Min H. Kao (GRMN) donates 14,760 Garmin shares in charitable gifts

Rhea-AI Filing Summary

GARMIN LTD Executive Chairman Min H. Kao reported charitable gifts of company stock. On May 22, 2026, entities associated with Kao made bona fide gifts totaling 14,760 Registered Shares of Garmin common stock. These were indirect holdings, attributed to the M&F Trust and accounts held for his children.

The gifts were made at no stated price and, according to a footnote, the shares were donated to a charitable organization. These are not open-market sales and do not reflect trading activity in Garmin shares. Each related account continues to report multi-million-share indirect holdings after the transactions.

Insights

Insider transactions analyst

Routine charitable gifts of Garmin shares with no open-market selling.

Min H. Kao, Executive Chairman of GARMIN LTD, reported four Form 4 transactions coded "G" for bona fide gifts of Registered Shares on May 22, 2026. In total, entities linked to him donated 14,760 shares that were held indirectly.

The gifts were made via the M&F Trust and accounts held "By Children," and a footnote states the shares were gifted to a charitable organization. Because these are non-market transfers at a reported price of $0.00 per share, they carry little informational value about Kao’s view of the stock.

Post-transaction figures such as 6,230,328 and 11,938,153 indirectly held shares indicate that associated accounts still hold substantial Garmin positions after the gifts. Overall, these moves look like philanthropic estate or wealth planning rather than a change in investment stance, so the impact on shareholders is neutral.

Insider Trade Summary

14,760 shares gifted

Mixed 4 txns

Insider KAO MIN H

Role Executive Chairman

Type	Security	Shares	Price	Value
Gift	Registered Shares	4,166	$0.00	--
Gift	Registered Shares	4,166	$0.00	--
Gift	Registered Shares	4,345	$0.00	--
Gift	Registered Shares	2,083	$0.00	--

Holdings After Transaction: Registered Shares — 11,938,153 shares (Indirect, By Children)

Footnotes (1)

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Key Figures

Total shares gifted: 14,760 shares Gift by M&F Trust #1: 2,083 shares Gift by M&F Trust #2: 4,345 shares +4 more

7 metrics

Total shares gifted 14,760 shares Aggregate bona fide gifts of Registered Shares on May 22, 2026

Gift by M&F Trust #1 2,083 shares Registered Shares, bona fide gift, indirect ownership by M&F Trust

Gift by M&F Trust #2 4,345 shares Registered Shares, bona fide gift, indirect ownership by M&F Trust

Gift by Children account #1 4,166 shares Registered Shares, bona fide gift, indirect ownership by Children

Gift by Children account #2 4,166 shares Registered Shares, bona fide gift, indirect ownership by Children

Indirect holding example 6,230,328 shares Total shares following one indirect gift transaction line

Indirect holding example 11,938,153 shares Total shares following one Children account gift line

Key Terms

Bona fide gift, Registered Shares, indirect ownership, M&F Trust, +1 more

5 terms

Bona fide gift financial

"transaction_code_description": "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Registered Shares financial

"security_title": "Registered Shares""

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.

indirect ownership financial

""direct_or_indirect": "I", "ownership_type": "indirect""

M&F Trust financial

""nature_of_ownership": "By M&F Trust""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

KAO MIN H

(Last) (First) (Middle)

1200 E. 151ST ST.

(Street)

OLATHE KANSAS 66062

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Executive Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Registered Shares	05/22/2026		G(1)		4,166	D	$0	11,938,153	I	By Children
Registered Shares	05/22/2026		G(1)		4,166	D	$0	11,933,987	I	By Children
Registered Shares	05/22/2026		G(1)		4,345	D	$0	6,232,411	I	By M&F Trust
Registered Shares	05/22/2026		G(1)		2,083	D	$0	6,230,328	I	By M&F Trust

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 Min H. Kao	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Garmin (GRMN) report for Min H. Kao on this Form 4?

Garmin reported that entities associated with Executive Chairman Min H. Kao made four bona fide gift transactions of Registered Shares on May 22, 2026. These non-derivative transfers totaled 14,760 shares and were coded “G” for gifts, not open-market purchases or sales.

How many Garmin (GRMN) shares were gifted in Min H. Kao’s latest Form 4?

The filing shows total gifts of 14,760 Registered Shares. Individual transactions were 2,083 and 4,345 shares via the M&F Trust, and two gifts of 4,166 shares each via accounts held for his children, all reported as bona fide charitable gifts.

Were Min H. Kao’s Garmin (GRMN) Form 4 transactions open-market sales or charitable gifts?

The transactions were charitable gifts, not market sales. Each entry carries transaction code “G” and description “Bona fide gift,” with a reported price of $0.00 per share. A footnote further clarifies the shares were gifted to a charitable organization.

How are the gifted Garmin (GRMN) shares held by Min H. Kao reported on the Form 4?

All reported gifts involved indirectly held Registered Shares. The filing lists ownership as “I” for indirect, with nature of ownership noted as “By M&F Trust” for some transactions and “By Children” for others, indicating transfers from related entities rather than direct holdings.

What are Min H. Kao’s remaining Garmin (GRMN) holdings after these gifted shares?

Post-transaction figures show associated indirect accounts still holding multi-million-share positions, including 6,230,328 and 11,938,153 shares in separate lines. These values indicate substantial remaining ownership, even after the combined 14,760-share charitable gifts reported in this Form 4.

Does Min H. Kao’s Garmin (GRMN) Form 4 suggest a change in investment sentiment?

The Form 4 suggests routine charitable giving rather than a sentiment shift. All four transactions are coded as bona fide gifts at $0.00 per share, and the related accounts continue to report large indirect holdings, which points to ongoing substantial ownership in Garmin.