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Winmark COO exercises 2,500 options, sells shares

The chief operating officer's three sales covered the option exercise price and taxes, while reported options included expirations in 2027.

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Form Type
4/A

Rhea-AI Filing Summary

Winmark Corp Chief Operating Officer Renae M. Gaudette exercised options covering 2,500 shares at a $125.50 exercise price on October 22, 2026, and acquired 2,500 common shares. She sold 1,875 shares in three transactions: 421 at an average $285.19, 209 at $284.06 and 1,245 at $282.80. The sales covered the exercise price and taxes due on the option exercises. No Rule 10b5-1 plan is reported.

Remaining reported options included 2,500 underlying shares at $122.50 expiring June 1, 2027, and 2,500 at $134.25 expiring December 11, 2027.

Insider Gaudette Renae M.
Role CHIEF OPERATING OFFICER
Sold 1,875 shs ($532K)
Approx. gross sale proceeds $532K
Approx. exercise cost $314K
Type Security Shares Price Value
Exercise Employee Stock Option (right to buy) F4 2,500 $125.50 $314K
Exercise Common Stock 2,500 $125.50 $314K
Sale Common Stock F1 421 $285.19 $120K
Sale Common Stock F2 209 $284.06 $59K
Sale Common Stock F3 1,245 $282.80 $352K
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Options (Right to Buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
holding Employee Stock Option (right to buy) F4 -- -- --
Holdings After Transaction: Employee Stock Option (right to buy) — 45,548 contracts (Direct); Common Stock — 21,985 shares (Direct); Employee Stock Options (Right to Buy) — 2,520 contracts (Direct)
Footnotes (4)
  1. F1. 421 shares sold at an average price of $285.19, with a range of $284.68 to $285.65, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
  2. F2. 209 shares sold at an average price of $284.06, with a range of $283.50 to $284.50, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
  3. F3. 1245 shares sold at an average price of $282.80, with a range of $282.48 to $283.32, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
  4. F4. 25% per year for four years.
Options exercised 2,500 shares October 22, 2026
Exercise price $125.50 per share Options exercised October 22, 2026
Common shares acquired 2,500 shares October 22, 2026
Shares sold 1,875 shares Three transactions on October 22, 2026
Shares sold and average price 421 shares at $285.19 per share October 22, 2026
Shares sold and average price 209 shares at $284.06 per share October 22, 2026
Shares sold and average price 1,245 shares at $282.80 per share October 22, 2026
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy)"
exercise price financial
"payment of exercise price of and taxes due on option exercises"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
derivative security technical
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many WINA shares did Renae M. Gaudette sell, and at what prices?

Renae M. Gaudette sold 1,875 shares on October 22, 2026, in three transactions: 421 at an average $285.19, 209 at $284.06 and 1,245 at $282.80. The sales covered the exercise price and taxes due on option exercises. No Rule 10b5-1 plan is reported.

How many WINA options did Renae M. Gaudette exercise?

On October 22, 2026, she exercised options covering 2,500 shares at a $125.50 exercise price and acquired 2,500 common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Gaudette Renae M.

(Last)(First)(Middle)
605 HIGHWAY 169 N. SUITE 400

(Street)
MINNEAPOLIS MINNESOTA 55441

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
WINMARK CORP [ WINA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CHIEF OPERATING OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
10/22/2026
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)
CodeVAmount(A) or (D)Price
Common Stock10/22/2026M2,500A$125.523,860D
Common Stock10/22/2026S421D$285.19(1)23,439D
Common Stock10/22/2026S209D$284.06(2)23,230D
Common Stock10/22/2026S1,245D$282.8(3)21,985D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy)$125.510/22/2026M2,50012/12/2017(4)12/12/2026Common Stock2,500$125.50D
Employee Stock Option (right to buy)$122.506/01/2018(4)06/01/2027Common Stock2,5002,500D
Employee Stock Option (right to buy)$134.2512/11/2018(4)12/11/2027Common Stock2,5002,500D
Employee Stock Option (right to buy)$143.206/01/2019(4)06/01/2028Common Stock3,0003,000D
Employee Stock Option (right to buy)$15612/11/2019(4)12/11/2028Common Stock3,0003,000D
Employee Stock Option (right to buy)$164.8406/01/2020(4)06/01/2029Common Stock3,0003,000D
Employee Stock Option (right to buy)$176.212/16/2020(4)12/16/2029Common Stock3,0003,000D
Employee Stock Option (right to buy)$143.8706/01/2021(4)06/01/2030Common Stock3,5003,500D
Employee Stock Option (right to buy)$183.8712/14/2021(4)12/14/2030Common Stock3,5003,500D
Employee Stock Option (right to buy)$195.8206/01/2022(4)06/01/2031Common Stock3,5003,500D
Employee Stock Option (right to buy)$261.3212/13/2022(4)12/13/2031Common Stock3,5003,500D
Employee Stock Option (right to buy)$197.806/01/2023(4)06/01/2032Common Stock4,4804,480D
Employee Stock Options (Right to Buy)$238.612/12/2023(4)12/12/2032Common Stock2,5202,520D
Employee Stock Option (right to buy)$325.9906/01/2024(4)06/01/2033Common Stock2,0002,000D
Employee Stock Option (right to buy)$355.906/01/2025(4)06/01/2034Common Stock1,7401,740D
Employee Stock Option (right to buy)$400.9712/09/2025(4)12/09/2034Common Stock1,5801,580D
Employee Stock Option (right to buy)$424.8206/01/2026(4)06/01/2035Common Stock1,4481,448D
Employee Stock Option (right to buy)$444.5412/15/2026(4)12/15/2035Common Stock1,3161,316D
Employee Stock Option (right to buy)$378.5706/01/2027(4)06/01/2036Common Stock1,9841,984D
Explanation of Responses:
1. 421 shares sold at an average price of $285.19, with a range of $284.68 to $285.65, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
2. 209 shares sold at an average price of $284.06, with a range of $283.50 to $284.50, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
3. 1245 shares sold at an average price of $282.80, with a range of $282.48 to $283.32, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
4. 25% per year for four years.
/s/ Renae M Gaudette10/23/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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