=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-18
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: GARMIN LTD (GRMN)
CIK: 0001121788
--- Reporting Owner ---
Name: Wang Cheng-Wei
CIK: 0001763986
Role: Officer (General Manager - Garmin Corp.)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Registered Shares
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -1,390 | Price: $296.92
Total Value: $412,717.69
Shares Owned After: 38,057 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was executed in multiple trades at prices ranging from $296.50 to $297.49. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
[F2] Includes 5,182 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
[Transaction #2]
Security: Registered Shares
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -3,102 | Price: $297.84
Total Value: $923,891.93
Shares Owned After: 34,955 | Ownership: D (Direct)
Footnotes:
[F3] This transaction was executed in multiple trades at prices ranging from $297.50 to $298.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
[F2] Includes 5,182 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
[Transaction #3]
Security: Registered Shares
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -538 | Price: $299.17
Total Value: $160,952.98
Shares Owned After: 34,417 | Ownership: D (Direct)
Footnotes:
[F4] This transaction was executed in multiple trades at prices ranging from $298.55 to $299.49. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
[F2] Includes 5,182 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
[Transaction #4]
Security: Registered Shares
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -1,737 | Price: $300.14
Total Value: $521,346.31
Shares Owned After: 32,680 | Ownership: D (Direct)
Footnotes:
[F5] This transaction was executed in multiple trades at prices ranging from $299.55 to $300.52. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
[F2] Includes 5,182 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
[Transaction #5]
Security: Registered Shares
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -2,260 | Price: $301.01
Total Value: $680,291.41
Shares Owned After: 30,420 | Ownership: D (Direct)
Footnotes:
[F6] This transaction was executed in multiple trades at prices ranging from $300.58 to $301.36. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
[F2] Includes 5,182 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
[Transaction #6]
Security: Registered Shares
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -281 | Price: $301.62
Total Value: $84,754.57
Shares Owned After: 30,139 | Ownership: D (Direct)
Footnotes:
[F7] This transaction was executed in multiple trades at prices ranging from $301.58 to $301.79. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
[F2] Includes 5,182 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
[Transaction #7]
Security: Registered Shares
Date: 2026-08-18 | Code: S (Open market sale)
Shares: -633 | Price: $303.36
Total Value: $192,027.45
Shares Owned After: 29,506 | Ownership: D (Direct)
Footnotes:
[F8] This transaction was executed in multiple trades at prices ranging from $303.34 to $303.44. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
[F2] Includes 5,182 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
--- Footnotes (Complete Index) ---
F1: This transaction was executed in multiple trades at prices ranging from $296.50 to $297.49. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F2: Includes 5,182 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: This transaction was executed in multiple trades at prices ranging from $297.50 to $298.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F4: This transaction was executed in multiple trades at prices ranging from $298.55 to $299.49. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F5: This transaction was executed in multiple trades at prices ranging from $299.55 to $300.52. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F6: This transaction was executed in multiple trades at prices ranging from $300.58 to $301.36. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F7: This transaction was executed in multiple trades at prices ranging from $301.58 to $301.79. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F8: This transaction was executed in multiple trades at prices ranging from $303.34 to $303.44. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
--- Signature ---
/s/ /s/ Paul E. Cassat, as attorney-in-fact for Wang Cheng-Wei (2026-08-20)
