Garmin (GRMN) Executive Chairman-linked entities gift 11,005 shares to charity

Rhea-AI Filing Summary

Garmin Ltd.'s Executive Chairman Min H. Kao reported charitable gifts of Garmin registered shares held indirectly. On June 11, 2026, entities associated with him made three bona fide gift transfers totaling 11,005 registered shares, including 4,235 shares held by the M&F Trust and two gifts of 3,385 shares each held "By Children." These shares were gifted to a charitable organization and involved no sale proceeds, with a reported transaction price of $0.00 per share. After the gifts, the filing shows indirect holdings of 6,226,093 registered shares for the M&F Trust and 11,927,217 and 11,930,602 registered shares in the two Children accounts, indicating substantial remaining positions.

Insider Trade Summary

11,005 shares gifted

Mixed 3 txns

Insider KAO MIN H

Role Executive Chairman

Type	Security	Shares	Price	Value
Gift	Registered Shares	3,385	$0.00	--
Gift	Registered Shares	3,385	$0.00	--
Gift	Registered Shares	4,235	$0.00	--

Holdings After Transaction: Registered Shares — 11,930,602 shares (Indirect, By Children)

Footnotes (1)

1. [object Object]

Key Figures

Total shares gifted: 11,005 registered shares Gift from M&F Trust: 4,235 registered shares Each Children account gift: 3,385 registered shares +4 more

7 metrics

Total shares gifted 11,005 registered shares Bona fide gifts on June 11, 2026

Gift from M&F Trust 4,235 registered shares Indirect holding "By M&F Trust"

Each Children account gift 3,385 registered shares Two indirect holdings "By Children"

M&F Trust holdings after gifts 6,226,093 registered shares Indirect ownership following transaction

Children account holdings after gift 1 11,927,217 registered shares Indirect ownership following transaction

Children account holdings after gift 2 11,930,602 registered shares Indirect ownership following transaction

Reported transaction price $0.00 per share Bona fide gifts to charitable organization

Key Terms

bona fide gift, Registered Shares, indirect ownership, charitable organization

4 terms

bona fide gift financial

"transaction_code_description: "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Registered Shares financial

"security_title: "Registered Shares" for each transaction"

Shares that are recorded by name in a company’s official shareholder register, so the company knows exactly who owns them and must update its records when they change hands. For investors this matters because registered shares make it easier to receive dividends, vote at meetings and prove ownership—like having a named entry in an address book rather than an anonymous ticket—reducing confusion and improving legal and tax transparency.

indirect ownership financial

"ownership_type: "indirect" and nature_of_ownership "By M&F Trust" and "By Children""

charitable organization financial

"Footnote: "Shares gifted to a charitable organization.""

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Form 4 Insider Transactions: What Each Field Means →

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^*

KAO MIN H

(Last) (First) (Middle)

1200 E. 151ST ST.

(Street)

OLATHE KANSAS 66062

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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

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

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

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	06/11/2026		G(1)		3,385	D	$0	11,930,602	I	By Children
Registered Shares	06/11/2026		G(1)		3,385	D	$0	11,927,217	I	By Children
Registered Shares	06/11/2026		G(1)		4,235	D	$0	6,226,093	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.

	/s/ Paul E. Cassat, as attorney-in-fact for Min H. Kao	06/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Garmin (GRMN) disclose for Min H. Kao?

Garmin (GRMN) disclosed that entities associated with Executive Chairman Min H. Kao made bona fide gifts of Garmin registered shares. These were charitable transfers, not market sales, and were reported as indirect transactions on behalf of related entities.

How many Garmin (GRMN) shares were gifted in this Form 4 filing?

The Form 4 reports 11,005 registered shares of Garmin (GRMN) gifted in total. This includes 4,235 shares from the M&F Trust and two separate gifts of 3,385 shares each from accounts identified as held "By Children."

Were the Garmin (GRMN) insider gifts made at a specific share price?

No sale price applied because these Garmin (GRMN) transactions were bona fide gifts. The filing lists a transaction price of $0.00 per share, reflecting that the shares were transferred to a charitable organization without consideration.

Who actually held the Garmin (GRMN) shares involved in the gifts?

The gifted Garmin (GRMN) shares were held indirectly through related entities. One block was held "By M&F Trust," and two blocks were held "By Children," with Min H. Kao reporting these as indirect ownership positions.

How many Garmin (GRMN) shares remain after the reported gifts?

After the gifts, the filing shows 6,226,093 registered shares remaining for the M&F Trust and 11,927,217 and 11,930,602 registered shares in the two Children accounts. These figures indicate substantial ongoing indirect holdings in Garmin (GRMN).

Do these Garmin (GRMN) insider gifts signal an open-market sale?

No. The Form 4 classifies the Garmin (GRMN) transactions with code G, described as a bona fide gift. The footnote specifies the shares were gifted to a charitable organization, so they do not represent open-market selling activity.