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WINMARK CORP — Director's Dealing 2025
Aug 28, 2025
31850_dirs_2025-08-28_74c781ac-ce49-4516-b0e7-93eaf904bd11.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2025-08-26
Reporting Person: HEFFES BRETT D (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-08-26 | Common Stock | M | 1915 | $143.87 | Acquired | 114415 | Direct |
| 2025-08-26 | Common Stock | M | 526 | $164.84 | Acquired | 114941 | Direct |
| 2025-08-26 | Common Stock | M | 510 | $195.82 | Acquired | 115451 | Direct |
| 2025-08-26 | Common Stock | S | 600 | $458.65 | Disposed | 114851 | Direct |
| 2025-08-26 | Common Stock | S | 400 | $456.97 | Disposed | 114451 | Direct |
| 2025-08-26 | Common Stock | S | 800 | $453.82 | Disposed | 113651 | Direct |
| 2025-08-26 | Common Stock | S | 641 | $452.07 | Disposed | 113010 | Direct |
| 2025-08-27 | Common Stock | M | 2103 | $176.20 | Acquired | 115113 | Direct |
| 2025-08-27 | Common Stock | M | 2868 | $164.84 | Acquired | 117981 | Direct |
| 2025-08-27 | Common Stock | M | 1390 | $143.87 | Acquired | 119371 | Direct |
| 2025-08-27 | Common Stock | S | 1985 | $454.95 | Disposed | 117386 | Direct |
| 2025-08-27 | Common Stock | S | 1186 | $454.03 | Disposed | 116200 | Direct |
| 2025-08-27 | Common Stock | S | 1630 | $452.72 | Disposed | 114570 | Direct |
| 2025-08-27 | Common Stock | S | 170 | $451.76 | Disposed | 114400 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-08-26 | Employee Stock Option (right to buy) | $164.84 | M | 3394 | Disposed | 2029-06-01 | Common Stock (3394) | Direct |
| 2025-08-27 | Employee Stock Option (right to buy) | $176.20 | M | 2103 | Disposed | 2029-12-16 | Common Stock (4000) | Direct |
| 2025-08-26 | Employee Stock Option (right to buy) | $143.87 | M | 3305 | Disposed | 2030-06-01 | Common Stock (3305) | Direct |
| 2025-08-26 | Employee Stock Option (right to buy) | $195.82 | M | 510 | Disposed | 2031-06-01 | Common Stock (4000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 338 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $183.87 | 2030-12-14 | Common Stock (4000) | 4000 | Direct |
| Employee Stock Option (right to buy) | $261.32 | 2031-12-13 | Common Stock (11100) | 11100 | Direct |
| Employee Stock Option (right to buy) | $197.80 | 2032-06-01 | Common Stock (9360) | 9360 | Direct |
| Employee Stock Option (right to buy) | $238.60 | 2032-12-12 | Common Stock (5740) | 5740 | Direct |
| Employee Stock Option (right to buy) | $325.99 | 2033-06-01 | Common Stock (4120) | 4120 | Direct |
| Employee Stock Option (right to buy) | $355.90 | 2034-06-01 | Common Stock (3580) | 3580 | Direct |
| Employee Stock Option (right to buy) | $400.97 | 2034-12-09 | Common Stock (3260) | 3260 | Direct |
| Employee Stock Option (right to buy) | $424.82 | 2035-06-01 | Common Stock (2984) | 2984 | Direct |
Footnotes
F1: 600 shares sold at an average price of $458.65, with a range of $458.34 to $459.23, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F2: 400 shares sold at an average price of $456.97, with a range of $456.94 to $457.00, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F3: 800 shares sold at an average price of $453.82, with a range of $453.78 to $454.09, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F4: 641 shares sold at an average price of $452.07, with a range of $451.75 to $452.46, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F5: 1,985 shares sold at an average price of $454.95, with a range of $454.71 and $455.58, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F6: 1,186 shares sold at an average price of $454.03, with a range of $453.91 to $454.22, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F7: 1,630 shares sold at an average price of $452.72, with a range of $451.85 to $452.81, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F8: 170 shares sold at an average price of $451.76, with a range of $451.75 to $451.78, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F9: 526 option shares exercised 8/26/2025 and 2,868 option shares exercised 8/27/2025 as indicated in Table 1
F10: 25% per year for four years.
F11: 1,915 option shares exercised 8/26/2025 and 1,390 option shares exercised 8/27/2025 as indicated in Table 1