Form 4: Boessen Douglas G. reports sale transactions in GRMN

Rhea-AI Filing Summary

Boessen Douglas G. reported open-market sale transactions in a Form 4 filing for GRMN. The filing lists transactions totaling 479 shares at a weighted average price of $215.41 per share. Following the reported transactions, holdings were 28,488 shares.

Insider Trade Summary

Net Seller: 479 shares ($103,181)

Net Sell 1 txn

Insider Boessen Douglas G.

Role CFO and Treasurer

Sold 479 shs ($103K)

Type	Security	Shares	Price	Value
Sale	Registered Shares	479	$215.41	$103K

Holdings After Transaction: Registered Shares — 28,488 shares (Direct)

Footnotes (1)

1. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2025. Includes (i) 17,717 unvested shares acquired pursuant to previously granted restricted stock unit awards and (ii) 51 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

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).

X

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^*

Boessen Douglas G.

(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)
	CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		S(1)		479	D	$215.41	28,488(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. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2025.

2. Includes (i) 17,717 unvested shares acquired pursuant to previously granted restricted stock unit awards and (ii) 51 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

	/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen	02/17/2026
	** 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.

FAQ

What insider transaction did Garmin (GRMN) report for Douglas G. Boessen?

Garmin reported that CFO and treasurer Douglas G. Boessen sold 479 registered shares in an open‑market transaction at $215.41 per share. The sale occurred on February 13, 2026 and was disclosed in a Form 4 insider trading report.

Was the Garmin (GRMN) CFO’s share sale under a Rule 10b5-1 plan?

Yes. The 479-share sale by Garmin CFO Douglas G. Boessen was executed pursuant to a Rule 10b5‑1 trading plan adopted on March 3, 2025. Such plans pre‑schedule trades, helping executives systematically diversify holdings over time.

How many Garmin (GRMN) shares does Douglas G. Boessen own after the sale?

After the reported transaction, Douglas G. Boessen beneficially owned 28,488 Garmin shares directly. This total includes 17,717 unvested shares from restricted stock unit awards and 51 shares acquired in December 2025 through Garmin’s employee stock purchase plan.

What price did the Garmin (GRMN) CFO receive for the shares sold?

Douglas G. Boessen’s open‑market sale of 479 Garmin registered shares was executed at $215.41 per share. This per‑share price is taken directly from the Form 4, which itemizes the transaction date, share count, and consideration received.

What role does Douglas G. Boessen hold at Garmin (GRMN)?

Douglas G. Boessen serves as Garmin Ltd.’s chief financial officer and treasurer. His position and relationship to the issuer are identified in the Form 4, which also confirms he is not listed as a director or 10% beneficial owner of Garmin stock.

Does the Garmin (GRMN) Form 4 include derivative securities for the CFO?

No derivative securities transactions are listed for this filing. The Form 4 shows only a non‑derivative transaction: an open‑market sale of 479 registered shares, along with updated total direct beneficial ownership of 28,488 Garmin shares following the sale.