Winmark director granted 356 stock options

WINMARK CORP director Stephanie S. Hoppe reported a new stock option grant.

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Form Type

Rhea-AI Filing Summary

WINMARK CORP director Stephanie S. Hoppe reported a new stock option grant. She received 356 Non-Employee Stock Options to buy Common Stock at an exercise price of $378.57 per share, expiring on June 1, 2036, described as a grant, award, or other acquisition.

The options vest 25% per year for four years according to the footnote, indicating a multi‑year compensation structure rather than an open-market purchase. The filing also shows an existing Non-Employee Stock Option covering 3,400 underlying Common Stock shares at a $372.02 exercise price, expiring on May 5, 2036, which remains outstanding.

Insider Trade Summary

Grant/Award: 356 shares

Grant/Award 2 txns

Insider Hoppe Stephanie S.

Role Director

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)	--	--	--

Holdings After Transaction: Non-Employee Stock Option (right to buy) — 3,756 contracts for 3,400 underlying shares (Direct)

Footnotes (1)

F1. 25% per year for four years.

Key Figures

New option grant size: 356 options New option exercise price: $378.57 per share New option expiration: June 1, 2036 +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 Exercise price for 356-option grant expiring June 1, 2036

New option expiration June 1, 2036 Expiration date of 356 Non-Employee Stock Options

Existing option underlying shares 3,400 shares Underlying Common Stock for existing Non-Employee Stock Option holding

Existing option exercise price $372.02 per share Exercise price of existing option holding expiring May 5, 2036

Existing option expiration May 5, 2036 Expiration date for existing 3,400-share Non-Employee Stock Option

Key Terms

Non-Employee Stock Option, exercise price, expiration date, grant, award, or other acquisition, +1 more

5 terms

Non-Employee Stock Option financial

"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.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

underlying security financial

"underlying_security_title": "Common Stock""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Winmark (WINA) director Stephanie S. Hoppe report in this Form 4?

Stephanie S. Hoppe reported a compensation-related stock option grant, not an open-market trade. She received 356 Non-Employee Stock Options to buy Winmark Common Stock at $378.57 per share, with a long-dated expiration and four-year vesting, highlighting ongoing equity-based director compensation.

How many Winmark (WINA) stock options were granted to Stephanie S. Hoppe?

The filing shows a grant of 356 Non-Employee Stock Options. Each option allows purchase of one share of Winmark Common Stock at a fixed $378.57 exercise price, expiring June 1, 2036, forming part of her equity compensation as a non-employee director rather than a share purchase.

What are the key terms of Stephanie Hoppe’s new Winmark (WINA) stock options?

The new options cover 356 underlying Winmark Common Stock shares at a $378.57 exercise price and expire on June 1, 2036. A footnote states they vest 25% per year for four years, creating a staggered vesting schedule linked to continued service as a director.

Does the Winmark (WINA) Form 4 show existing option holdings for Stephanie Hoppe?

Yes. The Form 4 lists an existing Non-Employee Stock Option linked to 3,400 underlying Winmark Common Stock shares at a $372.02 exercise price, expiring May 5, 2036. This entry is reported as a holding, indicating these options remain outstanding alongside the newly granted award.

Is Stephanie Hoppe’s Winmark (WINA) Form 4 a buy or sell signal for common stock?

The filing reflects an option grant rather than a market buy or sell of common shares. The new 356-option award is compensation, giving future purchase rights at $378.57. No open-market purchases or sales of Winmark Common Stock are reported in this Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/01/2026 - 05:44 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^*

Hoppe Stephanie S.

(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)
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)
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)	$372.02							05/05/2027⁽¹⁾	05/05/2036	Common Stock	3,400		3,400	D

Explanation of Responses:

1. 25% per year for four years.

	/s/ Stephanie S. Hoppe	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