GARMIN LTD — Director's Dealing 2025

Jun 9, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2025-06-06

Reporting Person: BURRELL JONATHAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-06	Registered Shares	A	858	—	Acquired	9624	Direct
2025-06-07	Registered Shares	F	273	$207.45	Disposed	9351	Direct
2025-06-09	Registered Shares	G	508902	—	Disposed	5725248	Indirect
2025-06-09	Registered Shares	G	508902	—	Acquired	508902	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	533800	Indirect
Registered Shares	394478	Indirect
Registered Shares	1044833	Indirect
Registered Shares	2229643	Indirect

Footnotes

F1: Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests on June 6, 2026.

F2: Includes the 858 unvested shares acquired pursuant to the grant of restricted stock unit award described in Footnote 1 and 1,090 unvested shares acquired pursuant to a previously granted restricted stock unit award.

F3: 1,090 shares that were acquired pursuant to an award of restricted stock units on June 7, 2024 and were released to the reporting person. Of these 1,090 shares, 273 shares were withheld to pay a resulting tax liability.

F4: Includes the 858 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1.

F5: 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.

F6: 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.

F7: 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.

F8: The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.

F9: 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.