GARMIN LTD — Director's Dealing 2021

Mar 2, 2021

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-12-31

Reporting Person: BURRELL JONATHAN (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-31	Registered Shares	G	82500	—	Disposed	8330550	Indirect

Footnotes

F1: The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The reporting person inadvertently failed to previously report the gift of registered shares by the CLATs reflected here. As a result, the shares that the CLATs held was overstated by 82,500 shares as of December 31, 2019 and likewise was overstated in the reporting person's 17 Form 4 reports filed subsequent to December 31, 2019 and prior to March 2, 2021.