Garmin (GRMN) co-COO Patrick Desbois reports stock sales under 10b5-1 plan

Rhea-AI Filing Summary

Garmin Ltd. co-COO Patrick Desbois reported two stock sales of company shares. On January 7, 2026, he sold 2,190 registered shares at $210 per share and another 1,488 registered shares at $211 per share in open-market transactions.

These trades were executed under a Rule 10b5-1 trading plan that Desbois adopted on August 1, 2025, which is designed to pre-arrange sales. After the reported transactions, he beneficially owned 61,798 registered shares, which the filing notes includes 24,345 unvested shares from previously granted restricted stock unit awards.

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
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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).

X

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^*

Desbois Patrick

(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)
	co-COO

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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

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	01/07/2026		S(1)		2,190	D	$210	63,286(2)	D
Registered Shares	01/07/2026		S(1)		1,488	D	$211	61,798(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. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 1, 2025.

2. Includes 24,345 unvested shares acquired pursuant to previously granted restricted stock unit awards.

	/s/ Paul E. Cassat, as attorney-in-fact for Patrick Desbois	01/09/2026
	** 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 insider transaction did Garmin (GRMN) disclose for Patrick Desbois?

The filing shows that co-COO Patrick Desbois reported two open-market sales of Garmin Ltd. registered shares on January 7, 2026.

How many Garmin (GRMN) shares did Patrick Desbois sell and at what prices?

He sold 2,190 registered shares at $210 per share and 1,488 registered shares at $211 per share on January 7, 2026.

Was the Garmin (GRMN) insider sale by Patrick Desbois under a Rule 10b5-1 plan?

Yes. The filing states the transactions were made pursuant to a Rule 10b5-1 trading plan adopted by Patrick Desbois on August 1, 2025.

How many Garmin (GRMN) shares does Patrick Desbois own after these transactions?

After the reported sales, Patrick Desbois beneficially owned 61,798 registered shares of Garmin Ltd.

Does Patrick Desbois’ reported Garmin (GRMN) ownership include unvested RSUs?

Yes. The filing explains that his beneficial ownership total includes 24,345 unvested shares acquired through previously granted restricted stock unit awards.

What is Patrick Desbois’ role at Garmin (GRMN) according to this filing?

The report lists Patrick Desbois as an officer of Garmin Ltd., serving as co-COO.