Garmin director Jonathan Burrell reports share gifts

Burrell's reported positions include 394,478 shares held through LLCs and unvested RSUs for 753 shares vesting June 5, 2027.

Available on EDGAR 11/10/2026 - 09:42 AM EST Accepted by SEC EDGAR 11/10/2026 - 09:42 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Garmin Ltd (GRMN) director Jonathan Burrell reported four gift transactions in Registered Shares on November 9, 2026: dispositions of 69,000 and 66,000 shares through GRATs established by him and by his mother, and acquisitions by trusts of 66,000 and 69,000 shares. His reported direct position was 9,889 Registered Shares; a related note describes 9,136 shares and unvested RSUs for 753 shares vesting June 5, 2027. LLCs held 394,478 shares, and a related note says they are wholly owned by a GRAT remainder trust established for his benefit.

Insider Trade Summary

270,000 shares gifted

Gift 4 txns

Insider BURRELL JONATHAN

Role Director

Type	Security	Shares	Price	Value
Gift	Registered Shares F2	69,000	$0.00	$0.00
Gift	Registered Shares F3	66,000	$0.00	$0.00
Gift	Registered Shares F6	66,000	$0.00	$0.00
Gift	Registered Shares	69,000	$0.00	$0.00
Holding	Registered Shares F1	--	--	--
Holding	Registered Shares F4	--	--	--
Holding	Registered Shares F5	--	--	--

Holdings After Transaction: Registered Shares — 3,877,752 shares (Indirect, By GRATs); Registered Shares — 2,564,809 shares (Indirect, By trust); Registered Shares — 9,889 shares (Direct); Registered Shares — 394,478 shares (Indirect, By LLCs)

Footnotes (6)

1. F1. Consists of (a) 9,136 Registered Shares and (b) unvested restricted stock units (RSUs) awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs vest as to 753 shares on June 5, 2027.
2. F2. The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him, and his children hold the remainder interests therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein.
3. F3. The reporting person is a co-trustee of several GRATs established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
4. F4. The reporting person is the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.
5. F5. The reporting person is a co-trustee of a GRAT remainder trust established for his benefit
6. F6. The reporting person is a co-trustee of his mother's revocable trust and his mother's attorney-in-fact and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Key Figures

Gift disposition through GRATs: 69,000 shares Gift disposition through GRATs: 66,000 shares Gift acquisition by trust: 66,000 shares +5 more

8 metrics

Gift disposition through GRATs 69,000 shares November 9, 2026

Gift disposition through GRATs 66,000 shares November 9, 2026

Gift acquisition by trust 66,000 shares November 9, 2026

Gift acquisition by trust 69,000 shares November 9, 2026

Reported direct position 9,889 Registered Shares Reported following the transactions; the related note describes 9,136 shares and unvested RSUs for 753 shares

Registered Shares 9,136 shares Component of the reported direct position

Unvested RSUs 753 shares Vest on June 5, 2027

Shares held through LLCs 394,478 shares Reported following the transactions

Key Terms

grantor retained annuity trusts (GRATs), remainder interests, restricted stock units (RSUs), pecuniary interests

4 terms

grantor retained annuity trusts (GRATs) financial

"grantor retained annuity trusts (GRATs) established by him"

remainder interests financial

"his children hold the remainder interests therein"

restricted stock units (RSUs) financial

"unvested restricted stock units (RSUs)"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

pecuniary interests financial

"except to the extent of his pecuniary interests therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What gift transactions did GRMN director Jonathan Burrell report?

Jonathan Burrell reported two gift dispositions on November 9, 2026: 69,000 and 66,000 shares through GRATs, and two gift acquisitions by trusts: 66,000 and 69,000 shares. The disposition notes identify GRATs established by him and by his mother; the 66,000-share acquisition was held by his mother's revocable trust.

What GRMN share positions did Jonathan Burrell report after the transactions?

The direct position was reported as 9,889 Registered Shares; a related note describes 9,136 shares and unvested RSUs that vest as to 753 shares on June 5, 2027. Separately, 394,478 shares were held through LLCs wholly owned by a GRAT remainder trust established for Burrell's benefit.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

BURRELL JONATHAN

(Last) (First) (Middle)

6300 WEST 143RD STREET

(Street)

OVERLAND PARK KANSAS 66223

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/09/2026

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								9,889(1)	D
Registered Shares	11/09/2026		G		69,000	D	$0	1,887,700	I	By GRATs(2)
Registered Shares	11/09/2026		G		66,000	D	$0	3,877,752	I	By GRATs(3)
Registered Shares								394,478	I	By LLCs(4)
Registered Shares								1,738,766	I	By trust(5)
Registered Shares	11/09/2026		G		66,000	A	$0	224,600	I	By trust(6)
Registered Shares	11/09/2026		G		69,000	A	$0	826,043	I	By 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. Consists of (a) 9,136 Registered Shares and (b) unvested restricted stock units (RSUs) awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs vest as to 753 shares on June 5, 2027.

2. The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him, and his children hold the remainder interests therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein.

3. The reporting person is a co-trustee of several GRATs established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

4. The reporting person is the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.

5. The reporting person is a co-trustee of a GRAT remainder trust established for his benefit

6. The reporting person is a co-trustee of his mother's revocable trust and his mother's attorney-in-fact and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

	/s/Jonathan Burrell	11/10/2026
	** 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)