ISHAUG ANTHONY D (Chief Financial Officer) exercised options at WINMARK CORP

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

M · 2 exercises

ISHAUG ANTHONY D

Filed: 11/7/2025ACC: 0001444464-25-000004

InsiderISHAUG ANTHONY DCIK 1444464

→

IssuerWINMARK CORPCIK 908315

Officer· Chief Financial Officer

Since Aug 2018

0.00

Net shares

Net seller

$344.5K

Total acquired

Open market trades

0B · 0S

Total transactions

3K acquired · 3K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+2.49K

Price / share

$98.25

Trade value

$244.64K

% of position

3.9%

11/7/2025

63.48K→65.97K

Common Stock

Direct

M · Option Exercise

+510.00

Price / share

$195.82

Trade value

$99.87K

% of position

0.8%

11/7/2025

65.97K→66.48K

Total

Net shares

+3K

Net value

$344.51K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	11/7/2025	M · Option Exercise	+2.49K	$98.25	$244.64K	3.9%	63.48K	65.97K
Common Stock Direct	11/7/2025	M · Option Exercise	+510.00	$195.82	$99.87K	0.8%	65.97K	66.48K
Total			+3K		$344.51K

Derivative Transactions2

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

4K shares

−510.00

Strike price

195.82

Held after

3.49K

Exercisable

—

11/7/2025

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

5.78K shares

−2.49K

Strike price

98.25

Held after

3.29K

Exercisable

—

11/7/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (right to buy) Direct	Common Stock4K shares	11/7/2025	M · Option Exercise	−510.00	195.82	—	3.49K
Employee Stock Option (right to buy) Direct	Common Stock5.78K shares	11/7/2025	M · Option Exercise	−2.49K	98.25	—	3.29K

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

3.39K

Shares owned

3.39K

Exercise price

164.84

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

176.2

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

5.92K

Shares owned

5.92K

Exercise price

197.80

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

4.30K

Shares owned

4.30K

Exercise price

143.20

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

3.31K

Shares owned

3.31K

Exercise price

143.87

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

1.89K

Shares owned

1.89K

Exercise price

424.82

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.26K

Shares owned

2.26K

Exercise price

355.90

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

183.87

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.60K

Shares owned

2.60K

Exercise price

325.99

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

3.78K

Shares owned

3.78K

Exercise price

238.60

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

134.25

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

2.06K

Shares owned

2.06K

Exercise price

400.97

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

5.70K

Shares owned

5.70K

Exercise price

261.32

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

4.18K

Shares owned

4.18K

Exercise price

122.50

Expiration

—

Exercise window

—

Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

6.80K

Shares owned

6.80K

Exercise price

125.50

Expiration

—

Exercise window

—

Total

Underlying

64.19K

Owned

64.19K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option (right to buy) Direct	Common Stock	164.84	—	—	3.39K	3.39K
Employee Stock Option (right to buy) Direct	Common Stock	176.2	—	—	4K	4K
Employee Stock Option (right to buy) Direct	Common Stock	197.80	—	—	5.92K	5.92K
Employee Stock Option (right to buy) Direct	Common Stock	143.20	—	—	4.30K	4.30K
Employee Stock Option (right to buy) Direct	Common Stock	143.87	—	—	3.31K	3.31K
Employee Stock Option (right to buy) Direct	Common Stock	424.82	—	—	1.89K	1.89K
Employee Stock Option (right to buy) Direct	Common Stock	355.90	—	—	2.26K	2.26K
Employee Stock Option (right to buy) Direct	Common Stock	183.87	—	—	4K	4K
Employee Stock Option (right to buy) Direct	Common Stock	325.99	—	—	2.60K	2.60K
Employee Stock Option (right to buy) Direct	Common Stock	238.60	—	—	3.78K	3.78K
Employee Stock Option (right to buy) Direct	Common Stock	156	—	—	5K	5K
Employee Stock Option (right to buy) Direct	Common Stock	134.25	—	—	5K	5K
Employee Stock Option (right to buy) Direct	Common Stock	400.97	—	—	2.06K	2.06K
Employee Stock Option (right to buy) Direct	Common Stock	261.32	—	—	5.70K	5.70K
Employee Stock Option (right to buy) Direct	Common Stock	122.50	—	—	4.18K	4.18K
Employee Stock Option (right to buy) Direct	Common Stock	125.50	—	—	6.80K	6.80K
Total					64.19K	64.19K