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GARMIN LTD Director's Dealing 2022

Jun 13, 2022

30027_dirs_2022-06-13_9c07ed5d-0a15-4c1a-abbc-18326ec4399e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2022-06-09

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2022-06-09 Registered Shares G 300000 Disposed 30000 Indirect
2022-06-09 Registered Shares G 300000 Acquired 300000 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Registered Shares 5425 Direct
Registered Shares 22747 Indirect
Registered Shares 8872799 Indirect
Registered Shares 8870400 Indirect
Registered Shares 744500 Indirect
Registered Shares 368478 Indirect

Footnotes

F1: The reporting person is a co-trustee of his mother's revocable trust and is 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.

F2: 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.

F3: The reporting person is a co-trustee of several grantor retained annuity trusts (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.

F4: The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.

F5: 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.

F6: 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 interest therein.