Winmark (WINA) CMO granted new stock options as equity compensation

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WINMARK CORP’s chief marketing officer, Lisa Schurke Hake, reported new stock option awards. On June 1, 2026, she received employee stock options covering 1,712 shares of common stock at an exercise price of $378.57 per share, and a separate grant covering 9,256 shares at the same exercise price. Both grants are scheduled to vest 25% per year for four years. The filing also shows an existing employee stock option relating to 1,216 underlying shares at an exercise price of $444.54 per share, exercisable beginning on December 15, 2026 and expiring on December 15, 2035. These awards are compensation-related grants rather than open‑market stock purchases or sales.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Hake Lisa Schurke

Role CHIEF MARKETING OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (right to buy)	9,256	$378.57	$3.50M
Grant/Award	Employee Stock Option (right to buy)	1,712	$378.57	$648K
holding	Employee Stock Option (right to buy)	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 9,256 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

New option grant 1: 1,712 underlying shares at $378.57 New option grant 2: 9,256 underlying shares at $378.57 Existing option position: 1,216 underlying shares at $444.54 +2 more

5 metrics

New option grant 1 1,712 underlying shares at $378.57 Employee stock option grant on June 1, 2026

New option grant 2 9,256 underlying shares at $378.57 Employee stock option grant on June 1, 2026

Existing option position 1,216 underlying shares at $444.54 Employee stock option, exercisable from December 15, 2026

Vesting schedule 25% per year for four years Applies to the option grants reported with footnote

Option expiration (existing grant) December 15, 2035 Expiration date for existing 1,216-share option

Key Terms

Employee Stock Option, underlying common shares, exercise price, vesting

4 terms

Employee Stock Option financial

"security_title: "Employee Stock Option (right to buy)""

An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.

underlying common shares financial

"underlying_security_title: "Common Stock" with underlying_security_shares values"

exercise price financial

"conversion_or_exercise_price: "378.5700" and "444.5400""

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.""

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.

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 05:36 PM

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^*

Hake Lisa Schurke

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHIEF MARKETING OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$378.57	06/01/2026		A		9,256		06/01/2031⁽¹⁾	06/01/2036	Common Stock	9,256	$378.57	9,256	D
Employee Stock Option (right to buy)	$378.57	06/01/2026		A		1,712		06/01/2027⁽¹⁾	06/01/2036	Common Stock	1,712	$378.57	1,712	D
Employee Stock Option (right to buy)	$444.54							12/15/2026⁽¹⁾	12/15/2035	Common Stock	1,216		1,216	D

Explanation of Responses:

1. 25% per year for four years.

	/s/ Lisa S. Hake	06/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did WINMARK (WINA) report for Lisa Schurke Hake?

WINMARK reported that chief marketing officer Lisa Schurke Hake received new employee stock option awards. These options are compensation grants, not open-market stock purchases or sales, and give her the right to buy WINMARK common shares at fixed exercise prices in the future.

How many WINMARK (WINA) stock options were granted to the CMO on June 1, 2026?

On June 1, 2026, WINMARK’s CMO received options over 1,712 and 9,256 underlying common shares. Both grants are employee stock options, providing potential future share ownership if exercised at their stated exercise price of $378.57 per share.

What are the exercise prices and terms of the new WINMARK (WINA) option grants?

The new employee stock option grants have an exercise price of $378.57 per share. They relate to 1,712 and 9,256 underlying common shares, respectively, and are scheduled to vest 25% per year for four years according to the disclosed vesting footnote.

How do the WINMARK (WINA) options granted to the CMO vest over time?

The filing states the options vest 25% per year for four years. This means each year one-quarter of the granted options becomes exercisable, gradually increasing the number of options the chief marketing officer can choose to exercise over the four-year period.

What existing WINMARK (WINA) stock option position does the CMO hold?

In addition to new grants, the CMO holds an existing employee stock option tied to 1,216 underlying common shares. This option carries an exercise price of $444.54 per share and is scheduled to be exercisable starting December 15, 2026, before expiring December 15, 2035.