GRMN Insider Amendment Adds Footnote, Discloses 21,549 Unvested RSUs

Rhea-AI Filing Summary

Garmin Ltd (GRMN) insider amendment reports a small gift of shares and clarifies holdings. The reporting person, an executive and managing director in aviation, disposed of 440 registered shares as a gift to a charitable organization, and after the transaction beneficial ownership is listed as 96,694.5 shares. The disclosure clarifies that this total includes 21,549 unvested shares acquired under previously granted restricted stock units. The amendment was filed solely to add the omitted footnote explaining the unvested RSUs; no other transactions or derivative positions are reported.

Positive

• Amendment improves disclosure by adding an omitted footnote clarifying the composition of beneficial ownership
• Transparency about unvested RSUs: reporting that 21,549 shares are unvested restricted stock units clarifies which shares are subject to vesting

Negative

• None.

Insights

Financial Analyst

TL;DR: Minor share gift reduced direct holdings; amendment improves disclosure accuracy without material impact.

The 440-share disposition as a charitable gift is immaterial relative to total reported beneficial ownership of 96,694.5 shares and the 21,549 unvested restricted stock units. The amendment corrects an omitted footnote identifying unvested RSUs, which enhances transparency about what portion of the holding is subject to vesting conditions. No options, conversions, or additional sales/purchases are reported, so there is no immediate change to voting power or cash position from this filing.

Corporate Governance Expert

TL;DR: Amendment addresses disclosure completeness; governance implications are limited.

Restating beneficial ownership to include previously omitted unvested RSUs reduces ambiguity about the executive's immediate economic and voting interest. The charitable gift is a routine, non-compensatory disposition and does not reflect a change in control or a material shift in alignment with shareholders. The corrected Form 4/A demonstrates adherence to reporting obligations and improves the accuracy of public records.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Straub Philip

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Man. Director - Aviation

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/11/2025

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	08/08/2025		G(1)		440	D	$0	96,694.5(2)	D

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. Includes 21,549 unvested shares acquired pursuant to previously granted restricted stock unit awards.

Remarks:

This Form 4/A is being filed solely to include footnote 2, which footnote was inadvertently omitted from the original Form 4 filed by the reporting person on August 11, 2025.

	/s/ Paul E. Cassat, as attorney-in-fact for Philip Straub	08/27/2025
	** 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 transaction did the Garmin (GRMN) reporting person disclose?

The reporting person disposed of 440 registered shares as a gift to a charitable organization.

How many shares does the reporting person beneficially own after the reported transaction?

Beneficial ownership is reported as 96,694.5 shares following the disclosed transaction.

Does the filing show any unvested restricted stock units for the reporting person?

Yes. The total beneficial ownership includes 21,549 unvested shares

Was this filing a correction or an original disclosure?

This submission is an amendment filed solely to include an omitted footnote explaining the unvested RSUs; no other changes were reported.

Are there any derivative securities or option transactions reported?

No derivative securities, options, or convertible transactions are reported in the provided content.