Winmark CFO exercises 3,800 stock options at $125.50

Q: How many WINA options did Anthony D. Ishaug exercise, and at what price?

Anthony D. Ishaug exercised 3,800 employee stock options at $125.50 per share on November 4, 2026, acquiring 3,800 common shares. His directly held common shares following the transaction totaled 73,576. No Rule 10b5-1 plan is reported for the transaction.

The CFO held 73,576 directly held common shares after the exercise, while listed employee options extend to June 1, 2036.

Available on EDGAR 11/06/2026 - 04:16 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:15 PM EST

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Winmark Corp Chief Financial Officer Anthony D. Ishaug exercised 3,800 employee stock options at an exercise price of $125.50 on November 4, 2026, acquiring 3,800 common shares. His directly held common shares following the transaction totaled 73,576. The filing also lists options covering 4,184 underlying common shares at an exercise price of $122.50, expiring June 6, 2027.

Insider Trade Summary

3,800 shares exercised/converted

Exercise 2 txns

Insider Ishaug Anthony D

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy) ^F1	3,800	$125.50	$477K
Exercise	Common Stock	3,800	$125.50	$477K
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--
Holding	Employee Stock Option (right to buy) ^F1	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 68,015 contracts for 65,015 underlying shares (Direct); Common Stock — 73,576 shares (Direct)

Holdings Before and After: Employee Stock Option (right to buy), 71,815 to 68,015 contracts (Direct); Common Stock, 69,776 to 73,576 shares (Direct)

Footnotes (1)

F1. 25% per year for four years.

Key Figures

Employee stock options exercised: 3,800 options Exercise price: $125.50 per share Common shares acquired: 3,800 shares +2 more

5 metrics

Employee stock options exercised 3,800 options November 4, 2026

Exercise price $125.50 per share Options exercised November 4, 2026

Common shares acquired 3,800 shares November 4, 2026

Directly held common shares after transaction 73,576 shares Following the November 4, 2026 transaction

Underlying common shares for listed options 4,184 shares Exercise price $122.50; expiration June 6, 2027

Key Terms

Employee Stock Option (right to buy), exercise price, Rule 10b5-1 plan

3 terms

Employee Stock Option (right to buy) financial

"Employee Stock Option (right to buy)"

exercise price financial

"at an exercise price of $125.50"

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.

Rule 10b5-1 plan regulatory

"No Rule 10b5-1 plan is reported"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

FAQ

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

How many WINA options did Anthony D. Ishaug exercise, and at what price?

Anthony D. Ishaug exercised 3,800 employee stock options at $125.50 per share on November 4, 2026, acquiring 3,800 common shares. His directly held common shares following the transaction totaled 73,576. No Rule 10b5-1 plan is reported for the transaction.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Ishaug Anthony D

(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 FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

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)
Common Stock	11/04/2026		M		3,800	A	$125.5	73,576	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)
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)	$125.5	11/04/2026		M			3,800	12/12/2017⁽¹⁾	12/12/2026	Common Stock	6,800	$125.5	3,000	D
Employee Stock Option (right to buy)	$122.5							06/01/2018⁽¹⁾	06/06/2027	Common Stock	4,184		4,184	D
Employee Stock Option (right to buy)	$134.25							12/11/2018⁽¹⁾	12/11/2027	Common Stock	5,000		5,000	D
Employee Stock Option (right to buy)	$143.2							06/01/2019⁽¹⁾	06/01/2028	Common Stock	4,302		4,302	D
Employee Stock Option (right to buy)	$156							12/11/2019⁽¹⁾	12/11/2028	Common Stock	5,000		5,000	D
Employee Stock Option (right to buy)	$164.84							06/01/2020⁽¹⁾	06/01/2029	Common Stock	3,394		3,394	D
Employee Stock Option (right to buy)	$176.2							12/16/2020⁽¹⁾	12/16/2029	Common Stock	4,000		4,000	D
Employee Stock Option (right to buy)	$143.87							06/01/2021⁽¹⁾	06/01/2030	Common Stock	3,305		3,305	D
Employee Stock Option (right to buy)	$183.87							12/14/2021⁽¹⁾	12/14/2030	Common Stock	4,000		4,000	D
Employee Stock Option (right to buy)	$195.82							06/01/2022⁽¹⁾	06/01/2031	Common Stock	3,490		3,490	D
Employee Stock Option (right to buy)	$261.32							12/13/2022⁽¹⁾	12/13/2031	Common Stock	5,700		5,700	D
Employee Stock Option (right to buy)	$197.8							06/01/2023⁽¹⁾	06/01/2032	Common Stock	5,920		5,920	D
Employee Stock Option (right to buy)	$238.6							12/12/2023⁽¹⁾	12/12/2032	Common Stock	3,780		3,780	D
Employee Stock Option (right to buy)	$325.99							06/01/2024⁽¹⁾	06/01/2033	Common Stock	2,600		2,600	D
Employee Stock Option (right to buy)	$355.9							06/01/2025⁽¹⁾	06/01/2034	Common Stock	2,260		2,260	D
Employee Stock Option (right to buy)	$400.97							12/09/2025⁽¹⁾	12/09/2034	Common Stock	2,060		2,060	D
Employee Stock Option (right to buy)	$424.82							06/01/2026⁽¹⁾	06/01/2035	Common Stock	1,888		1,888	D
Employee Stock Option (right to buy)	$444.54							12/15/2026⁽¹⁾	12/15/2035	Common Stock	1,712		1,712	D
Employee Stock Option (right to buy)	$378.57							06/01/2027⁽¹⁾	06/01/2036	Common Stock	2,420		2,420	D

Explanation of Responses:

1. 25% per year for four years.

	/s/ Anthony D. Ishaug	11/06/2026
	** 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

Winmark CFO exercises 3,800 stock options at $125.50

Rhea-AI Filing Summary

Insider Trade Summary

Key Figures

Key Terms

FAQ

How many WINA options did Anthony D. Ishaug exercise, and at what price?

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