GAUDETTE RENAE M. (Vice President of Franchising) exercised options at WINMARK CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

GAUDETTE RENAE M.

Filed: 10/12/2022ACC: 0001415889-22-010462

InsiderGAUDETTE RENAE M.CIK 1761880

→

IssuerWINMARK CORPCIK 908315

Officer· Vice President of Franchising

Since Dec 2018

0.00

Net shares

Net seller

$101.4K

Total acquired

Open market trades

0B · 0S

Total transactions

1.38K acquired · 1.38K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+625.00

Price / share

$82.72

Trade value

$51.70K

% of position

5.9%

10/10/2022

10.60K→11.22K

Common Stock

Direct

M · Option Exercise

+750.00

Price / share

$66.29

Trade value

$49.72K

% of position

6.7%

10/10/2022

11.22K→11.97K

Total

Net shares

+1.38K

Net value

$101.42K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	10/10/2022	M · Option Exercise	+625.00	$82.72	$51.70K	5.9%	10.60K	11.22K
Common Stock Direct	10/10/2022	M · Option Exercise	+750.00	$66.29	$49.72K	6.7%	11.22K	11.97K
Total			+1.38K		$101.42K

Derivative Transactions2

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

625.00 shares

−625.00

Strike price

82.72

Held after

0.00

Exercisable

—

10/10/2022

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

3K shares

−750.00

Strike price

66.29

Held after

2.25K

Exercisable

—

10/10/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (right to buy) Direct	Common Stock625.00 shares	10/10/2022	M · Option Exercise	−625.00	82.72	—	0.00
Employee Stock Option (right to buy) Direct	Common Stock3K shares	10/10/2022	M · Option Exercise	−750.00	66.29	—	2.25K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)16

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

122.50

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

3.50K

Shares owned

3.50K

Exercise price

195.82

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

4.48K

Shares owned

4.48K

Exercise price

197.80

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

134.25

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

91.93

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

143.20

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

80.32

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

164.84

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

176.20

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

90.99

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

3.50K

Shares owned

3.50K

Exercise price

261.32

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

3.50K

Shares owned

3.50K

Exercise price

183.87

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

125.50

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

156

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

98.25

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

3.50K

Shares owned

3.50K

Exercise price

143.87

Expiration

—

Exercise window

—

Total

Underlying

48.48K

Owned

48.48K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option (right to buy) Direct	Common Stock	122.50	—	—	2.50K	2.50K
Employee Stock Option (right to buy) Direct	Common Stock	195.82	—	—	3.50K	3.50K
Employee Stock Option (right to buy) Direct	Common Stock	197.80	—	—	4.48K	4.48K
Employee Stock Option (right to buy) Direct	Common Stock	134.25	—	—	2.50K	2.50K
Employee Stock Option (right to buy) Direct	Common Stock	91.93	—	—	2.50K	2.50K
Employee Stock Option (right to buy) Direct	Common Stock	143.20	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	80.32	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	164.84	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	176.20	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	90.99	—	—	2.50K	2.50K
Employee Stock Option (right to buy) Direct	Common Stock	261.32	—	—	3.50K	3.50K
Employee Stock Option (right to buy) Direct	Common Stock	183.87	—	—	3.50K	3.50K
Employee Stock Option (right to buy) Direct	Common Stock	125.50	—	—	2.50K	2.50K
Employee Stock Option (right to buy) Direct	Common Stock	156	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	98.25	—	—	2.50K	2.50K
Employee Stock Option (right to buy) Direct	Common Stock	143.87	—	—	3.50K	3.50K
Total					48.48K	48.48K