[Form 4] WINMARK CORP Insider Trading Activity

Rhea-AI Filing Summary

WINMARK CORP director Keith Credendino received a new stock option grant for 356 shares of common stock at an exercise price of $378.57 per share. The options are scheduled to vest at 25% per year over four years, aligning compensation with longer-term company performance.

After this grant, Credendino holds additional non-employee stock options that are exercisable into 256 shares at an exercise price of $444.54 and 3,000 shares at $393.64, both expiring in 2035. The new 2036-dated grant increases his overall equity-based incentive position without involving any open-market share purchases or sales in this filing.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Credendino Keith

Role null

Type	Security	Shares	Price	Value
Grant/Award	Non-Employee Stock Option (right to buy)	356	$378.57	$135K
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) — 356 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

New option grant size: 356 options New option exercise price: $378.57 per share Vesting schedule: 25% per year for four years +3 more

6 metrics

New option grant size 356 options Non-Employee Stock Option grant to director on June 1, 2026

New option exercise price $378.57 per share Strike price for 356-option grant

Vesting schedule 25% per year for four years Applies to new 356-option grant

Existing options at $444.54 256 underlying shares Non-Employee Stock Option expiring December 15, 2035

Existing options at $393.64 3,000 underlying shares Non-Employee Stock Option expiring August 7, 2035

New grant expiration June 1, 2036 Expiration date for 356-option grant

Key Terms

Non-Employee Stock Option (right to buy), exercise price, expiration date, vesting

4 terms

Non-Employee Stock Option (right to buy) financial

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

exercise price financial

"conversion_or_exercise_price: 378.5700"

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.

expiration date financial

"expiration_date: 2036-06-01T00:00:00.000Z"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

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 →

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^*

Credendino Keith

(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)

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

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)
			Code	V	Amount	(A) or (D)	Price

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
Non-Employee Stock Option (right to buy)	$378.57	06/01/2026		A		356		06/01/2027(1)	06/01/2036	Common Stock	356	$378.57	356	D
Non-Employee Stock Option (right to buy)	$393.64							08/07/2026(1)	08/07/2035	Common Stock	3,000		3,000	D
Non-Employee Stock Option (right to buy)	$444.54							12/15/2026(1)	12/15/2035	Common Stock	256		256	D

Explanation of Responses:

1. 25% per year for four years.

	/s/ Keith Credendino	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)

FAQ

What insider transaction did WINMARK CORP (WINA) disclose for Keith Credendino?

WINMARK CORP disclosed that director Keith Credendino received a grant of 356 non-employee stock options. These options relate to common stock and were awarded as compensation, rather than through open-market buying or selling, reflecting an increase in his equity-based incentives.

How many WINMARK CORP (WINA) options were granted to Keith Credendino and at what price?

Keith Credendino was granted 356 non-employee stock options linked to WINMARK CORP common stock at an exercise price of $378.57 per share. This strike price is the cost per share required to acquire the underlying stock upon future exercise.

What is the vesting schedule for Keith Credendino’s new WINMARK CORP (WINA) stock options?

The new stock options granted to Keith Credendino vest 25% per year for four years. This means the options become exercisable gradually over time, encouraging longer-term board service and alignment with the company’s multi-year performance.

What existing WINMARK CORP (WINA) option positions does Keith Credendino hold after this Form 4?

After this Form 4 event, Keith Credendino holds options tied to 256 shares at a $444.54 exercise price and 3,000 shares at $393.64. Both option positions relate to WINMARK CORP common stock and carry expiration dates in 2035.

Were there any open-market buys or sells by Keith Credendino in this WINMARK CORP (WINA) filing?

The filing shows no open-market share purchases or sales by Keith Credendino. It reports a grant of 356 non-employee stock options as compensation and lists existing option holdings, without any explicit buying or selling transactions.