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Kao Family Trusts To Sell A Portion Of Their Shares In Garmin - Quick Facts

In accordance with Rule 10b5-1 of the Securities and Exchange Act, two family trusts have each established a trading plan to sell a portion of their shares in Garmin Ltd. (GRMN) over a period for tax planning purposes. Min Kao, the company's co-founder, is a co-trustee in both the family trusts.

The Kao family currently owns approximately 14% of Garmin outstanding shares. Kao intends to retain a majority of their current holdings. Kao, his wife and children have been major shareholders of Garmin since 2000.

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