Garmin Co-Founder Min Kao Holds 18.8M Shares, Shared Control
Ticker: GRMN · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1121788
Complexity: simple
Sentiment: bullish
Topics: insider-holding, ownership-update, long-term-investing
TL;DR
**Garmin co-founder Min Kao still holds 18.8M shares, showing strong insider confidence.**
AI Summary
Min H. Kao, a key figure at Garmin Ltd., filed an amended SC 13G/A on February 6, 2024, disclosing his beneficial ownership of 18,842,060 shares of Garmin's Registered Shares as of December 31, 2023. This filing indicates that Kao holds shared voting and dispositive power over these shares, representing a significant stake in the company. For investors, this filing confirms that a major insider maintains a substantial, long-term interest in Garmin, which can be a positive signal of confidence in the company's future.
Why It Matters
This filing confirms that a co-founder and significant insider, Min H. Kao, maintains a substantial ownership stake in Garmin, signaling his continued commitment and belief in the company's long-term prospects. Such a large insider holding can be viewed positively by investors, suggesting alignment between management and shareholder interests.
Risk Assessment
Risk Level: low — This filing is an update on an existing significant insider holding, indicating stability rather than a new, volatile event.
Analyst Insight
A smart investor would view Min H. Kao's continued substantial ownership as a positive indicator of long-term stability and confidence in Garmin's future, potentially reinforcing a 'buy and hold' strategy for the stock.
Key Numbers
- 18,842,060 — Shares Beneficially Owned (This is the aggregate amount of Garmin Ltd. shares beneficially owned by Min H. Kao as of December 31, 2023, demonstrating his significant stake.)
- December 31, 2023 — Date of Event (This is the date for which the ownership information is reported, providing a clear snapshot of the holding at year-end.)
Key Players & Entities
- Min H. Kao (person) — Reporting Person, Co-founder of Garmin Ltd.
- Garmin Ltd. (company) — Subject Company (Issuer) of the securities
- 18,842,060 (dollar_amount) — Number of shares beneficially owned by Min H. Kao
Forward-Looking Statements
- Min H. Kao will maintain a significant ownership stake in Garmin Ltd. for the foreseeable future. (Min H. Kao) — high confidence, target: December 31, 2025
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Min H. Kao, identified on Page 2 of 8 pages.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Garmin Ltd., as stated on Page 1 of 8 pages under 'Name of Issuer'.
How many shares of Garmin Ltd. does Min H. Kao beneficially own according to this filing?
Min H. Kao beneficially owns 18,842,060 shares of Garmin Ltd., as indicated in Item 9, 'Aggregate Amount Beneficially Owned by Each Reporting Person', on Page 2 of 8 pages.
What type of power does Min H. Kao hold over these shares?
Min H. Kao holds shared voting power and shared dispositive power over the 18,842,060 shares, as detailed in Items 6 and 8 on Page 2 of 8 pages.
What was the 'Date of Event which Requires Filing of this Statement'?
The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, as specified on Page 1 of 8 pages.
Filing Stats: 1,317 words · 5 min read · ~4 pages · Grade level 7.7 · Accepted 2024-02-06 16:08:26
Filing Documents
- d771704dsc13ga.htm (SC 13G/A) — 75KB
- d771704dex99i.htm (EX-99.I) — 3KB
- 0001193125-24-025271.txt ( ) — 79KB
SIGNATURES
SIGNATURES 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. Dated: January 31, 2024 MIN H. KAO By: /s/ Min H. Kao Name: Min H. Kao YU-FAN C. KAO By: /s/ Yu-Fan C. Kao Name: Yu-Fan C. Kao Pursuant to the Joint Filing Agreement with respect to Schedule 13G attached hereto as Exhibit I, among Min H. Kao and Yu-Fan C. Kao, this statement on Schedule 13G is filed on behalf of each of them.