Lawrence A. Barbetta - 15 Nov 2021 Form 4 Insider Report for WINMARK CORP (WINA)

Role: Director
Signature: /s/ Lawrence A. Barbetta
Issuer symbol: WINA
Transactions as of: 15 Nov 2021
Net transactions value: -$410,958
Form type: 4
Filing time: 17 Nov 2021, 15:55:35 UTC
Previous filing: 08 Nov 2021
Next filing: 22 Nov 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	Sale	$135,215	-500	-1.3%	$270.43	36,849	15 Nov 2021	Direct	F2
transaction	WINA	Common Stock	Sale	$81,651	-300	-0.81%	$272.17	36,549	15 Nov 2021	Direct	F3
transaction	WINA	Common Stock	Sale	$28,446	-104	-0.28%	$273.52	36,445	15 Nov 2021	Direct	F4
transaction	WINA	Common Stock	Sale	$109,486	-398	-1.1%	$275.09	36,047	15 Nov 2021	Direct	F5
transaction	WINA	Common Stock	Sale	$18,224	-66	-0.18%	$276.12	35,981	15 Nov 2021	Direct	F6
transaction	WINA	Common Stock	Sale	$37,936	-136	-0.38%	$278.94	35,845	15 Nov 2021	Direct	F7

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
holding	WINA	Non-Employee Director Stock Option (right to buy)						200	15 Nov 2021	Common Stock	200	$134.25	Direct	F1
holding	WINA	Non-Employee Director Stock Option (right to buy)						200	15 Nov 2021	Common Stock	200	$143.20	Direct	F1
holding	WINA	Non-Employee Director Stock Option (right to buy)						400	15 Nov 2021	Common Stock	400	$156.00	Direct	F1
holding	WINA	Non-Employee Director Stock Option (right to buy)						375	15 Nov 2021	Common Stock	375	$164.84	Direct	F1
holding	WINA	Non-Employee Director Stock Option (right to buy)						563	15 Nov 2021	Common Stock	563	$176.20	Direct	F1
holding	WINA	Non-Employee Director Stock Option (right to buy)						563	15 Nov 2021	Common Stock	563	$143.87	Direct	F1
holding	WINA	Non-Employee Director Stock Option (right to buy)						750	15 Nov 2021	Common Stock	750	$183.87	Direct	F1
holding	WINA	Non-Employee Director Stock Option (right to buy)						750	15 Nov 2021	Common Stock	750	$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	500 shares sold at an average price of $270.43, with a range of $270.00 to $271.00, to cover a portion of the payment of taxes due on option exercises included on a previously filed Form 4.
F3	300 shares sold at an average price of $272.17, with a range of $271.50 to $272.50, to cover a portion of the payment of taxes due on option exercises included on a previously filed Form 4.
F4	104 shares sold at an average price of $273.52, with a range of $272.75 to $273.55, to cover a portion of the payment of taxes due on option exercises included on a previously filed Form 4.
F5	398 shares sold at an average price of $275.09, with a range of $275.00 to $275.90, to cover a portion of the payment of taxes due on option exercises included on a previously filed Form 4.
F6	66 shares sold at an average price of $276.12, with a range of $276.04 to $276.41, to cover a portion of the payment of taxes due on option exercises included on a previously filed Form 4.
F7	136 shares sold at an average price of $278.94, with a range of $278.78 to $279.17, to cover a portion of the payment of taxes due on option exercises included on a previously filed Form 4.