Garmin EVP sells 5,275 shares in open market

Garmin Ltd. executive Matthew Munn reported multiple stock transactions involving company registered shares.

Rhea-AI Filing Summary

Garmin Ltd. executive Matthew Munn reported multiple stock transactions involving company registered shares. On February 26, 2026, he completed two open-market sales totaling 5,275 shares at weighted average prices of $250.8997 and $251.5226 per share, leaving 9,876–10,476 shares held directly after these sales as reported in the line items.

On February 25, 2026, 4,972 shares from previously granted restricted stock unit awards vested and were delivered, with 1,591 shares withheld to cover tax liabilities through a disposition at $251.99 per share. The holdings also include 9,638 unvested shares from earlier restricted stock unit awards.

Insider Trade Summary

Net Seller: 5,275 shares

Net Sell 3 txns

Insider Munn Matthew

Role EVP, Man. Director - Auto OEM

Sold 5,275 shs ($1.32M)

Type	Security	Shares	Price	Value
Sale	Registered Shares	4,675	$250.8997	$1.17M
Sale	Registered Shares	600	$251.5226	$151K
Exercise Price or Tax Liability	Registered Shares	1,591	$251.99	$401K

Holdings After Transaction: Registered Shares — 9,876 shares (Direct)

Footnotes (4)

1. F1. 4,972 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, 1,591 shares were withheld to pay a resulting tax liability.
2. F2. Includes 9,638 unvested shares acquired pursuant to previously granted restricted stock unit awards.
3. F3. This transaction was executed in multiple trades at prices ranging from $250.49 to $251.45. 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.
4. F4. This transaction was executed in multiple trades at prices ranging from $251.495 to $251.62. 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.

FAQ

What insider transactions did Matthew Munn report at Garmin (GRMN)?

Matthew Munn, a Garmin executive, reported two open-market sales totaling 5,275 shares on February 26, 2026, plus a tax-withholding disposition of 1,591 shares linked to restricted stock unit vesting on February 25, 2026.

At what prices did the Garmin (GRMN) insider stock sales occur?

The reported Garmin insider sales occurred at weighted average prices of $250.8997 and $251.5226 per share on February 26, 2026. A separate tax-withholding disposition related to RSU vesting was reported at $251.99 per share on February 25, 2026.

How many Garmin (GRMN) shares did Matthew Munn sell in the open market?

Matthew Munn reported selling 4,675 shares at a weighted average price of $250.8997 and an additional 600 shares at $251.5226 on February 26, 2026, for a total open-market sale of 5,275 shares.

What portion of Garmin (GRMN) RSU shares were withheld for taxes?

Out of 4,972 shares that vested from previously granted restricted stock unit awards, 1,591 shares were withheld to pay resulting tax liabilities. The remaining vested shares were delivered to the reporting person as part of the RSU settlement.

How many Garmin (GRMN) shares remain unvested from Matthew Munn’s RSUs?

The filing notes that Matthew Munn’s holdings include 9,638 unvested shares acquired through previously granted restricted stock unit awards. These unvested RSU shares represent potential future share deliveries, subject to vesting conditions described in the underlying award agreements.

What is the nature of the Form 4 tax-withholding transaction for Garmin (GRMN)?

The Form 4 describes a tax-withholding disposition of 1,591 shares under transaction code F. This indicates shares were withheld and delivered to cover taxes arising from the vesting of restricted stock unit awards, rather than an ordinary open-market sale.

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Accepted by SEC EDGAR 02/27/2026 - 06:00 PM Learn about SEC filing dates

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^*

Munn Matthew

(Last) (First) (Middle)

28125 CABOT DRIVE

SUITE 120

(Street)

NOVI MI 48377

(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)
	EVP, Man. Director - Auto OEM

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		1,591(1)	D	$251.99	15,151(2)	D
Registered Shares	02/26/2026		S		4,675	D	$250.8997(3)	10,476(2)	D
Registered Shares	02/26/2026		S		600	D	$251.5226(4)	9,876(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. 4,972 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, 1,591 shares were withheld to pay a resulting tax liability.

2. Includes 9,638 unvested shares acquired pursuant to previously granted restricted stock unit awards.

3. This transaction was executed in multiple trades at prices ranging from $250.49 to $251.45. 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.

4. This transaction was executed in multiple trades at prices ranging from $251.495 to $251.62. 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 Matthew Munn	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.