Kao, Executive Chairman and director, amends a Form 4 initially filed 08/29/2025 to add registered shares inadvertently omitted. The amended disclosure shows a disposition of 25,200 registered shares on 08/29/2025 coded G(1) (gift to a charitable organization) at a reported price of $0. Following the reported transactions, Mr. Kao beneficially owns 11,950,619 shares indirectly and directly holds an additional 6,242,981 registered shares reported on the form. The amendment was signed by an attorney-in-fact on 09/02/2025.

Insights

Corporate Governance Expert

TL;DR: Routine insider disclosure correcting an omission and reporting a charitable gift; not materially altering ownership control.

The amendment corrects an earlier filing by adding a block of registered shares and reports a gift of 25,200 shares. This is a standard Section 16 disclosure practice to maintain transparency and compliance. The filing does not indicate any sale for proceeds, no change in exercised derivatives, and no change in executive role. For governance review, the disclosure demonstrates timely remediation of an omission and transparency about transfers to charity, which typically poses low governance risk.

Securities Analyst

TL;DR: Report shows a small disposition via charitable gift and a corrective amendment; immaterial to Garmin's capitalization.

From a market perspective, the 25,200-share gift at $0 is a non-cash disposition that reduces the reporting person’s holdings marginally relative to total outstanding shares. The amended inclusion of 6,242,981 registered shares corrects the record but does not signal a liquidity event or change in insider alignment. No derivative activity or priced transactions are reported, limiting immediate market impact.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KAO MIN H

(Last) (First) (Middle)

1200 E. 151ST ST.

(Street)

OLATHE KS 66062

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GARMIN LTD [ GRMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/29/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Registered Shares	08/29/2025		G(1)		25,200	D	$0	11,950,619	I	By Children
Registered Shares								6,242,981(2)	I	By M&F Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares gifted to a charitable organization.

2. This Form 4/A is being filed solely to include the holding of Registered Shares reported on this Row 2 of Table I, which holding was inadvertently omitted from the original Form 4 filed by the reporting person on August 29, 2025.

	/s/ Paul E. Cassat, as attorney-in-fact for Min H. Kao	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Min H. Kao report on the Form 4/A for GRMN?

The amendment reports a disposition of 25,200 registered shares on 08/29/2025 coded G(1) (a gift to a charitable organization) and adds previously omitted holdings.

How many shares does Min H. Kao beneficially own after the reported transactions?

The filing shows 11,950,619 shares beneficially owned following the reported transactions and separately lists 6,242,981 registered shares included on the amended row.

Was there any cash sale or priced transaction reported in the Form 4/A?

No. The disposition of 25,200 shares is reported at a price of $0, consistent with a charitable gift; no priced sales or purchases are shown.

Why was this Form 4 amended?

The filer states the amendment was filed solely to include holdings that were inadvertently omitted from the original Form 4 filed on August 29, 2025.

Who signed the amended Form 4 and when?

The amendment was signed by Paul E. Cassat, as attorney-in-fact for Min H. Kao on 09/02/2025.