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: Ishaug Anthony D (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	1712	Acquired	2035-12-15	Common Stock (1712)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	66483	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$98.25	2026-06-01	Common Stock (3293)	3293	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 (4184)	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 (4302)	4302	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 (3394)	3394	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 (3305)	3305	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 (3490)	3490	Direct
Employee Stock Option (right to buy)	$261.32	2031-12-13	Common Stock (5700)	5700	Direct
Employee Stock Option (right to buy)	$197.80	2032-06-01	Common Stock (5920)	5920	Direct
Employee Stock Option (right to buy)	$238.60	2032-12-12	Common Stock (3780)	3780	Direct
Employee Stock Option (right to buy)	$325.99	2033-06-01	Common Stock (2600)	2600	Direct
Employee Stock Option (right to buy)	$355.90	2034-06-01	Common Stock (2260)	2260	Direct
Employee Stock Option (right to buy)	$400.97	2034-12-09	Common Stock (2060)	2060	Direct
Employee Stock Option (right to buy)	$424.82	2035-06-01	Common Stock (1888)	1888	Direct

Footnotes

F1: 25% per year for four years.