Winnebago CEO reports option exercise and share sale on 10/27/2025

Rhea-AI Filing Summary

Winnebago Industries (WGO) President & CEO (also a Director) reported insider transactions on 10/27/2025.

He exercised 10,000 employee stock options at an exercise price of $16.67 per share (code M), converting them into common stock. On the same date, he sold 7,105 shares of common stock at a price of $41.38 per share (code S).

Following these transactions, he beneficially owned 347,501 common shares, held directly. The option reported was fully vested and showed 0 remaining derivative securities after the exercise.

Insider Trade Summary

Net Seller: 7,105 shares ($294,005)

Net Sell 3 txns

Insider Happe Michael J

Role PRESIDENT & CEO

Sold 7,105 shs ($294K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	10,000	$0.00	--
Exercise	Common Stock, $.50 par value	10,000	$16.67	$167K
Sale	Common Stock, $.50 par value	7,105	$41.38	$294K

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Common Stock, $.50 par value — 354,606 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Happe Michael J

(Last) (First) (Middle)

WINNEBAGO INDUSTRIES, INC.

13200 PIONEER TRAIL

(Street)

EDEN PRAIRIE MN 55347

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WINNEBAGO INDUSTRIES INC [ WGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT & CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.50 par value	10/27/2025		M		10,000	A	$16.67	354,606	D
Common Stock, $.50 par value	10/27/2025		S		7,105	D	$41.38	347,501	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$16.67	10/27/2025		M			10,000	(1)	01/18/2026	Common Stock	10,000	$0	0	D

Explanation of Responses:

1. Fully vested.

	/s/ Stacy L. Bogart, Attorney-in-Fact	10/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did WGO's CEO report?

On 10/27/2025, the CEO exercised 10,000 options at $16.67 and sold 7,105 shares at $41.38.

How many WGO shares does the insider own after the transactions?

After the reported transactions, the insider beneficially owned 347,501 common shares directly.

What type of derivative security was involved?

An employee stock option (right to buy) with an exercise price of $16.67 per share; it was fully vested.

What were the Form 4 transaction codes used?

Code M for option exercise and code S for the sale of common shares.

What roles does the reporting person hold at Winnebago (WGO)?

The reporting person is both a Director and the President & CEO.

Were any derivative securities remaining after the exercise?

The filing shows 0 derivative securities remaining after the exercise.

What was the transaction date for the reported activities?

The transactions occurred on 10/27/2025.