What additional GRMN holdings related to Min H. Kao are disclosed for his children?

Separate from the trust, the filing shows 11,927,217 Registered Shares held indirectly for Min H. Kao’s children. This entry is reported as an indirect ownership position, without an associated transaction on the reported date.

Garmin Ltd. (NYSE: GRMN) chair gifts 3,090 shares to charity

Q: What insider transaction did Min H. Kao report for GRMN in this Form 4?

Min H. Kao reported a bona fide gift of 3,090 Garmin Registered Shares . The shares were held indirectly through M&F Trust and were donated to a charitable organization, reflecting a charitable disposition rather than an open-market sale or purchase.

Q: How many GRMN shares does M&F Trust hold after Min H. Kao’s reported gift?

Following the reported gift, M&F Trust holds 6,223,003 Garmin shares . These shares are reported as being held indirectly for Min H. Kao, indicating continued substantial trust ownership after the charitable transfer of 3,090 Registered Shares.

Q: Were the GRMN shares in Min H. Kao’s Form 4 transaction sold on the market?

No, the Form 4 describes a bona fide gift of 3,090 Registered Shares. A footnote specifies the shares were gifted to a charitable organization , meaning there was no market sale or purchase price associated with this disposition.

Q: Does the Form 4 for GRMN mention a Rule 10b5-1 trading plan for this transaction?

The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan . The transaction is characterized as a bona fide gift to a charitable organization, with no indication that it was executed under a pre-arranged trading plan.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Garmin Ltd. Executive Chairman Min H. Kao reported a bona fide gift of 3,090 Registered Shares that were held indirectly through M&F Trust to a charitable organization. After this gift, M&F Trust holds 6,223,003 Garmin shares, and additional indirect holdings for his children total 11,927,217 shares.

Insider Trade Summary

Net Seller: 3,090 shares

Net Sell 2 txns

Insider KAO MIN H

Role Executive Chairman

Type	Security	Shares	Price	Value
Gift	Registered Shares ^F1	3,090	$0.00	$0.00
holding	Registered Shares	--	--	--

Holdings After Transaction: Registered Shares — 6,223,003 shares (Indirect, By M&F Trust); Registered Shares — 11,927,217 shares (Indirect, By Children)

Footnotes (1)

F1. Shares gifted to a charitable organization.

Key Figures

Shares gifted: 3,090 shares M&F Trust holdings after gift: 6,223,003 shares Children's indirect holdings: 11,927,217 shares

3 metrics

Shares gifted 3,090 shares Registered Shares gifted to a charitable organization via M&F Trust

M&F Trust holdings after gift 6,223,003 shares Indirect Garmin holdings by M&F Trust following the reported gift

Children's indirect holdings 11,927,217 shares Registered Shares held indirectly for Min H. Kao's children

Key Terms

Bona fide gift, indirect ownership, Registered Shares, charitable organization

4 terms

Bona fide gift financial

"transaction_code_description notes a "Bona fide gift" of shares"

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.

indirect ownership financial

"direct_or_indirect code "I" indicates indirect ownership of the shares"

Registered Shares financial

"security_title for the reported transactions is "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.

charitable organization financial

"footnote F1 states shares were gifted to a charitable organization"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 09:56 PM Accepted by SEC EDGAR 08/04/2026 - 09:55 PM

FAQ

What insider transaction did Min H. Kao report for GRMN in this Form 4?

Min H. Kao reported a bona fide gift of 3,090 Garmin Registered Shares. The shares were held indirectly through M&F Trust and were donated to a charitable organization, reflecting a charitable disposition rather than an open-market sale or purchase.

How many GRMN shares does M&F Trust hold after Min H. Kao’s reported gift?

Following the reported gift, M&F Trust holds 6,223,003 Garmin shares. These shares are reported as being held indirectly for Min H. Kao, indicating continued substantial trust ownership after the charitable transfer of 3,090 Registered Shares.

Were the GRMN shares in Min H. Kao’s Form 4 transaction sold on the market?

No, the Form 4 describes a bona fide gift of 3,090 Registered Shares. A footnote specifies the shares were gifted to a charitable organization, meaning there was no market sale or purchase price associated with this disposition.

Does the Form 4 for GRMN mention a Rule 10b5-1 trading plan for this transaction?

The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan. The transaction is characterized as a bona fide gift to a charitable organization, with no indication that it was executed under a pre-arranged trading plan.

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)
08/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Registered Shares	08/03/2026		G⁽¹⁾		3,090	D	$0	6,223,003	I	By M&F Trust
Registered Shares								11,927,217	I	By Children

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares gifted to a charitable organization.

	/s/ Paul E. Cassat, as attorney-in-fact for Min H. Kao	08/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR