Brett D. Heffes - Apr 18, 2024 Form 4 Insider Report for WINMARK CORP (WINA)

Role: CHAIR AND CEO, Director
Signature: /s/ Brett D. Heffes
Stock symbol: WINA
Transactions as of: Apr 18, 2024
Transactions value $: -$3,092,474
Form type: 4
Date filed: 4/22/2024, 04:03 PM
Previous filing: Jan 24, 2024
Next filing: Jun 3, 2024
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	$403K	+3.29K	+2.99%	$122.50	113K	Apr 18, 2024	Direct
transaction	WINA	Common Stock	Options Exercise	$671K	+5K	+4.41%	$134.25	118K	Apr 18, 2024	Direct
transaction	WINA	Common Stock	Sale	-$56.3K	-146	-0.12%	$385.35	118K	Apr 18, 2024	Direct	F1
transaction	WINA	Common Stock	Sale	-$639K	-1.67K	-1.41%	$383.31	116K	Apr 18, 2024	Direct	F2
transaction	WINA	Common Stock	Sale	-$3.8K	-10	-0.01%	$380.36	116K	Apr 18, 2024	Direct	F3
transaction	WINA	Common Stock	Sale	-$1.52K	-4	0%	$379.23	116K	Apr 18, 2024	Direct	F4
transaction	WINA	Common Stock	Sale	-$74.8K	-200	-0.17%	$374.16	116K	Apr 18, 2024	Direct	F5
transaction	WINA	Common Stock	Sale	-$188K	-504	-0.43%	$373.23	116K	Apr 18, 2024	Direct	F6
transaction	WINA	Common Stock	Sale	-$1.19M	-3.19K	-2.75%	$372.14	113K	Apr 18, 2024	Direct	F7
transaction	WINA	Common Stock	Sale	-$115K	-314	-0.28%	$367.81	112K	Apr 18, 2024	Direct	F8
transaction	WINA	Common Stock	Sale	-$827K	-2.26K	-2.01%	$366.46	110K	Apr 18, 2024	Direct	F9
transaction	WINA	Common Stock	Options Exercise	$110K	+894	+0.81%	$122.50	111K	Apr 18, 2024	Direct
transaction	WINA	Common Stock	Options Exercise	$99.9K	+606	+0.55%	$164.84	112K	Apr 18, 2024	Direct
holding	WINA	Common Stock						285	Apr 18, 2024	by family office

Showing 1 to 14 of 14 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	-$513K	-4.18K	-100%	$122.50	0	Apr 18, 2024	Common Stock	4.18K	$122.50	Direct	F10
transaction	WINA	Employee Stock Option (right to buy)	Options Exercise	-$671K	-5K	-100%	$134.25	0	Apr 18, 2024	Common Stock	5K	$134.25	Direct	F10
transaction	WINA	Employee Stock Option (right to buy)	Options Exercise	-$99.9K	-606	-15.15%	$164.84	3.39K	Apr 18, 2024	Common Stock	4K	$164.84	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						4.3K	Apr 18, 2024	Common Stock	4.3K	$143.20	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						5K	Apr 18, 2024	Common Stock	5K	$156.00	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						4K	Apr 18, 2024	Common Stock	4K	$176.20	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						4K	Apr 18, 2024	Common Stock	4K	$143.87	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						4K	Apr 18, 2024	Common Stock	4K	$183.87	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						4K	Apr 18, 2024	Common Stock	4K	$195.82	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						11.1K	Apr 18, 2024	Common Stock	11.1K	$261.32	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						9.36K	Apr 18, 2024	Common Stock	9.36K	$197.80	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						5.74K	Apr 18, 2024	Common Stock	5.74K	$238.60	Direct	F10
holding	WINA	Employee Stock Option (right to buy)						4.12K	Apr 18, 2024	Common Stock	4.12K	$325.99	Direct	F10

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

Explanation of Responses:

Id	Content
F1	146 shares sold at an average price of $385.35 with a range of $385.325 to $385.62, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F2	1,667 shares sold at an average price of $383.31 with a range of $383.31 to $383.41, to cover payment of exercise price of and taxes due on option exercises included in this Form 4
F3	10 shares sold at an average price of $380.36 with a range of $380.35 to $380.365, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F4	4 shares sold at an average price of $379.23 with a range of $379.00 to $379.90, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
F5	200 Shares sold at a price of $374.16 to cover payment of exercise price of and taxes due on option exercised included on this Form 4.
F6	504 shares sold at an average price of $373.23 with a range of $373.01 to $373.92, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F7	3,188 shares sold at an average price of $372.14 with a range of $372.00 to $372.75, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F8	314 shares sold at an average price of $367.81 with a range of $367.59 to $367.905 to cover payment of exercise price and taxes due on option exercises included on this Form 4.
F9	2,257 Shares sold at an average price of $366.46 with a range of $366.00 to $366.94, to cover payment of exercise price of an taxes due on option exercises on this Form 4.
F10	25% per year for four years.