Sell4

WINMARK CORP

WINA

Total Value

$1.2M

Net $531.5K sold

Filing Date

Oct 23, 2026

3 transactions

Sales

$531.5K

3 transactions

Trade Summary

On Oct 22, 2026, Gaudette Renae M., Insider, sold $1.2M of WINMARK CORP (WINA) across 3 transactions. The filing covers Common Stock and reflects net selling of $531.5K. Reported prices ranged from $125.50 to $285.19. Insider transactions are sourced from SEC Form 4 disclosures and should be reviewed alongside company fundamentals and the insider's broader trading history.

Price at the Time of the Trade

WINA daily price with the insider's sale marked at $283.48.

Sold near the 6-month low · about level with today's price.

Price data is delayed and provided for context only — not investment advice.

Insider Information

Name: Gaudette Renae M.
Role: Insider
Location: MINNEAPOLIS, MN

Filing Details

Filing Date: Oct 23, 2026
Transaction Date: Oct 22, 2026
Accession Number: 0001761880-26-000007
Form Type: 4
Net Trading Amount: -$531.5K

Non-Derivative Transactions

Date	Security	Shares	Price	Type	Value
Oct 22, 2026	Common Stock	2,500	$125.50	Exercise	$313.8K
Oct 22, 2026	Common Stock	421	$285.19	Sale	$120.1K
Oct 22, 2026	Common Stock	209	$284.06	Sale	$59.4K
Oct 22, 2026	Common Stock	1,245	$282.80	Sale	$352.1K

Derivative Transactions

Date	Security	Shares	Exercise Price	Type	Value
Oct 22, 2026	WINA derivative	2,500	$125.50	Exercise	$313.8K

Want live alerts when Gaudette Renae M. trades again?

Download Insider Trades to track WINA, follow insiders, and get mobile alerts when new SEC Form 4 filings are published.

iOS App Android App

Footnotes

(F1)421 shares sold at an average price of $285.19, with a range of $284.68 to $285.65, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
(F2)209 shares sold at an average price of $284.06, with a range of $283.50 to $284.50, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
(F3)1245 shares sold at an average price of $282.80, with a range of $282.48 to $283.32, to cover payment of exercise price of and taxes due on option exercises included on this Form 4
(F4)25% per year for four years.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gaudette Renae M.

(Last)

(First)

(Middle)

605 HIGHWAY 169 N. SUITE 400

(Street)

MINNEAPOLIS

55441

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WINMARK CORP [ WINA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHIEF OPERATING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
10/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
10/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/22/2026		M		2,500	A	$125.5	23,860	D
Common Stock	10/22/2026		S		421	D	$285.19⁽¹⁾	23,439	D
Common Stock	10/22/2026		S		209	D	$284.06⁽²⁾	23,230	D
Common Stock	10/22/2026		S		1,245	D	$282.8⁽³⁾	21,985	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$125.5	10/22/2026		M			2,500	12/12/2017⁽⁴⁾	12/12/2026	Common Stock	2,500	$125.5	0	D
Employee Stock Option (right to buy)	$122.5							06/01/2018⁽⁴⁾	06/01/2027	Common Stock	2,500		2,500	D
Employee Stock Option (right to buy)	$134.25							12/11/2018⁽⁴⁾	12/11/2027	Common Stock	2,500		2,500	D
Employee Stock Option (right to buy)	$143.2							06/01/2019⁽⁴⁾	06/01/2028	Common Stock	3,000		3,000	D
Employee Stock Option (right to buy)	$156							12/11/2019⁽⁴⁾	12/11/2028	Common Stock	3,000		3,000	D
Employee Stock Option (right to buy)	$164.84							06/01/2020⁽⁴⁾	06/01/2029	Common Stock	3,000		3,000	D
Employee Stock Option (right to buy)	$176.2							12/16/2020⁽⁴⁾	12/16/2029	Common Stock	3,000		3,000	D
Employee Stock Option (right to buy)	$143.87							06/01/2021⁽⁴⁾	06/01/2030	Common Stock	3,500		3,500	D
Employee Stock Option (right to buy)	$183.87							12/14/2021⁽⁴⁾	12/14/2030	Common Stock	3,500		3,500	D
Employee Stock Option (right to buy)	$195.82							06/01/2022⁽⁴⁾	06/01/2031	Common Stock	3,500		3,500	D
Employee Stock Option (right to buy)	$261.32							12/13/2022⁽⁴⁾	12/13/2031	Common Stock	3,500		3,500	D
Employee Stock Option (right to buy)	$197.8							06/01/2023⁽⁴⁾	06/01/2032	Common Stock	4,480		4,480	D
Employee Stock Options (Right to Buy)	$238.6							12/12/2023⁽⁴⁾	12/12/2032	Common Stock	2,520		2,520	D
Employee Stock Option (right to buy)	$325.99							06/01/2024⁽⁴⁾	06/01/2033	Common Stock	2,000		2,000	D
Employee Stock Option (right to buy)	$355.9							06/01/2025⁽⁴⁾	06/01/2034	Common Stock	1,740		1,740	D
Employee Stock Option (right to buy)	$400.97							12/09/2025⁽⁴⁾	12/09/2034	Common Stock	1,580		1,580	D
Employee Stock Option (right to buy)	$424.82							06/01/2026⁽⁴⁾	06/01/2035	Common Stock	1,448		1,448	D
Employee Stock Option (right to buy)	$444.54							12/15/2026⁽⁴⁾	12/15/2035	Common Stock	1,316		1,316	D
Employee Stock Option (right to buy)	$378.57							06/01/2027⁽⁴⁾	06/01/2036	Common Stock	1,984		1,984	D

Explanation of Responses:

1. 421 shares sold at an average price of $285.19, with a range of $284.68 to $285.65, to cover payment of exercise price of and taxes due on option exercises included on this Form 4

2. 209 shares sold at an average price of $284.06, with a range of $283.50 to $284.50, to cover payment of exercise price of and taxes due on option exercises included on this Form 4

3. 1245 shares sold at an average price of $282.80, with a range of $282.48 to $283.32, to cover payment of exercise price of and taxes due on option exercises included on this Form 4

4. 25% per year for four years.

	/s/ Renae M Gaudette	10/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Form 4 as rendered by the SEC from accession 0001761880-26-000007.

WINMARK CORP

Trade Summary

Price at the Time of the Trade

Company Information

Insider Information

Filing Details

Non-Derivative Transactions

Derivative Transactions

Want live alerts when Gaudette Renae M. trades again?

Footnotes

SEC Form 4

SEC Filing

Price at the Time of the Trade

SEC Form 4