REYELTS PAUL C exercised options at WINMARK CORP

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

M · 4 exercises

REYELTS PAUL C

Filed: 10/13/2021ACC: 0001179110-21-009384

InsiderREYELTS PAUL CCIK 1242955

→

IssuerWINMARK CORPCIK 908315

Director

Since Dec 2018

0.00

Net shares

Net seller

$364.9K

Total acquired

Open market trades

0B · 0S

Total transactions

2.80K acquired · 2.80K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+600.00

Price / share

$134.25

Trade value

$80.55K

% of position

New position

10/12/2021

0.00→600.00

Common Stock

Direct

M · Option Exercise

+600.00

Price / share

$143.20

Trade value

$85.92K

% of position

100.0%

10/12/2021

600.00→1.20K

Common Stock

Direct

M · Option Exercise

+800.00

Price / share

$122.50

Trade value

$98K

% of position

66.7%

10/12/2021

1.20K→2K

Common Stock

Direct

M · Option Exercise

+800.00

Price / share

$125.50

Trade value

$100.40K

% of position

40.0%

10/12/2021

2K→2.80K

Total

Net shares

+2.80K

Net value

$364.87K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	10/12/2021	M · Option Exercise	+600.00	$134.25	$80.55K	New position	0.00	600.00
Common Stock Direct	10/12/2021	M · Option Exercise	+600.00	$143.20	$85.92K	100.0%	600.00	1.20K
Common Stock Direct	10/12/2021	M · Option Exercise	+800.00	$122.50	$98K	66.7%	1.20K	2K
Common Stock Direct	10/12/2021	M · Option Exercise	+800.00	$125.50	$100.40K	40.0%	2K	2.80K
Total			+2.80K		$364.87K

Derivative Transactions4

Non-Employee Director Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

800.00 shares

−800.00

Strike price

125.50

Held after

0.00

Exercisable

—

10/12/2021

Non-Employee Director Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

800.00 shares

−800.00

Strike price

122.50

Held after

0.00

Exercisable

—

10/12/2021

Non-Employee Director Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

800.00 shares

−600.00

Strike price

134.25

Held after

200.00

Exercisable

—

10/12/2021

Non-Employee Director Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

800.00 shares

−600.00

Strike price

143.20

Held after

200.00

Exercisable

—

10/12/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Non-Employee Director Stock Option (right to buy) Direct	Common Stock800.00 shares	10/12/2021	M · Option Exercise	−800.00	125.50	—	0.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock800.00 shares	10/12/2021	M · Option Exercise	−800.00	122.50	—	0.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock800.00 shares	10/12/2021	M · Option Exercise	−600.00	134.25	—	200.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock800.00 shares	10/12/2021	M · Option Exercise	−600.00	143.20	—	200.00

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned1.35K

Common Stock

Indirect

Shares owned7.99K

Total

9.34K indirect9.34K

Security Title	Shares Owned	Ownership Type
Common Stock	1.35K	Indirect
Common Stock	7.99K	Indirect
Total	9.34K	9.34K indirect

Derivative Holdings (Post-Transaction)6

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

750.00

Shares owned

750.00

Exercise price

195.82

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

750.00

Shares owned

750.00

Exercise price

164.84

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

750.00

Shares owned

750.00

Exercise price

143.87

Expiration

—

Exercise window

—

Non-Employee Director (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

750.00

Shares owned

750.00

Exercise price

176.20

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

750.00

Shares owned

750.00

Exercise price

183.87

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

800.00

Shares owned

800.00

Exercise price

156.00

Expiration

—

Exercise window

—

Total

Underlying

4.55K

Owned

4.55K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	195.82	—	—	750.00	750.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	164.84	—	—	750.00	750.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	143.87	—	—	750.00	750.00
Non-Employee Director (right to buy) Direct	Common Stock	176.20	—	—	750.00	750.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	183.87	—	—	750.00	750.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	156.00	—	—	800.00	800.00
Total					4.55K	4.55K