WINA Form 4: Director Gina Sprenger Reports 250-Share Purchase and 14,500 Options
Rhea-AI Filing Summary
Gina De Caro Sprenger, a director of Winmark Corp (WINA), reported an insider purchase and existing option holdings on a Form 4. On 08/13/2025 she purchased 250 shares of Winmark common stock at $410.77 per share, and the form shows 250 shares beneficially owned directly following the reported transaction. The filing also lists multiple non-employee stock option awards held by Ms. Sprenger, including a 10,000-share option at $182.21 exercisable 01/13/2031 and several smaller option tranches. In total the filing lists 14,500 option rights with exercise prices ranging from $182.21 to $446.68 and expiration/exercisable dates between 01/13/2031 and 06/01/2035.
Positive
- Insider purchase: Director Gina De Caro Sprenger purchased 250 shares of WINA at $410.77 on 08/13/2025
- Substantial option holdings: The filing lists 14,500 non-employee stock option rights with strike prices from $182.21 to $446.68 and expirations/exercisable dates through 06/01/2035
- Form filed individually: The Form 4 is filed by one reporting person and shows her relationship as a Director
Negative
- None.
Insights
TL;DR: A small open-market purchase of 250 shares is reported alongside substantial option holdings; impact is limited without size context.
The Form 4 documents a purchase of 250 Winmark shares at $410.77 and enumerates 14,500 non-employee stock options across multiple grant dates and strike prices. The purchase itself is modest in absolute share count, while the option inventory represents meaningful potential future equity exposure if exercised. For investors, the filing is noteworthy as a record of insider activity and long-dated option positions, but it does not by itself provide information on timing or intent beyond the transactions reported.
TL;DR: Routine Section 16 disclosure by a director showing an open-market buy and existing option grants; governance implications are neutral.
The filing indicates compliance with Section 16 reporting and shows Ms. Sprenger as a director who completed a purchase on 08/13/2025 and continues to hold multiple non-employee options. The disclosure is consistent with normal director compensation practices and post-grant reporting. There are no disclosures of amendments, pledges, or transfers that would raise immediate governance concerns in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 250 | $410.77 | $103K |
| 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) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Employee Stock Option (right to buy) | -- | -- | -- |
Footnotes (1)
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