WINMARK CORP — Director's Dealing 2022

Oct 19, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2022-10-18

Reporting Person: Ishaug Anthony D (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-18	Common Stock	M	2504	$55.72	Acquired	42728	Direct
2022-10-18	Common Stock	S	443	$234.49	Disposed	42285	Direct
2022-10-18	Common Stock	S	2061	$233.87	Disposed	40224	Direct
2022-10-18	Common Stock	M	2250	$55.72	Acquired	42474	Direct
2022-10-19	Common Stock	M	3496	$59.77	Acquired	45970	Direct
2022-10-19	Common Stock	S	3496	$232	Disposed	42474	Direct
2022-10-19	Common Stock	M	2674	$55.72	Acquired	45148	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-10-18	Employee Stock Option (right to buy)	$55.72	M	7428	Disposed	2022-12-13	Common Stock (7428)	Direct
2022-10-19	Employee Stock Option (right to buy)	$59.77	M	3496	Disposed	2023-06-01	Common Stock (5827)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$82.72	2023-12-16	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$66.29	2024-06-01	Common Stock (5992)	5992	Direct
Employee Stock Option (right to buy)	$80.32	2024-12-15	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$91.93	2025-06-01	Common Stock (5713)	5713	Direct
Employee Stock Option (right to buy)	$90.99	2025-12-14	Common Stock (6800)	6800	Direct
Employee Stock Option (right to buy)	$98.25	2026-06-01	Common Stock (5783)	5783	Direct
Employee Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (6800)	6800	Direct
Employee Stock Option (right to buy)	$122.50	2027-06-06	Common Stock (5000)	4184	Direct
Employee Stock Option (right to buy)	$134.25	2027-12-11	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$143.20	2028-06-01	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$156	2028-12-11	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$164.84	2029-06-01	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$176.2	2029-12-16	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$143.87	2030-06-01	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$183.87	2030-12-14	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$195.82	2031-06-01	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$261.32	2031-12-13	Common Stock (5700)	5700	Direct
Employee Stock Option (right to buy)	$197.8	2032-06-01	Common Stock (5920)	5920	Direct

Footnotes

F1: 443 shares sold at an average price of $234.49, with a range of $234.01 to $235.01, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.

F2: 2,061 shares sold at an average price of $233.87, with a range of $233.00 to $234.00, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.

F3: 4,754 option shares exercised 10/18/2022 and 2,674 option shares exercised 10/19/2022 as indicated in Table I.

F4: 25% per year for four years