CLIFTON A. PEMBLE - 10 Nov 2022 Form 4/A - Amendment Insider Report for GARMIN LTD (GRMN)

Role: President and CEO, Director
Signature: /s/ Paul E. Cassat, as attorney-in-fact for Clifton A. Pemble
Issuer symbol: GRMN
Transactions as of: 10 Nov 2022
Net transactions value: -$1,785,240
Form type: 4/A - Amendment
Filing time: 31 Jan 2025, 18:30:06 UTC
Date Of Original Report: 16 Nov 2022
Previous filing: 09 Sep 2022
Next filing: 19 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRMN	Registered Shares	Sale	$1,785,240	-19,836	-15%	$90.00	116,114	10 Nov 2022	Direct	F1, F2, F3
holding	GRMN	Registered Shares						255	10 Nov 2022	By Child

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id	Content
F1	Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2022.
F2	Includes 43,340 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3	Due to an administrative error, the original Form 4 filed on November 16, 2022 omitted 9,550 shares from the number of shares beneficially owned by the reporting person following the reported transaction. These 9,550 shares were also omitted from subsequent Form 4s filed by the reporting person after the original Form 4 was filed.