STOCK TITAN

Winmark (WINA) COO awarded 1,316 stock options at $444.54 expiring in 2035

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

Rhea-AI Filing Summary

Winmark Corp's chief operating officer Renae M. Gaudette reported receiving an employee stock option grant on 12/15/2025. The grant covers 1,316 options to buy Winmark common stock at an exercise price of $444.54 per share and is first exercisable on 12/15/2026.

These options expire on 12/15/2035 and vest at a rate of 25% per year for four years. Following the reported transactions, Gaudette directly owns 18,860 shares of Winmark common stock and continues to hold multiple prior option grants with various exercise prices and expirations.

Positive

  • None.

Negative

  • None.
Insider Gaudette Renae M.
Role CHIEF OPERATING OFFICER
Type Security Shares Price Value
Grant/Award Employee Stock Option (right to buy) 1,316 $444.54 $585K
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 Options (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) — 1,316 shares (Direct); Employee Stock Options (Right to Buy) — 2,520 shares (Direct); Common Stock — 18,860 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*
Gaudette Renae M.

(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 OPERATING 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 18,860 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 1,316 12/15/2026(1) 12/15/2035 Common Stock 1,316 $444.54 1,316 D
Employee Stock Option (right to buy) $98.25 06/01/2017(1) 06/01/2026 Common Stock 2,500 2,500 D
Employee Stock Option (right to buy) $125.5 12/12/2017(1) 12/12/2026 Common Stock 2,500 2,500 D
Employee Stock Option (right to buy) $122.5 06/01/2018(1) 06/01/2027 Common Stock 2,500 2,500 D
Employee Stock Option (right to buy) $134.25 12/11/2018(1) 12/11/2027 Common Stock 2,500 2,500 D
Employee Stock Option (right to buy) $143.2 06/01/2019(1) 06/01/2028 Common Stock 3,000 3,000 D
Employee Stock Option (right to buy) $156 12/11/2019(1) 12/11/2028 Common Stock 3,000 3,000 D
Employee Stock Option (right to buy) $164.84 06/01/2020(1) 06/01/2029 Common Stock 3,000 3,000 D
Employee Stock Option (right to buy) $176.2 12/16/2020(1) 12/16/2029 Common Stock 3,000 3,000 D
Employee Stock Option (right to buy) $143.87 06/01/2021(1) 06/01/2030 Common Stock 3,500 3,500 D
Employee Stock Option (right to buy) $183.87 12/14/2021(1) 12/14/2030 Common Stock 3,500 3,500 D
Employee Stock Option (right to buy) $195.82 06/01/2022(1) 06/01/2031 Common Stock 3,500 3,500 D
Employee Stock Option (right to buy) $261.32 12/13/2022(1) 12/13/2031 Common Stock 3,500 3,500 D
Employee Stock Option (right to buy) $197.8 06/01/2023(1) 06/01/2032 Common Stock 4,480 4,480 D
Employee Stock Options (Right to Buy) $238.6 12/12/2023(1) 12/12/2032 Common Stock 2,520 2,520 D
Employee Stock Option (right to buy) $325.99 06/01/2024(1) 06/01/2033 Common Stock 2,000 2,000 D
Employee Stock Option (right to buy) $355.9 06/01/2025(1) 06/01/2034 Common Stock 1,740 1,740 D
Employee Stock Option (right to buy) $400.97 12/09/2025(1) 12/09/2034 Common Stock 1,580 1,580 D
Employee Stock Option (right to buy) $424.82 06/01/2026(1) 06/01/2035 Common Stock 1,448 1,448 D
Explanation of Responses:
1. 25% per year for four years.
/s/ Renae M Gaudette 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 (WINA) report for its COO?

On 12/15/2025, Winmark's chief operating officer Renae M. Gaudette reported receiving an employee stock option grant covering 1,316 options to buy Winmark common stock at an exercise price of $444.54 per share.

At what price can the new Winmark COO stock options be exercised?

The new employee stock options granted to the COO have an exercise price of $444.54 per share for Winmark common stock.

When do the newly granted Winmark COO options vest and expire?

The options are first exercisable on 12/15/2026 and, according to the footnote, vest at 25% per year for four years. They have an expiration date of 12/15/2035.

How many Winmark common shares does the COO own after this transaction?

After the reported transaction, Renae M. Gaudette beneficially owns 18,860 shares of Winmark common stock directly.

What other stock options does the Winmark COO hold besides the new grant?

In addition to the new grant, the COO holds multiple existing employee stock option awards, including grants with exercise prices such as $98.25, $125.5, $197.8, and others, each tied to specific grant and expiration dates between 2026 and 2035.

What is Renae M. Gaudette’s role and relationship to Winmark (WINA)?

Renae M. Gaudette is listed as an officer of Winmark Corp, serving as its chief operating officer, and is a reporting person for this insider transaction.