Garmin (NASDAQ: GRMN) CEO reports 2,742-share charitable gift, 138,964 owned

Rhea-AI Filing Summary

Garmin Ltd. President and CEO Clifton A. Pemble reported a charitable stock gift. On 12/10/2025, he transferred 2,742 Garmin registered shares as a gift, with a reported price of $0 per share, indicating no sale proceeds. After this transaction, he beneficially owned 138,964 Garmin shares.

The reported holdings include 74,367 unvested shares from previously granted restricted stock unit awards and 80 shares acquired in June 2025 through the Garmin Ltd. Employee Stock Purchase Plan. The filing reflects a personal stock disposition by gift rather than an open-market sale, while maintaining a substantial ongoing ownership position.

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

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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^*

PEMBLE CLIFTON A

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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	12/10/2025		G(1)		2,742	D	$0	138,964(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 (i) 74,367 unvested shares acquired pursuant to previously granted restricted stock unit awards and (ii) 80 shares acquired in June 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

	/s/ Paul E. Cassat, as attorney-in-fact for Clifton A. Pemble	12/11/2025
	** 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.
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FAQ

What insider transaction did Garmin (GRMN) report in this Form 4?

The President and CEO, Clifton A. Pemble, reported gifting 2,742 Garmin registered shares on 12/10/2025, coded as a gift transaction.

Did the Garmin (GRMN) CEO sell shares for cash in this transaction?

No. The transaction was reported as a gift (code G) with a price of $0 per share, indicating no sale proceeds.

How many Garmin (GRMN) shares does the CEO own after this gift?

Following the reported gift, Clifton A. Pemble beneficially owned 138,964 Garmin shares.

What portion of the Garmin (GRMN) CEO’s holdings are unvested share awards?

His reported beneficial ownership includes 74,367 unvested shares from previously granted restricted stock unit awards.

Does the filing mention Garmin (GRMN) shares acquired through an employee plan?

Yes. The holdings include 80 shares acquired in June 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

What is the reported relationship of the insider to Garmin (GRMN)?

Clifton A. Pemble is reported as a Director and an Officer, serving as President and CEO of Garmin Ltd.