[Form 4] GARMIN LTD Insider Trading Activity

Rhea-AI Filing Summary

Garmin Ltd. reported insider equity activity by its CFO and Treasurer, Douglas G. Boessen. On December 15, 2025, 4,469 shares from previously granted restricted stock unit awards vested and were released, with 1,984 of those shares withheld to cover tax liabilities. That same day, he received a new grant of 4,239 restricted stock units that will vest in three equal annual installments beginning on December 15, 2026.

On December 16, 2025, Boessen sold 1,977 Garmin shares at a weighted average price of $206.1138 and 508 shares at a weighted average price of $206.8401, both under a Rule 10b5-1 trading plan adopted on March 3, 2025. Following these transactions, he directly beneficially owned 28,916 Garmin shares, including 17,717 unvested shares tied to restricted stock unit awards.

Insider Trade Summary

Net Seller: 2,485 shares ($512,562)

Net Sell 4 txns

Insider Boessen Douglas G.

Role CFO and Treasurer

Sold 2,485 shs ($513K)

Type	Security	Shares	Price	Value
Sale	Registered Shares	1,977	$206.1138	$407K
Sale	Registered Shares	508	$206.8401	$105K
Tax Withholding	Registered Shares	1,984	$207.23	$411K
Grant/Award	Registered Shares	4,239	$0.00	--

Holdings After Transaction: Registered Shares — 29,424 shares (Direct)

Footnotes (1)

1. On December 15, 2025, 4,469 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those shares, 1,984 shares were withheld to pay the resulting tax liability. Includes 13,478 unvested shares acquired pursuant to previously granted restricted stock unit awards. On December 15, 2025 the reporting person received a grant of 4,239 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2026. Includes 17,717 unvested shares acquired pursuant to the December 15, 2025 restricted stock unit award and previously granted restricted stock unit awards. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2025. This transaction was executed in multiple trades at prices ranging from $205.55 to $206.51. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range. This transaction was executed in multiple trades at prices ranging from $206.645 to $207.14. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

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).

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^*

Boessen Douglas G.

(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)
	CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		F		1,984(1)	D	$207.23	27,162(2)	D
Registered Shares	12/15/2025		A		4,239(3)	A	$0	31,401(4)	D
Registered Shares	12/16/2025		S(5)		1,977	D	$206.1138(6)	29,424(4)	D
Registered Shares	12/16/2025		S(5)		508	D	$206.8401(7)	28,916(4)	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. On December 15, 2025, 4,469 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those shares, 1,984 shares were withheld to pay the resulting tax liability.

2. Includes 13,478 unvested shares acquired pursuant to previously granted restricted stock unit awards.

3. On December 15, 2025 the reporting person received a grant of 4,239 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2026.

4. Includes 17,717 unvested shares acquired pursuant to the December 15, 2025 restricted stock unit award and previously granted restricted stock unit awards.

5. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2025.

6. This transaction was executed in multiple trades at prices ranging from $205.55 to $206.51. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

7. This transaction was executed in multiple trades at prices ranging from $206.645 to $207.14. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

	/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen	12/17/2025
	** 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).
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