WINMARK CORP — Director's Dealing 2023

Oct 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2023-10-19

Reporting Person: Gaudette Renae M. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-19	Common Stock	M	1167	$66.29	Acquired	14225	Direct
2023-10-19	Common Stock	S	12	$403.63	Disposed	14213	Direct
2023-10-19	Common Stock	S	36	$402.50	Disposed	14177	Direct
2023-10-19	Common Stock	S	617	$401.22	Disposed	13560	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-19	Employee Stock Option (right to buy)	$66.29	M	1167	Disposed	2024-06-01	Common Stock (1167)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$80.32	2024-12-15	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$91.93	2025-06-01	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$90.99	2025-12-14	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$98.25	2026-06-01	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$122.50	2027-06-01	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$134.25	2027-12-11	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$143.20	2028-06-01	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$156	2028-12-11	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$164.84	2029-06-01	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$176.20	2029-12-16	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$143.87	2030-06-01	Common Stock (3500)	3500	Direct
Employee Stock Option (right to buy)	$183.87	2030-12-14	Common Stock (3500)	3500	Direct
Employee Stock Option (right to buy)	$195.82	2031-06-01	Common Stock (3500)	3500	Direct
Employee Stock Option (right to buy)	$261.32	2031-12-13	Common Stock (3500)	3500	Direct
Employee Stock Option (right to buy)	$197.80	2032-06-01	Common Stock (4480)	4480	Direct
Employee Stock Options (Right to Buy)	$238.60	2032-12-12	Common Stock (2520)	2520	Direct
Employee Stock Option (right to buy)	$325.99	2033-06-01	Common Stock (2000)	2000	Direct

Footnotes

F1: 12 shares sold at an average price of $403.63, with a range of $403.59 to $404.08, to cover payment of exercise price of and taxes due on option exercises included on this Form 4

F2: 36 shares sold at an average price of $402.50, with a range of $402.42 to $403.00, to cover payment of exercise price of and taxes due on option exercises included on this form 4

F3: 617 shares sold at a price of $401.22 to cover payment of exercise price of and taxes due on option exercises included on this Form 4

F4: 25% per year for four years.