Brett D. Heffes - Oct 21, 2021 Form 4 Insider Report for WINMARK CORP (WINA)

Role: Chairman and CEO, Director
Signature: /s/Brett D. Heffes
Stock symbol: WINA
Transactions as of: Oct 21, 2021
Transactions value $: -$2,420,659
Form type: 4
Date filed: 10/25/2021, 05:46 PM
Previous filing: Jun 1, 2021
Next filing: Oct 29, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WINA	Common Stock	Options Exercise	$419K	+5.21K	+5.1%	$80.32	107K	Oct 21, 2021	Direct
transaction	WINA	Common Stock	Sale	-$1.14M	-5.21K	-4.85%	$218.66	102K	Oct 21, 2021	Direct	F2
transaction	WINA	Common Stock	Options Exercise	$54.9K	+683	+0.67%	$80.32	103K	Oct 21, 2021	Direct
transaction	WINA	Common Stock	Options Exercise	$99.9K	+1.02K	+0.99%	$98.25	104K	Oct 21, 2021	Direct
transaction	WINA	Common Stock	Options Exercise	$149K	+1.8K	+1.73%	$82.72	106K	Oct 22, 2021	Direct
transaction	WINA	Common Stock	Options Exercise	$44.7K	+556	+0.53%	$80.32	106K	Oct 22, 2021	Direct
transaction	WINA	Common Stock	Sale	-$514K	-2.36K	-2.22%	$218.20	104K	Oct 22, 2021	Direct	F3
transaction	WINA	Common Stock	Options Exercise	$64.3K	+800	+0.77%	$80.32	105K	Oct 22, 2021	Direct
transaction	WINA	Common Stock	Options Exercise	$291K	+3.52K	+3.36%	$82.72	108K	Oct 25, 2021	Direct
transaction	WINA	Common Stock	Sale	-$767K	-3.52K	-3.25%	$218.00	105K	Oct 25, 2021	Direct	F4
transaction	WINA	Common Stock	Options Exercise	$99.3K	+1.2K	+1.15%	$82.72	106K	Oct 25, 2021	Direct
transaction	WINA	Common Stock	Options Exercise	$8.03K	+100	+0.09%	$80.32	106K	Oct 25, 2021	Direct

Showing 1 to 12 of 12 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WINA	Employee Stock Option (right to buy)	Options Exercise	-$539K	-6.52K	-70.48%	$82.72	2.73K	Oct 22, 2021	Common Stock	9.25K	$82.72	Direct	F1, F5
transaction	WINA	Employee Stock Option (right to buy)	Options Exercise	-$590K	-7.35K	-100%	$80.32	0	Oct 21, 2021	Common Stock	7.35K	$80.32	Direct	F1, F6
transaction	WINA	Employee Stock Option (right to buy)	Options Exercise	-$99.9K	-1.02K	-20.34%	$98.25	3.98K	Oct 21, 2021	Common Stock	5K	$98.25	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						5.71K	Oct 21, 2021	Common Stock	5.71K	$91.93	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						6.8K	Oct 21, 2021	Common Stock	6.8K	$90.99	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						5K	Oct 21, 2021	Common Stock	5K	$125.50	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						5K	Oct 21, 2021	Common Stock	5K	$122.50	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						5K	Oct 21, 2021	Common Stock	5K	$134.25	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						5K	Oct 21, 2021	Common Stock	5K	$143.20	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						5K	Oct 21, 2021	Common Stock	5K	$156.00	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						4K	Oct 21, 2021	Common Stock	4K	$164.84	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						4K	Oct 21, 2021	Common Stock	4K	$176.20	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						4K	Oct 21, 2021	Common Stock	4K	$143.87	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						4K	Oct 21, 2021	Common Stock	4K	$183.87	Direct	F1
holding	WINA	Employee Stock Option (right to buy)						4K	Oct 21, 2021	Common Stock	4K	$195.82	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	25% per year for four years.
F2	5,211 shares sold at an average price of $218.66, with a range of $218.00 to $218.83, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F3	2,357 shares sold at an average price of $218.20, with a range of $218.00 to $218.50, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F4	3,518 shares sold at an average price of $218.00, with a range of $218.00 to $218.35, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F5	1,801 option shares exercised 10/22/2021 and 4,718 option shares exercised 10/25/2021 as indicated in Table I.
F6	5,894 option shares exercised 10/21/2021, 1,356 option shares exercised 10/22/21 and 100 option shares exercised 10/25/2021 as indicated in Table I.