[Form 4] WINMARK CORP Insider Trading Activity
Lawrance A. Barbetta, a director of Winmark Corp (WINA), reported open-market sales of common stock on 09/17/2025. The Form 4 shows two sales: 216 shares sold at an average price of $505.33 (range $505.11–$506.10) and 636 shares sold at an average price of $504.91 (range $504.77–$505.01). After those transactions the reported amounts beneficially owned are shown as 1,285 and 649 shares respectively. The filing also lists outstanding non-employee director stock options that in aggregate cover 7,551 underlying shares with various exercise prices and expiration dates through 2035.
Lawrance A. Barbetta, direttore di Winmark Corp (WINA), ha comunicato vendite di azioni ordinarie sul mercato aperto il 17/09/2025. Il modulo 4 riporta due vendite: 216 azioni vendute al prezzo medio di 505,33 dollari (intervallo 505,11–506,10) e 636 azioni vendute al prezzo medio di 504,91 dollari (intervallo 504,77–505,01). Dopo queste operazioni le quote possedute beneficiariamente risultano essere 1.285 e 649 azioni rispettivamente. La pratica riporta anche stock option per direttori non-dipendenti in corso che, in totale, coprono 7.551 azioni sottostanti con vari prezzi di esercizio e date di scadenza fino al 2035.
Lawrance A. Barbetta, director de Winmark Corp (WINA), informó ventas en el mercado abierto de acciones comunes el 17/09/2025. El Formulario 4 muestra dos ventas: 216 acciones vendidas a un precio medio de 505,33 $ (rango 505,11–506,10) y 636 acciones vendidas a un precio medio de 504,91 $ (rango 504,77–505,01). Tras esas operaciones, las cantidades reportadas de propiedad beneficiosa son 1.285 y 649 acciones, respectivamente. El documento también lista opciones de stock para directores no empleados en curso que en conjunto cubren 7.551 acciones subyacentes con diversos precios de ejercicio y fechas de vencimiento hasta 2035.
Lawrance A. Barbetta, Winmark Corp(WINA)의 이사로서 2025년 9월 17일 공개시장 매도를 보고했습니다. Form 4에는 두 건의 매도가 표시되는데, 각각 평균가 505.33달러로 216주, 범위 505.11–506.10, 그리고 평균가 504.91달러로 636주, 범위 504.77–505.01입니다. 이러한 거래 이후 보고된 실질 보유 주식 수는 각각 1,285주와 649주로 표시됩니다. 공시는 또한 비근로자 이사 주식옵션이 진행 중이며, 총 7,551주를 기초 주식으로 커버하고 있어 행사 가격과 만기일이 2035년까지 다양한 옵션이 나열되어 있습니다.
Lawrance A. Barbetta, administrateur de Winmark Corp (WINA), a signalé des ventes sur le marché libre d’actions ordinaires le 17/09/2025. Le formulaire 4 indique deux ventes : 216 actions vendues à un prix moyen de 505,33 $ (plage 505,11–506,10) et 636 actions vendues à un prix moyen de 504,91 $ (plage 504,77–505,01). Suite à ces transactions, les montants déclarés détenus de manière bénéficiaire sont respectivement de 1 285 et 649 actions. Le dépôt liste également des options d’actions de directeurs non employés en cours qui, au total, couvrent 7 551 actions sous-jacentes avec divers prix d’exercice et dates d’expiration jusqu’en 2035.
Lawrance A. Barbetta, Direktor bei Winmark Corp (WINA), meldete Open-Market-Verkäufe von Stammaktien am 17.09.2025. Das Formular 4 zeigt zwei Verkäufe: 216 Aktien zum Durchschnittspreis von 505,33 $ (Bandbreite 505,11–506,10) und 636 Aktien zum Durchschnittspreis von 504,91 $ (Bandbreite 504,77–505,01). Nach diesen Transaktionen werden die gemeldeten von dem Melder beneficially Owned Beträge mit 1.285 bzw. 649 Aktien angegeben. Die Einreichung listet außerdem ausstehende Optionen von Direktoren, die nicht angestellt sind und zusammen 7.551 zugrunde liegende Aktien mit verschiedenen Ausübungspreisen und Verfallsdaten bis 2035 abdecken.
Lawrance A. Barbetta، مدير في Winmark Corp (WINA)، أبلغ عن مبيعات في السوق المفتوح لأسهم عادية في 17/09/2025. يظهر النموذج 4 شيئين: 216 سهماً بيعت بالسعر المتوسط 505.33 دولاراً (النطاق 505.11–506.10) و636 سهماً بيعت بالسعر المتوسط 504.91 دولاراً (النطاق 504.77–505.01). بعد هذه المعاملات، كما هو مذكور، ملكيات المفيدة تبلغ 1,285 و649 سهماً على التوالي. كما يتضمن التقديم أيضاً خيارات أسهم من مديريْن غير موظفين قائمة تغطي مجتمعة 7,551 سهماً أساسياً مع أسعار ممارسة مختلفة وتواريخ انتهاء حتى 2035.
