4/A: Garmin Executive Chairman Kao Min H. Amends Form 4 Filing to Correct 10b5-1(c) Indication

Kao Min H., Executive Chairman of Garmin Ltd, filed an amended Form 4 to correct an inadvertent checkmark regarding a Rule 10b5-1(c) trading plan, while also reporting charitable donations of Garmin shares.

Summary

• This is an amendment to a Form 4 filing by Kao Min H., the Executive Chairman of Garmin Ltd.
• The original filing was made on June 7, 2024.
• The amendment corrects an error where a checkbox indicating a transaction was made pursuant to a Rule 10b5-1(c) trading plan was inadvertently checked.
• The filing also reports gifts of Garmin shares to a charitable organization.
• On June 7, 2024, 24,240 Registered Shares were donated, resulting in Kao Min H. indirectly owning 12,080,299 shares through children.
• Additionally, 12,120 Registered Shares were donated, resulting in Kao Min H. indirectly owning 6,304,133 shares through the M&F Trust.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, with no significant positive or negative implications for the company's financial health or future prospects. The correction of an error and reporting of a charitable donation are neutral events.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, and amendments are sometimes necessary to correct errors or provide additional information.

Stakeholder Impact

• The charitable donation may have a minor positive impact on the company's reputation.

Key Dates