4/A: Garmin Executive Chairman Amends Share Ownership Filing

Garmin Executive Chairman Min H. Kao filed an amended Form 4 to correct an omission regarding indirect shareholdings.

Summary

• Min H. Kao, Executive Chairman and Director of Garmin Ltd., filed an amended Form 4 (Form 4/A) with the SEC.
• The amendment corrects an inadvertent omission from an original Form 4 filed on August 29, 2025.
• Specifically, the correction adds an indirect holding of 6,242,981 Registered Shares held by M&F Trust, which was previously omitted from the original filing.
• The original Form 4 also reported a gift of 25,200 Registered Shares to a charitable organization on August 29, 2025, at a price of $0.
• Following this amendment, Min H. Kao's beneficial ownership includes 11,950,619 Registered Shares held directly and 6,242,981 Registered Shares held indirectly through M&F Trust.

Sentiment

Score: 5

Explanation: The filing is a routine amendment to correct an administrative error in beneficial ownership disclosure, neither positive nor negative for the company's operations or financial health.

Positives

• Increased transparency regarding the Executive Chairman's total beneficial ownership due to the correction.

Negatives

• An administrative error led to the initial omission of a significant indirect shareholding, requiring an amendment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Enhanced transparency regarding the Executive Chairman's total beneficial ownership.

Key Dates

Recommendation

This filing is an administrative correction of a previous beneficial ownership report and does not contain any new information that would alter the fundamental investment thesis for Garmin Ltd. Therefore, a 'hold' recommendation is maintained.

Keywords

Garmin, GRMN, SEC filing, Form 4, beneficial ownership, insider trading, executive chairman, shareholding amendment