STOCK TITAN

Winmark Corp (WINA) CFO discloses 1,712-share option grant, holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Winmark Corp’s chief financial officer reported a new stock option grant and updated equity holdings. On 12/15/2025, the officer received an employee stock option to buy 1,712 shares of common stock at an exercise price of $444.54 per share. This option becomes exercisable on 12/15/2026, expires on 12/15/2035, and is subject to a vesting schedule of 25% per year for four years. Following the reported transactions, the officer directly beneficially owned 66,483 shares of Winmark common stock and held multiple additional employee stock option awards with various exercise prices and expiration dates.

Positive

  • None.

Negative

  • None.
Insider Ishaug Anthony D
Role CHIEF FINANCIAL OFFICER
Type Security Shares Price Value
Grant/Award Employee Stock Option (right to buy) 1,712 $444.54 $761K
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Employee Stock Option (right to buy) -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Employee Stock Option (right to buy) — 1,712 shares (Direct); Common Stock — 66,483 shares (Direct)
Footnotes (1)
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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*
Ishaug Anthony D

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

(Street)
MINNEAPOLIS MN 55441

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WINMARK CORP [ WINA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF FINANCIAL OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025
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 66,483 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) $444.54 12/15/2025 A 1,712 12/15/2026(1) 12/15/2035 Common Stock 1,712 $444.54 1,712 D
Employee Stock Option (right to buy) $98.25 06/01/2017(1) 06/01/2026 Common Stock 3,293 3,293 D
Employee Stock Option (right to buy) $125.5 12/12/2017(1) 12/12/2026 Common Stock 6,800 6,800 D
Employee Stock Option (right to buy) $122.5 06/01/2018(1) 06/06/2027 Common Stock 4,184 4,184 D
Employee Stock Option (right to buy) $134.25 12/11/2018(1) 12/11/2027 Common Stock 5,000 5,000 D
Employee Stock Option (right to buy) $143.2 06/01/2019(1) 06/01/2028 Common Stock 4,302 4,302 D
Employee Stock Option (right to buy) $156 12/11/2019(1) 12/11/2028 Common Stock 5,000 5,000 D
Employee Stock Option (right to buy) $164.84 06/01/2020(1) 06/01/2029 Common Stock 3,394 3,394 D
Employee Stock Option (right to buy) $176.2 12/16/2020(1) 12/16/2029 Common Stock 4,000 4,000 D
Employee Stock Option (right to buy) $143.87 06/01/2021(1) 06/01/2030 Common Stock 3,305 3,305 D
Employee Stock Option (right to buy) $183.87 12/14/2021(1) 12/14/2030 Common Stock 4,000 4,000 D
Employee Stock Option (right to buy) $195.82 06/01/2022(1) 06/01/2031 Common Stock 3,490 3,490 D
Employee Stock Option (right to buy) $261.32 12/13/2022(1) 12/13/2031 Common Stock 5,700 5,700 D
Employee Stock Option (right to buy) $197.8 06/01/2023(1) 06/01/2032 Common Stock 5,920 5,920 D
Employee Stock Option (right to buy) $238.6 12/12/2023(1) 12/12/2032 Common Stock 3,780 3,780 D
Employee Stock Option (right to buy) $325.99 06/01/2024(1) 06/01/2033 Common Stock 2,600 2,600 D
Employee Stock Option (right to buy) $355.9 06/01/2025(1) 06/01/2034 Common Stock 2,260 2,260 D
Employee Stock Option (right to buy) $400.97 12/09/2025(1) 12/09/2034 Common Stock 2,060 2,060 D
Employee Stock Option (right to buy) $424.82 06/01/2026(1) 06/01/2035 Common Stock 1,888 1,888 D
Explanation of Responses:
1. 25% per year for four years.
/s/ Anthony D. Ishaug 12/15/2025
** 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 transaction did Winmark Corp (WINA) report for its chief financial officer?

The filing shows that Winmark’s chief financial officer received an employee stock option on 12/15/2025 covering 1,712 shares of Winmark common stock at an exercise price of $444.54 per share.

How many Winmark Corp (WINA) shares does the CFO beneficially own after the reported transaction?

After the reported transaction, the chief financial officer beneficially owned 66,483 shares of Winmark common stock, held in direct ownership.

What are the key terms of the new stock option grant reported by Winmark Corp (WINA)?

The new grant is an employee stock option (right to buy) for 1,712 shares of common stock at an exercise price of $444.54 per share. It becomes exercisable on 12/15/2026, expires on 12/15/2035, and according to the explanation of responses, vests 25% per year for four years.

Who is the reporting person in this Winmark Corp (WINA) Form 4 filing and what is their role?

The reporting person is Anthony D. Ishaug, who is identified as an officer of Winmark Corp with the title Chief Financial Officer. The form is filed by one reporting person.

What other stock options are reported as held by the Winmark Corp (WINA) CFO?

The filing lists multiple existing employee stock options with different terms. Examples include an option with an exercise price of $98.25 expiring on 06/01/2026 covering 3,293 shares of common stock, and another with an exercise price of $125.5 expiring on 12/12/2026 covering 6,800 shares, all held in direct ownership.

What vesting schedule is disclosed for the Winmark Corp (WINA) stock options?

The explanation of responses states that the relevant stock options vest 25% per year for four years, indicating a four-year graded vesting schedule tied to the awards marked with the related footnote.