WINMARK CORP — Director's Dealing 2025

Dec 15, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2025-12-15

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-15	Employee Stock Option (right to buy)	$444.54	A	1316	Acquired	2035-12-15	Common Stock (1316)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18860	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Employee Stock Option (right to buy)	$355.90	2034-06-01	Common Stock (1740)	1740	Direct
Employee Stock Option (right to buy)	$400.97	2034-12-09	Common Stock (1580)	1580	Direct
Employee Stock Option (right to buy)	$424.82	2035-06-01	Common Stock (1448)	1448	Direct

Footnotes

F1: 25% per year for four years.