Winmark Corporation filings document disclosures for a public resale franchisor with established franchise brands and a related leasing business. Recent Form 8-K reports cover operating results, financial condition, cash dividends, franchise-system metrics, system-wide sales, point-of-sale software fee matters and the Plato’s Closet North American Ad Fund.
The company’s regulatory record also includes governance and shareholder-vote disclosures. Proxy and annual-meeting filings address board composition, director elections, advisory executive-compensation votes, auditor ratification, stock option plan matters and committee assignments, while material-event reports record board changes and related equity awards.
Winmark Corp director Gina De Caro Sprenger reported insider equity transactions. On December 15, 2025 she received 256 non-employee stock options to buy Winmark common stock at $444.54 per share. These options cover 256 shares of common stock, vest 25% per year for four years beginning December 15, 2026, and expire on December 15, 2035. The filing also shows a disposition of 250 shares of common stock and lists previously granted director stock options covering additional shares at exercise prices between $182.21 and $446.68 per share, all held directly.
Winmark Corp director Philip I. Smith reported receiving 256 non-employee stock options to purchase Winmark common stock at an exercise price of $444.54 per share on 12/15/2025. These options cover 256 shares, become exercisable beginning 12/15/2026, and expire on 12/15/2035, with vesting described as 25% per year for four years.
The report also lists previously granted non-employee stock options that remain directly owned, including a grant exercisable from 03/01/2024 until 03/01/2033 for 4,500 shares at an exercise price of $291.01 per share. All reported derivative holdings are shown as directly owned by the director.
Winmark Corp director Percy C. Tomlinson, Jr. reported insider transactions in company stock. On 12/15/2025, he disposed of 800 shares of common stock.
On the same date, he received a non-employee stock option covering 256 shares of common stock at an exercise price of $444.54 per share, exercisable beginning 12/15/2026 and expiring 12/15/2035. The option vests 25% per year for four years, and he also holds several earlier non-employee stock option grants with various exercise prices and expiration dates.
Winmark Corp director Amy C. Becker reported a new equity grant in the form of stock options. On 12/15/2025, she received a non-employee stock option for 256 shares of Winmark common stock with an exercise price of $444.54 per share. These options become exercisable starting on 12/15/2026 and have an expiration date of 12/15/2035.
A footnote explains that the option vests at a rate of 25% per year for four years, giving Becker a multi-year vesting schedule. The filing also lists several previously granted non-employee stock options with different exercise prices and expiration dates, all held in a direct ownership capacity.
Winmark Corp director Lawrance A. Barbetta reported insider transactions involving the company’s common stock. On 12/15/2025, he disposed of 649 shares of Winmark common stock and, on the same date, received a new non-employee director stock option to purchase 256 shares at an exercise price of $444.54 per share, exercisable starting 12/15/2026 and expiring 12/15/2035.
After this grant, Barbetta continues to hold multiple other director stock option awards on Winmark common stock, including options with an exercise price of $134.25 per share expiring 12/11/2027 and options with an exercise price of $261.32 per share expiring 12/13/2031. The newly reported options vest at a rate of 25% per year over four years, tying part of his compensation to Winmark’s long-term performance.
Winmark Corp reported an equity award to one of its directors. On 12/15/2025, the director received a non-employee stock option to buy 256 shares of common stock at an exercise price of $444.54 per share. The option is scheduled to vest 25% per year for four years and will be exercisable beginning 12/15/2026, with an expiration date of 12/15/2035. The filing also shows the director beneficially owns a separate non-employee stock option covering 3,000 shares at a $393.64 exercise price, exercisable from 08/07/2026 until 08/07/2035.
Winmark Corp reported an equity award to its chief marketing officer, Lisa S. Hake. On December 15, 2025, she acquired an employee stock option covering 1,216 shares of common stock at an exercise price of $444.54 per share. The option becomes exercisable starting December 15, 2026 and expires on December 15, 2035.
According to the vesting terms, the award vests in four equal installments of 25% per year over four years. After this grant, Hake beneficially owns 1,216 stock options, held directly. This type of award is a form of equity-based compensation that links a senior executive’s potential future gains to the company’s share price.
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.
Winmark Corp’s chief financial officer reported a new stock option grant and updated equity holdings. On 12/15/2025, the officer received an employee stock option to buy 1,712 shares of common stock at an exercise price of $444.54 per share. This option becomes exercisable on 12/15/2026, expires on 12/15/2035, and is subject to a vesting schedule of 25% per year for four years. Following the reported transactions, the officer directly beneficially owned 66,483 shares of Winmark common stock and held multiple additional employee stock option awards with various exercise prices and expiration dates.
Winmark Corp chair and CEO Brett D. Heffes filed an insider ownership report reflecting equity activity on 12/15/2025. The filing shows a grant of employee stock options to purchase 2,712 shares of Winmark common stock at an exercise price of $444.54, exercisable from 12/15/2026 to 12/15/2035 and vesting 25% per year over four years.
After the reported transactions, Heffes beneficially owns 114,400 shares of Winmark common stock directly and 338 shares indirectly through a family office, along with multiple additional employee stock option awards with various exercise prices and expiration dates.