Philip I. Smith - 15 Dec 2025 Form 4 Insider Report for WINMARK CORP (WINA)

Role
Director
Signature
/s/ Philip I. Smith
Issuer symbol
WINA
Transactions as of
15 Dec 2025
Net transactions value
+$113,802
Form type
4
Filing time
15 Dec 2025, 17:20:02 UTC
Previous filing
03 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SMITH PHILIP IRVING Director 605 HIGHWAY 169 N, SUITE 400, MINNEAPOLIS /s/ Philip I. Smith 15 Dec 2025 0001235464

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 Non-Employee Stock Option (right to buy) Award $113,802 +256 $444.54 256 15 Dec 2025 Common Stock 256 $444.54 Direct F1
holding WINA Non-Employee Stock Option (right to buy) 4,500 15 Dec 2025 Common Stock 4,500 $291.01 Direct F1
holding WINA Non-Employee Stock Option (right to buy) 380 15 Dec 2025 Common Stock 380 $325.99 Direct F1
holding WINA Non-Employee Stock Option (right to buy) 240 15 Dec 2025 Common Stock 240 $446.68 Direct F1
holding WINA Non-Employee Stock Option (right to buy) 300 15 Dec 2025 Common Stock 300 $355.90 Direct F1
holding WINA Non-Employee Stock Option (right to buy) 300 15 Dec 2025 Common Stock 300 $400.97 Direct F1
holding WINA Non-Employee Stock Option (right to buy) 280 15 Dec 2025 Common Stock 280 $424.82 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.