Garmin (GRMN) executive reports 877-share RSU tax withholding on Form 4

Rhea-AI Filing Summary

Garmin Ltd. executive Sean Biddlecombe, Managing Director EMEA, reported a tax-related share withholding tied to vesting restricted stock units. On this Form 4, 877 registered shares were disposed of at $251.99 per share to cover a tax liability when 1,863 previously granted RSU shares vested and were paid to him. After this withholding, he directly owns 7,007 registered shares, which include 3,107 unvested shares from earlier RSU awards.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Biddlecombe Sean

Role Managing Director, EMEA

Type	Security	Shares	Price	Value
Tax Withholding	Registered Shares	877	$251.99	$221K

Holdings After Transaction: Registered Shares — 7,007 shares (Direct)

Footnotes (1)

1. 1,863 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 877 shares were withheld to pay a resulting tax liability. Includes 3,107 unvested shares acquired pursuant to previously granted restricted stock unit awards.

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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^*

Biddlecombe Sean

(Last) (First) (Middle)

LIBERTY HOUSE

HOUNSDOWN BUSINESS PARK

(Street)

SOUTHAMPTON X0 SO409LR

(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)
	Managing Director, EMEA

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		F		877(1)	D	$251.99	7,007(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. 1,863 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 877 shares were withheld to pay a resulting tax liability.

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 Biddlecombe	02/27/2026
	** 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.

FAQ

What insider transaction did Garmin (GRMN) report for Sean Biddlecombe?

Garmin reported that executive Sean Biddlecombe had 877 registered shares withheld to satisfy taxes on vested restricted stock units. These shares were not an open-market sale but a tax-withholding disposition related to 1,863 RSU shares that vested and were delivered.

How many Garmin (GRMN) shares were involved in Sean Biddlecombe’s Form 4?

The filing shows 877 registered shares disposed of at $251.99 per share for tax withholding purposes. This was part of a larger vesting event where 1,863 shares from previously granted restricted stock unit awards vested and were paid to him.

Did Sean Biddlecombe sell Garmin (GRMN) shares on the open market?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. 877 shares were withheld to pay a resulting tax liability when 1,863 restricted stock unit shares vested and were delivered under prior equity awards.

How many Garmin (GRMN) shares does Sean Biddlecombe own after this transaction?

After the tax-withholding disposition, Sean Biddlecombe directly owns 7,007 registered shares of Garmin. This amount includes 3,107 unvested shares that he previously acquired through restricted stock unit awards which remain subject to vesting conditions.

What does transaction code F mean in the Garmin (GRMN) Form 4?

Transaction code F indicates payment of an exercise price or tax liability using securities. In this case, 877 Garmin registered shares were withheld from Sean Biddlecombe’s vested RSU payout to satisfy a tax obligation tied to the 1,863 vested shares.