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 (WINA) director reports option exercises and stock sale. A board member filed a Form 4 showing that on 11/19/2025 they exercised stock options for a total of 2,400 shares of common stock in three separate transactions of 800 shares each at exercise prices of $98.25, $125.5, and $122.5.
On 11/21/2025, the director sold 2,400 shares of Winmark common stock at a price of $420.87 per share. After these transactions, the director directly owns 2,500 shares of common stock and continues to hold multiple non-employee stock options covering additional shares of Winmark stock, with various exercise prices and expiration dates. The options noted as footnote (1) vest at a rate of 25% per year for four years.
Winmark (WINA) reported an insider transaction by its Chief Financial Officer, Anthony D. Ishaug. On 11/07/2025, the CFO exercised employee stock options (transaction code M) for a total of 3,000 shares, consisting of 2,490 shares at $98.25 and 510 shares at $195.82.
Following these transactions, the filing shows 66,483 shares of common stock held directly. The derivative table reflects the exercises from grants originally priced at $98.25 and $195.82, alongside remaining option positions with various exercise prices and expiration dates.
Winmark (WINA) reported insider activity by its Chief Operating Officer. On 10/22/2025, the COO exercised 2,500 stock options at an exercise price of $90.99 (transaction code M). On 10/24/2025, the COO sold 100 shares at $435.62 and 1,100 shares at $415.43 (transaction code S). Following these transactions, the officer beneficially owned 18,860 shares directly. The exercised options originated from a grant dated 12/14/2016 with an expiration of 12/14/2025 and vesting noted as 25% per year for four years.
Winmark Corporation announced third-quarter results and declared shareholder cash distributions. The Board approved a regular quarterly dividend of $0.96 per share and a special dividend of $10.00 per share.
Both dividends will be paid on December 1, 2025 to shareholders of record at the close of business on November 12, 2025. The special dividend totals approximately $35.6 million based on the current number of shares outstanding. The company stated that future dividends will be subject to Board approval.
Winmark Corporation (WINA) filed its Q3 2025 10‑Q, showing steady growth driven by franchise royalties and continued capital returns to shareholders. Revenue for the quarter reached $22.6 million, up from $21.5 million a year ago, as higher franchise retail sales and a larger store base lifted royalties to $20.9 million. Net income was $11.1 million versus $11.1 million last year, as increased compensation and advertising timing raised selling, general and administrative expenses to $7.0 million.
Year to date, revenue was $65.0 million versus $61.7 million, and net income was $31.7 million versus $30.4 million. Cash, cash equivalents and restricted cash were $39.9 million as of September 27, 2025. Long‑term borrowings included $30.0 million of delayed draw term loans under the credit facility and $30.0 million of Series C notes at 3.18%.
The Board approved a $10.00 per share special cash dividend to shareholders of record on November 12, 2025, payable on December 1, 2025; the company estimates approximately $35.6 million based on current shares and expects to fund it with cash on hand. The leasing portfolio run‑off is substantially complete; 2025 year‑to‑date leasing income of $2.4 million included $2.2 million from a customer litigation settlement.
Winmark Corp (WINA) reports an initial Form 3 from Lisa S. Hake, who identifies as Chief Marketing Officer and an officer of the company. The filing records an event date of 10/01/2025 and states that no securities are beneficially owned by the reporting person at this time.
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.
Winmark Corp (WINA) submitted a Form 144 notice proposing to sell 852 shares of common stock through RBC Capital Markets. The filing lists an aggregate market value of $430,274.00 and shows 3,548,458 shares outstanding. The securities were acquired on 11/08/2021 by stock option exercise from the issuer. The approximate sale date is 09/17/2025. The filer reports no securities sold in the past three months and includes the standard Rule 144 attestations and signature warnings.
Brett D. Heffes, Chair and CEO of Winmark Corp (WINA), reported multiple option exercises and offsetting stock sales on August 26-27, 2025. He exercised several employee stock options at strike prices including $143.87, $164.84, $176.20 and $195.82, resulting in newly acquired common shares recorded in Table I and Table II. To cover exercise costs and tax withholding, Heffes sold multiple lots totaling several thousand shares at prices ranging roughly from $451.75 to $459.23. After these transactions he beneficially owned 114,338 (common stock totals shown as 114,400–119,371 across entries) directly and retained numerous outstanding options across multiple grant vintages.
Winmark Corp (WINA) reported a Form 144 notice showing a proposed sale of 4,971 common shares through Piper Sandler & Co. The filing lists an aggregate market value of $2,233,072.62 for those shares and indicates approximately 3,548,458 shares outstanding. The shares were acquired and are being sold on 08/27/2025 following a stock option exercise, with payment made in cash. The filing also discloses a recent sale the prior day of 2,441 shares with gross proceeds of $1,110,810.25 by Brett Heffes. The notice includes the standard signer representation that no undisclosed material adverse information exists.