Form 4: GRMN EVP Straub reports 440-share charitable gift

Rhea-AI Filing Summary

Philip Straub, an officer of Garmin Ltd (GRMN) serving as EVP, Man. Director - Aviation, reported a transaction on Form 4 dated 08/08/2025. The filing shows a transaction coded G with an explanation that shares were gifted to a charitable organization. The record lists 440 registered shares transferred at a reported price of $0, and reports 96,694.5 shares beneficially owned following the transaction, held directly.

The Form 4 was signed on behalf of Straub by attorney-in-fact Paul E. Cassat on 08/11/2025. Straub's address is listed in Olathe, KS, the filing was submitted by one reporting person, and no derivative securities transactions are reported on this Form 4.

Insights

Financial Analyst

TL;DR: Routine executive charitable gift; modest direct share reduction with no derivatives reported.

The Form 4 documents a G coded transaction dated 08/08/2025 where 440 registered shares were gifted to a charitable organization, recorded at $0. Post-transaction direct beneficial ownership is reported as 96,694.5 shares. There are no derivative holdings or exercises listed, and the filing was executed by an attorney-in-fact on 08/11/2025. This appears to be a routine disclosure of a personal charitable transfer rather than a market-moving insider sale.

Corporate Governance Expert

TL;DR: Disclosure is straightforward and includes required details; transaction is a gift, not a sale.

The report identifies the reporting person as an officer (EVP, Man. Director - Aviation) and indicates the transaction code G with an explicit explanation that the shares were gifted to charity. The form shows direct ownership classification and includes signature by an attorney-in-fact (Paul E. Cassat) with dates. No other disclosures or derivative transactions are present on this filing.

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^*

Straub Philip

(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)
	EVP, Man. Director - Aviation

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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	08/08/2025		G(1)		440	D	$0	96,694.5	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.

	/s/ Paul E. Cassat, as attorney-in-fact for Philip Straub	08/11/2025
	** 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.
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 did Philip Straub report on the Form 4 for Garmin (GRMN)?

The Form 4 reports that on 08/08/2025 Straub gifted 440 registered shares (transaction code G) to a charitable organization; post-transaction holdings are 96,694.5 shares.

What does transaction code G mean on the GRMN Form 4?

Transaction code G is used in this filing and the explanation states the shares were gifted to a charitable organization.

What role does the reporting person hold at Garmin (GRMN)?

The filing identifies the reporting person as an Officer with the title EVP, Man. Director - Aviation.

When was the Form 4 signed and by whom?

The Form 4 was signed on behalf of Philip Straub by attorney-in-fact Paul E. Cassat on 08/11/2025.

Are there any derivative transactions reported for GRMN in this filing?

No. Table II for derivative securities is empty and the filing contains no derivative transactions.