Garmin Ltd (NYSE: GRMN) CEO sells 4,029 shares at $300 under 10b5-1 plan

Rhea-AI Filing Summary

Garmin Ltd. director, President and CEO Clifton A. Pemble reported selling 4,029 registered shares of Garmin on July 29, 2026 at $300.00 per share in a sale described as an open market or private transaction, carried out pursuant to a Rule 10b5-1 trading plan adopted on March 3, 2026.

Following this transaction, Pemble directly holds 120,127 Garmin shares, which include 62,180 unvested shares from previously granted restricted stock unit awards and 81 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan. He also notes no longer having a reportable beneficial interest in 255 shares owned by his child that were included in prior reports.

Insider Trade Summary 10b5-1

Net Seller: 4,029 shares

Net Sell 1 txn

Insider PEMBLE CLIFTON A

Role President and CEO

Sold 4,029 shs ($1.21M)

Type	Security	Shares	Price	Value
Sale	Registered Shares F1, F2	4,029	$300.00	$1.21M

Holdings After Transaction: Registered Shares — 120,127 shares (Direct)

Footnotes (2)

1. F1. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2026.
2. F2. Includes 62,180 unvested shares acquired pursuant to previously granted restricted stock unit awards and 81 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.

Key Figures

Shares sold: 4,029 shares Sale price per share: $300.00 per share Shares held after transaction: 120,127 shares +3 more

6 metrics

Shares sold 4,029 shares Registered shares sold by Clifton A. Pemble on July 29, 2026

Sale price per share $300.00 per share Price for 4,029 registered shares sold

Shares held after transaction 120,127 shares Direct holdings of Clifton A. Pemble following the sale

Unvested RSU shares included 62,180 shares Unvested shares from restricted stock unit awards included in post-transaction holdings

ESPP shares included 81 shares Shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan

Child’s shares no longer reportable 255 shares Shares owned by child in which the reporting person no longer has a reportable beneficial interest

Key Terms

Rule 10b5-1 trading plan, restricted stock unit, Employee Stock Purchase Plan, beneficial interest

4 terms

Rule 10b5-1 trading plan regulatory

"Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock unit financial

"Includes 62,180 unvested shares acquired pursuant to previously granted restricted stock unit awards"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Employee Stock Purchase Plan financial

"81 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

beneficial interest regulatory

"no longer has a reportable beneficial interest in 255 shares owned by his child"

Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/31/2026 - 06:30 PM Accepted by SEC EDGAR 07/31/2026 - 06:30 PM Learn about SEC filing dates

FAQ

What insider transaction did Garmin Ltd (GRMN) report for CEO Clifton Pemble?

Garmin CEO Clifton A. Pemble reported selling 4,029 registered shares of Garmin on July 29, 2026 at $300.00 per share. The sale is described as an open market or private transaction under a pre-arranged Rule 10b5-1 trading plan.

How many Garmin (GRMN) shares does the CEO hold after this Form 4 sale?

After the reported sale, Clifton A. Pemble directly holds 120,127 Garmin shares. This figure includes 62,180 unvested shares from restricted stock unit awards and 81 shares acquired in June 2026 under the Employee Stock Purchase Plan.

Was the Garmin (GRMN) CEO’s 4,029-share sale made under a Rule 10b5-1 plan?

Yes. The filing states the 4,029-share sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2026, indicating the trades followed a pre-arranged schedule.

What price did Garmin (GRMN) CEO Clifton Pemble receive per share in this transaction?

The Form 4 reports a sale of 4,029 registered shares at a price of $300.00 per share. The transaction is coded as a sale in an open market or private transaction, with the price specified on a per-share basis.

What unvested equity and ESPP holdings does the Garmin (GRMN) CEO report?

Within his 120,127 total shares, Clifton A. Pemble’s holdings include 62,180 unvested shares from previously granted restricted stock unit awards and 81 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan, according to the Form 4 footnote.

What does the Garmin (GRMN) Form 4 say about the CEO’s prior beneficial interest in his child’s shares?

The remarks explain that Clifton A. Pemble no longer has a reportable beneficial interest in 255 shares owned by his child. These 255 shares had been included in his prior ownership reports but are no longer reported as his beneficial holdings.

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).

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^*

PEMBLE CLIFTON A

(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)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2026

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	07/29/2026		S(1)		4,029	D	$300	120,127(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 March 3, 2026.

2. Includes 62,180 unvested shares acquired pursuant to previously granted restricted stock unit awards and 81 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.

Remarks:

The reporting person no longer has a reportable beneficial interest in 255 shares owned by his child and included in the reporting person's prior ownership reports.

	/s/ Paul E. Cassat, as attorney-in-fact for Clifton A. Pemble	07/31/2026
	** 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)