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Filing Details

Accession Number:: 0001134100-25-000002
Form Type:: 13G Filing
Publication Date:: 2025-01-09 19:00:00

Filed By:: KAO MIN H
Company:: Garmin Ltd (NASDAQ:GRMN)
Filing Date:: 2025-01-10
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Beneficially Owned Number of Shares	Beneficially Owned Number of Aggregate Shares	Percent of Class
KAO MIN H	0	18,686,980	9.7%
KAO YU-FAN C	0	18,686,980	9.7%

Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 19)

GARMIN LTD

(Name of Issuer)

Registered Shares

(Title of Class of Securities)

H2906T109

(CUSIP Number)

12/31/2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

H2906T109

Names of Reporting Persons

KAO MIN H

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 18,686,980.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 18,686,980.00

Aggregate Amount Beneficially Owned by Each Reporting Person

18,686,980.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

9.7 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

H2906T109

Names of Reporting Persons

KAO YU-FAN C

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 18,686,980.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 18,686,980.00

Aggregate Amount Beneficially Owned by Each Reporting Person

18,686,980.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

9.7 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

GARMIN LTD

(b)

Address of issuer's principal executive offices:

MUHLENTALSTRASSE 2, MUHLENTALSTRASSE 2, SCHAFFHAUSEN, SWITZERLAND, CH-8200.

Item 2.

(a)

Name of person filing:

(i) Min H. Kao (ii) Yu-Fan C. Kao

(b)

Address or principal business office or, if none, residence:

1200 East 151st Street, Olathe, Kansas 66062 (for each person listed in 2(a)(i) and 2(a)(ii))

(c)

Citizenship:

USA (for each person listed in 2(a)(i) and 2(a)(ii))

(d)

Title of class of securities:

Registered Shares

(e)

CUSIP No.:

H2906T109

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

Min H. Kao - 18,686,980 (1) Yu-Fan C. Kao - 18,686,980 (2) (1) Of the 18,686,980 Registered Shares: - 6,254,081 Registered Shares are held by the M&F Trust dated October 17, 2019, for which Min H. Kao and Yu-Fan C. Kao are co-trustees and share voting and dispositive power with respect to those Registered Shares; - 11,998,019 Registered Shares are held by revocable trusts established by Jennifer Kao and Kenneth Kao, the children of Min H. Kao and Yu-Fan C. Kao, for which Min H. Kao and Yu-Fan C. Kao are co-trustees and together share voting and dispositive power with respect to those Registered Shares; and - 434,880 Registered Shares are held by the Kao Family Foundation, a charitable foundation of which Min H. Kao is president and a director and in such capacity may be deemed to exercise shared voting and dispositive power over such Registered Shares. Min H. Kao disclaims beneficial ownership of the Registered Shares held by the Kao Family Foundation and nothing herein shall be construed as an admission that Min H. Kao is the beneficial owner of such Registered Shares. (2) Of the 18,686,980 Registered Shares: - 6,254,081 Registered Shares are held by the M&F Trust dated October 17, 2019, for which Min H. Kao and Yu-Fan C. Kao are co-trustees and share voting and dispositive power with respect to those Registered Shares; - 11,998,019 Registered Shares are held by revocable trusts established by Jennifer Kao and Kenneth Kao, the children of Min H. Kao and Yu-Fan C. Kao, for which Min H. Kao and Yu-Fan C. Kao are co-trustees and together share voting and dispositive power with respect to those Registered Shares; and - 434,880 Registered Shares are held by the Kao Family Foundation, a charitable foundation of which Yu-Fan C. Kao is a director and in such capacity may be deemed to exercise shared voting and dispositive power over such Registered Shares. Yu-Fan C. Kao disclaims beneficial ownership of the Registered Shares held by the Kao Family Foundation and nothing herein shall be construed as an admission that Yu-Fan C. Kao is the beneficial owner of such Registered Shares.

(b)

Percent of class:

Min H. Kao - 9.73% Yu-Fan C. Kao - 9.73%

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

Min H. Kao - 0 Yu-Fan C. Kao - 0

(ii) Shared power to vote or to direct the vote:

Min H. Kao - 18,686,980 Yu-Fan C. Kao - 18,686,980

(iii) Sole power to dispose or to direct the disposition of:

Min H. Kao - 0 Yu-Fan C. Kao - 0

(iv) Shared power to dispose or to direct the disposition of:

Min H. Kao - 18,686,980 Yu-Fan C. Kao - 18,686,980

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KAO MIN H

Signature:	/s/ Min H. Kao
Name/Title:	Min H. Kao
Date:	01/10/2025

KAO YU-FAN C

Signature:	/s/ Yu-Fan C. Kao
Name/Title:	Yu-Fan C. Kao
Date:	01/10/2025

Comments accompanying signature: Pursuant to the Joint Filing Agreement with respect to Schedule 13G attached hereto as Exhibit 1, among Min H. Kao and Yu-Fan C. Kao, this statement on Schedule 13G is filed on behalf of each of them.

Exhibit Information

EX-1 JOINT FILING AGREEMENT