SCHEDULE: Kao Family Maintains 9.71% Stake in Garmin Ltd.
Beneficial Ownership Report
Min H. Kao and Yu-Fan C. Kao jointly report a continued beneficial ownership of 9.71% in Garmin Ltd. through various trusts and a family foundation.
Summary
- Min H. Kao and Yu-Fan C. Kao, as reporting persons, jointly beneficially own 18,683,700 Registered Shares of Garmin Ltd.
- This aggregate amount represents 9.71% of Garmin Ltd.'s class of Registered Shares.
- The shares are held across several entities: 6,242,981 shares by the M&F Trust dated October 17, 2019; 11,950,619 shares by revocable trusts established by Jennifer Kao and Kenneth Kao (children of Min H. Kao and Yu-Fan C. Kao); and 490,100 shares by the Kao Family Foundation.
- Min H. Kao and Yu-Fan C. Kao serve as co-trustees for the M&F Trust and the children's revocable trusts, sharing voting and dispositive power over these shares.
- Min H. Kao is president and a director, and Yu-Fan C. Kao is a director, of the Kao Family Foundation, through which they may be deemed to exercise shared voting and dispositive power over the 490,100 shares, though both disclaim beneficial ownership of these specific shares.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine beneficial ownership disclosure and does not inherently convey positive or negative sentiment about the company's performance or prospects. It confirms the continued significant stake held by the founders.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by significant shareholders and does not provide information related to broader industry trends or competitive analysis.
Stakeholder Impact
- Confirms significant insider ownership by the founders, potentially signaling long-term commitment and stability to shareholders.
Key Dates
| Date | Description |
|---|---|
| 2019-10-17 | Date of establishment for the M&F Trust, which holds a portion of the reported shares. |
| 2025-09-30 | Date of the event which requires the filing of this statement, representing the reporting period end. |
| 2025-10-01 | Date of filing and signing of the Schedule 13G Amendment No. 20. |
Keywords
Garmin Ltd., GRMN, Beneficial Ownership, Schedule 13G, Min H. Kao, Yu-Fan C. Kao, Institutional Ownership, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.