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 · 1 exercise

GAUDETTE RENAE M.

Filed: 4/28/2026ACC: 0001761880-26-000002

InsiderGAUDETTE RENAE M.CIK 1761880

→

IssuerWINMARK CORPCIK 908315

Officer· Vice President of Franchising

Since Dec 2018

0.00

Net shares

Net seller

$245.6K

Total acquired

Open market trades

0B · 0S

Total transactions

2.50K acquired · 2.50K disposed

Non-Derivative Transactions1

Common Stock

Direct

M · Option Exercise

+2.50K

Price / share

$98.25

Trade value

$245.63K

% of position

13.3%

4/28/2026

18.86K→21.36K

Total

Net shares

+2.50K

Net value

$245.63K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	4/28/2026	M · Option Exercise	+2.50K	$98.25	$245.63K	13.3%	18.86K	21.36K
Total			+2.50K		$245.63K

Derivative Transactions1

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

98.25

Held after

0.00

Exercisable

—

4/28/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (right to buy) Direct	Common Stock2.50K shares	4/28/2026	M · Option Exercise	−2.50K	98.25	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)18

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

156

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

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

183.87

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

134.25

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

—

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 Options (Right to Buy)

Direct

Underlying security

Common Stock

Underlying shares

2.52K

Shares owned

2.52K

Exercise price

238.60

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

1.58K

Shares owned

1.58K

Exercise price

400.97

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

1.74K

Shares owned

1.74K

Exercise price

355.90

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

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

1.32K

Shares owned

1.32K

Exercise price

444.54

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

325.99

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

1.45K

Shares owned

1.45K

Exercise price

424.82

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

—

Total

Underlying

48.58K

Owned

48.58K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option (right to buy) Direct	Common Stock	164.84	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	156	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	143.20	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	122.50	—	—	2.50K	2.50K
Employee Stock Option (right to buy) Direct	Common Stock	183.87	—	—	3.50K	3.50K
Employee Stock Option (right to buy) Direct	Common Stock	176.20	—	—	3K	3K
Employee Stock Option (right to buy) Direct	Common Stock	134.25	—	—	2.50K	2.50K
Employee Stock Option (right to buy) Direct	Common Stock	143.87	—	—	3.50K	3.50K
Employee Stock Option (right to buy) Direct	Common Stock	125.50	—	—	2.50K	2.50K
Employee Stock Options (Right to Buy) Direct	Common Stock	238.60	—	—	2.52K	2.52K
Employee Stock Option (right to buy) Direct	Common Stock	400.97	—	—	1.58K	1.58K
Employee Stock Option (right to buy) Direct	Common Stock	355.90	—	—	1.74K	1.74K
Employee Stock Option (right to buy) Direct	Common Stock	261.32	—	—	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	444.54	—	—	1.32K	1.32K
Employee Stock Option (right to buy) Direct	Common Stock	325.99	—	—	2K	2K
Employee Stock Option (right to buy) Direct	Common Stock	424.82	—	—	1.45K	1.45K
Employee Stock Option (right to buy) Direct	Common Stock	195.82	—	—	3.50K	3.50K
Total					48.58K	48.58K