Lawrance A. Barbetta，Winmark Corp (WINA) 的董事，已就公开市场出售普通股于2025年9月17日进行了报告。 Form 4显示两笔出售：216股，平均价格为505.33美元（区间505.11–506.10），以及636股，平均价格为504.91美元（区间504.77–505.01）。交易后，报告的受益所有权分别为1,285股和649股。申报还列出未受雇董事的未到期股票期权，总计覆盖< b>7,551股基础股票，行使价格和到期日分散，直至2035年。
- Director retains substantial equity-linked exposure via 16 outstanding option grants covering 7,551 underlying shares with expirations through 2035
- Sales were reported transparently with average prices and trade ranges provided, meeting Section 16 disclosure requirements
- Director executed open-market sales of 852 shares on 09/17/2025, which reduces direct share ownership
- No explanation provided on the Form 4 for the reason for the disposals beyond standard reporting fields
Insights
TL;DR: Routine director sales occurred; option holdings remain substantial, so equity exposure is largely intact.
The director executed two open-market sales totaling 852 shares on 09/17/2025 at roughly $505 per share. These transactions are reported as dispositions rather than exercises and appear consistent with routine liquidity actions by insiders rather than option exercises or other structural changes. The Form 4 also documents 16 outstanding non-employee director stock option grants that together underlie 7,551 common shares with staggered expirations through 2035, preserving long-term equity exposure.
TL;DR: Insider selling noted, but significant option holdings and continued direct ownership suggest ongoing alignment with shareholders.
As a director, the reporting person is subject to Section 16 reporting and disclosed two small open-market disposals. The sale sizes (216 and 636 shares) are modest relative to the aggregate option position disclosed. The presence of numerous outstanding director option grants with multi-year expirations indicates continued incentive alignment; there is no disclosure here of any resignations, exercised-to-sell transactions, or other governance events.
Lawrance A. Barbetta, direttore di Winmark Corp (WINA), ha comunicato vendite di azioni ordinarie sul mercato aperto il 17/09/2025. Il modulo 4 riporta due vendite: 216 azioni vendute al prezzo medio di 505,33 dollari (intervallo 505,11–506,10) e 636 azioni vendute al prezzo medio di 504,91 dollari (intervallo 504,77–505,01). Dopo queste operazioni le quote possedute beneficiariamente risultano essere 1.285 e 649 azioni rispettivamente. La pratica riporta anche stock option per direttori non-dipendenti in corso che, in totale, coprono 7.551 azioni sottostanti con vari prezzi di esercizio e date di scadenza fino al 2035.
Lawrance A. Barbetta, director de Winmark Corp (WINA), informó ventas en el mercado abierto de acciones comunes el 17/09/2025. El Formulario 4 muestra dos ventas: 216 acciones vendidas a un precio medio de 505,33 $ (rango 505,11–506,10) y 636 acciones vendidas a un precio medio de 504,91 $ (rango 504,77–505,01). Tras esas operaciones, las cantidades reportadas de propiedad beneficiosa son 1.285 y 649 acciones, respectivamente. El documento también lista opciones de stock para directores no empleados en curso que en conjunto cubren 7.551 acciones subyacentes con diversos precios de ejercicio y fechas de vencimiento hasta 2035.
Lawrance A. Barbetta, Winmark Corp(WINA)의 이사로서 2025년 9월 17일 공개시장 매도를 보고했습니다. Form 4에는 두 건의 매도가 표시되는데, 각각 평균가 505.33달러로 216주, 범위 505.11–506.10, 그리고 평균가 504.91달러로 636주, 범위 504.77–505.01입니다. 이러한 거래 이후 보고된 실질 보유 주식 수는 각각 1,285주와 649주로 표시됩니다. 공시는 또한 비근로자 이사 주식옵션이 진행 중이며, 총 7,551주를 기초 주식으로 커버하고 있어 행사 가격과 만기일이 2035년까지 다양한 옵션이 나열되어 있습니다.
Lawrance A. Barbetta, administrateur de Winmark Corp (WINA), a signalé des ventes sur le marché libre d’actions ordinaires le 17/09/2025. Le formulaire 4 indique deux ventes : 216 actions vendues à un prix moyen de 505,33 $ (plage 505,11–506,10) et 636 actions vendues à un prix moyen de 504,91 $ (plage 504,77–505,01). Suite à ces transactions, les montants déclarés détenus de manière bénéficiaire sont respectivement de 1 285 et 649 actions. Le dépôt liste également des options d’actions de directeurs non employés en cours qui, au total, couvrent 7 551 actions sous-jacentes avec divers prix d’exercice et dates d’expiration jusqu’en 2035.
Lawrance A. Barbetta, Direktor bei Winmark Corp (WINA), meldete Open-Market-Verkäufe von Stammaktien am 17.09.2025. Das Formular 4 zeigt zwei Verkäufe: 216 Aktien zum Durchschnittspreis von 505,33 $ (Bandbreite 505,11–506,10) und 636 Aktien zum Durchschnittspreis von 504,91 $ (Bandbreite 504,77–505,01). Nach diesen Transaktionen werden die gemeldeten von dem Melder beneficially Owned Beträge mit 1.285 bzw. 649 Aktien angegeben. Die Einreichung listet außerdem ausstehende Optionen von Direktoren, die nicht angestellt sind und zusammen 7.551 zugrunde liegende Aktien mit verschiedenen Ausübungspreisen und Verfallsdaten bis 2035 abdecken.
FAQ
What insider activity did Winmark Corp (WINA) report on this Form 4?
How many stock options does the reporting director hold according to the filing?
Were the reported transactions open-market sales or option exercises?
What prices were reported for the sales on the Form 4?
Does the filing show any change in the director’s role or relationship to WINA?
