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Garmin Ltd. (NYSE: GRMN) executive sells 986 shares in July 2026

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Garmin Ltd. (GRMN) reporting person Sean Biddlecombe, Managing Director, EMEA, sold 986 Registered Shares on July 31, 2026 at a weighted average price of $292.8795 per share, through multiple trades between $292.62 and $293.26. After this sale, he directly holds 6,021 shares, including 3,107 unvested shares from restricted stock unit awards. The filing indicates the trade was not made under a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.
Insider Biddlecombe Sean
Role Managing Director, EMEA
Sold 986 shs ($289K)
Type Security Shares Price Value
Sale Registered Shares F1, F2 986 $292.8795 $289K
Holdings After Transaction: Registered Shares — 6,021 shares (Direct)
Footnotes (2)
  1. F1. This transaction was executed in multiple trades at prices ranging from $292.62 to $293.26. 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.
  2. F2. Includes 3,107 unvested shares acquired pursuant to previously granted restricted stock unit awards.
Shares sold 986 shares Registered Shares sold on July 31, 2026
Weighted average sale price $292.8795 per share Sale of 986 Registered Shares
Trade price range $292.62–$293.26 per share Multiple trades comprising the July 31, 2026 sale
Shares held after transaction 6,021 shares Direct holdings following the July 31, 2026 sale
Unvested shares included in holdings 3,107 shares Unvested shares from restricted stock unit awards within post-transaction holdings
Registered Shares financial
"security_title: "Registered Shares" for the equity sold"
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.
restricted stock unit awards financial
"unvested shares acquired pursuant to previously granted restricted stock unit awards"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."

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

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FAQ

What insider transaction did Garmin (GRMN) report for Sean Biddlecombe?
Garmin reported that Sean Biddlecombe, Managing Director, EMEA, sold 986 Registered Shares on July 31, 2026. The sale was executed in multiple trades and left him with 6,021 shares, including unvested shares from restricted stock unit awards.

At what price did Sean Biddlecombe sell Garmin (GRMN) shares?
Sean Biddlecombe sold 986 Garmin shares at a weighted average price of $292.8795 per share. The transaction was executed in multiple trades, with prices ranging from $292.62 to $293.26 during the July 31, 2026 sale.

How many Garmin (GRMN) shares does Sean Biddlecombe hold after this sale?
Following the reported sale, Sean Biddlecombe directly holds 6,021 Garmin shares. This total includes 3,107 unvested shares that were acquired through previously granted restricted stock unit awards, as disclosed in the transaction footnotes.

Were the Garmin (GRMN) shares sold by Sean Biddlecombe part of a 10b5-1 plan?
The Form 4 indicates the trade was not executed under a Rule 10b5-1 trading plan. This means the reported July 31, 2026 sale of 986 Registered Shares was not carried out pursuant to a pre-arranged automatic trading program.

What do the footnotes reveal about Sean Biddlecombe’s Garmin (GRMN) share sale?
The footnotes state the 986-share sale occurred in multiple trades between $292.62 and $293.26, with $292.8795 as the weighted average price. They also clarify that post-transaction holdings include 3,107 unvested shares from restricted stock unit awards.
SEC Form 4
FORM 4UNITED 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*
Biddlecombe Sean
(Last)(First)(Middle)
LIBERTY HOUSE
HOUNSDOWN BUSINESS PARK
(Street)
SOUTHAMPTONSO409LR
(City)(State)(Zip)
UNITED KINGDOM
(Country)		2. Issuer Name and Ticker or Trading Symbol
GARMIN LTD [ GRMN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Managing Director, EMEA
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Registered Shares07/31/2026S986D$292.8795(1)6,021(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This transaction was executed in multiple trades at prices ranging from $292.62 to $293.26. 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.
2. Includes 3,107 unvested shares acquired pursuant to previously granted restricted stock unit awards.
/s/ Paul E. Cassat, as attorney-in-fact for Sean Biddlecombe07/31/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR