To be precise, there are only a few specific formats that are supported by the transponder for direct connection today, and those are only supported by a couple of specific devices. I suspect that may change over the years as more valid devices come to market. Here's a sneak peak excerpt from the latest installation guide, which covers compatibility and what it allows the transponder to report about its position:
GPS DATA (a setting in the transponder setup menu) : Determines the source of GPS position updates for ADS-B Out:
Use of any of the DIRECT GPS-to-transponder position reporting methods below require that the GPS that is connected to the transponder be TSO’d when used in the US. Additionally, only specific models are supported via these connections. Other counties may have different regulatory requirements for GPS position indicators that are connected directly to the SV-XPNDR-26X’s direct serial input.
o DIRECT (AVIATION): Generic GPS outputting Aviation format data, connected directly to SV-XPNDR-26X pin 3, transmitting at 9600 baud. As this data format does not contain all of the information that ADS-B position inputs require, Dynon does not recommend using this connection for any purposes. Using this setting causes the transponder to transmit the following ADS-B performance parameters:
SIL: 0 (Unknown integrity)
NACp: 0 (Unknown position accuracy)
NIC: 0 (Unknown containment)
NACv: 1 (10m/s accuracy)
o DIRECT (FREEFLIGHT): Freeflight 1201 or 1204 GPS, connected directly to SV-XPNDR-26X pin 3, transmitting at 19200 baud. Using this setting causes the transponder to transmit the following ADS-B performance parameters:
SIL: 2 (Level C integrity)
NACp: Sent from GPS to transponder. Refer to GPS documentation.
NIC: Sent from GPS to transponder. Refer to GPS documentation.
NACv: 1 (10m/s accuracy)
o DIRECT (GARMIN ADS-B): Garmin GNS 400W/500 (WAAS) or Garmin GTN series, both with appropriate software updates as designated by Garmin, connected directly to SV-XPNDR-26X pin 3, transmitting at 9600 baud. Note that this option only works with transponder software 2.02 or above. See the Transponder Software Updates section below for more information about transponder software. Using this setting causes the transponder to transmit the following ADS-B performance parameters:
SIL: 2 (Level C integrity)
NACp: Sent from GPS to transponder. Refer to GPS documentation.
NIC: Sent from GPS to transponder. Refer to GPS documentation.
NACv: 1 (10m/s accuracy)
o SKYVIEW: SkyView reports its GPS position to the transponder via its nominal SkyView<>SV-XPNDR-26X serial connection. Using this setting causes the transponder to transmit the following ADS-B performance parameters:
SIL: 0 (Unknown integrity)
NACp: 8, 9 or 10. Dynamic, as reported by GPS.
NIC: 8 (Containment radius <0.1 NM)
NACv: 1 (10m/s accuracy)