WINMARK CORP — Director's Dealing 2021

Nov 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2021-11-02

Reporting Person: Goff Leah A (VP of Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-02	Common Stock	M	350	$134.25	Acquired	10630	Direct
2021-11-02	Common Stock	M	500	$143.20	Acquired	11130	Direct
2021-11-02	Common Stock	M	500	$156.00	Acquired	11630	Direct
2021-11-02	Common Stock	M	450	$164.84	Acquired	12080	Direct
2021-11-02	Common Stock	M	225	$176.20	Acquired	12305	Direct
2021-11-02	Common Stock	M	225	$143.87	Acquired	12530	Direct
2021-11-02	Common Stock	S	800	$239.25	Disposed	11730	Direct
2021-11-02	Common Stock	S	1250	$235.74	Disposed	10480	Direct
2021-11-02	Common Stock	S	200	$233.18	Disposed	10280	Direct
2021-11-02	Common Stock	M	585	$98.25	Acquired	10865	Direct
2021-11-02	Common Stock	M	235	$122.50	Acquired	11100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-02	Employee Stock Option (right to buy)	$98.25	M	585	Disposed	2026-06-01	Common Stock (585)	Direct
2021-11-02	Employee Stock Option (right to buy)	$122.50	M	235	Disposed	2027-06-01	Common Stock (500)	Direct
2021-11-02	Employee Stock Option (right to buy)	$134.25	M	350	Disposed	2027-12-11	Common Stock (700)	Direct
2021-11-02	Employee Stock Option (right to buy)	$143.20	M	500	Disposed	2028-06-01	Common Stock (1000)	Direct
2021-11-02	Employee Stock Option (right to buy)	$156.00	M	500	Disposed	2028-12-11	Common Stock (1000)	Direct
2021-11-02	Employee Stock Option (right to buy)	$164.84	M	450	Disposed	2029-06-01	Common Stock (900)	Direct
2021-11-02	Employee Stock Option (right to buy)	$176.20	M	225	Disposed	2029-12-16	Common Stock (900)	Direct
2021-11-02	Employee Stock Option (right to buy)	$143.87	M	225	Disposed	2030-06-01	Common Stock (900)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (486)	486	Direct
Employee Stock Option (right to buy)	$183.87	2030-12-14	Common Stock (900)	900	Direct
Employee Stock Option (right to buy)	$195.82	2031-06-01	Common Stock (900)	900	Direct

Footnotes

F1: 25% per year for 4 years

F2: 1,250 shares sold at an average price of $235.74, with a range of $235.34 to $236.00, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.

F3: 200 shares sold at an average price of $233.18, with a range of $233.08 to $234.00, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.