Director at Winmark (NASDAQ: WINA) exercises options for 3,700 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WINMARK CORP director Percy C. Tomlinson Jr reported exercising stock options to acquire a total of 3,700 shares of common stock. The Form 4 shows two option exercises coded "M": 200 shares at an exercise price of $197.80 per share and 3,500 shares at $242.58 per share. Following these transactions, individual line items report direct common stock holdings of 4,500 shares in one entry and 4,300 shares in another. The filing also lists multiple remaining non-employee stock option awards on WINMARK CORP common stock with exercise prices generally between $238.60 and $446.68 per share, expiring between 2032 and 2036, which vest at a rate of 25% per year for four years.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,700 shares exercised/converted
Mixed
12 txns
Insider
Tomlinson Percy C Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Employee Stock Option (right to buy) | 3,500 | $242.58 | $849K |
| Exercise | Non-Employee Stock Option (right to buy) | 200 | $197.80 | $40K |
| Exercise | Common Stock | 3,500 | $242.58 | $849K |
| Exercise | Common Stock | 200 | $197.80 | $40K |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Non-Employee Stock Option (right to buy) — 1,900 shares (Direct, null);
Common Stock — 4,300 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options exercised: 3,700 shares
Exercise price (grant 1): $197.80/share
Exercise price (grant 2): $242.58/share
+4 more
7 metrics
Options exercised
3,700 shares
Total shares acquired through derivative exercises coded M
Exercise price (grant 1)
$197.80/share
Non-employee stock option on 200 common shares
Exercise price (grant 2)
$242.58/share
Non-employee stock option on 3,500 common shares
Post-transaction holding (entry 1)
4,500 shares
Direct common stock holding reported after 200-share exercise
Post-transaction holding (entry 2)
4,300 shares
Direct common stock holding reported after 3,500-share exercise
Remaining option strike range
$238.60–$446.68
Exercise prices on outstanding non-employee stock options
Option expirations
2032–2036
Expiration dates for remaining non-employee stock options
Key Terms
Non-Employee Stock Option (right to buy), Exercise or conversion of derivative security, derivative, exercise price, +1 more
5 terms
Non-Employee Stock Option (right to buy) financial
"security_title: "Non-Employee Stock Option (right to buy)""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
derivative financial
"transaction_type: "derivative" for option transactions"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
exercise price financial
"conversion_or_exercise_price fields such as "197.8000" and "242.5800""
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.
vesting financial
"footnote: "25% per year for four years." describing vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
