REYELTS PAUL C sold 8.0% of their position (275.00 shares) of WINMARK CORP on the open market

Open‑market sale worth $81.1K — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

REYELTS PAUL C

Filed: 3/8/2023ACC: 0001415889-23-004518

InsiderREYELTS PAUL CCIK 1242955

→

IssuerWINMARK CORPCIK 908315

Director

Since Dec 2018

-4.08K

Net shares

Net seller

$81.1K

Total sold

Open market trades

0B · 1S

Total transactions

3.45K acquired · 7.52K disposed

Non-Derivative Transactions11

Common Stock

Indirect

G · Gift

−3.80K

Price / share

—

Trade value

—

% of position

49.4%

2/9/2023

7.69K→3.89K

Common Stock

Direct

M · Option Exercise

+200.00

Price / share

$134.25

Trade value

$26.85K

% of position

New position

3/6/2023

0.00→200.00

Common Stock

Direct

M · Option Exercise

+200.00

Price / share

$143.20

Trade value

$28.64K

% of position

100.0%

3/6/2023

200.00→400.00

Common Stock

Direct

M · Option Exercise

+800.00

Price / share

$156.00

Trade value

$124.80K

% of position

200.0%

3/6/2023

400.00→1.20K

Common Stock

Direct

M · Option Exercise

+562.00

Price / share

$164.84

Trade value

$92.64K

% of position

46.8%

3/6/2023

1.20K→1.76K

Common Stock

Direct

M · Option Exercise

+562.00

Price / share

$176.20

Trade value

$99.02K

% of position

31.9%

3/6/2023

1.76K→2.32K

Common Stock

Direct

M · Option Exercise

+375.00

Price / share

$143.87

Trade value

$53.95K

% of position

16.1%

3/6/2023

2.32K→2.70K

Common Stock

Direct

M · Option Exercise

+375.00

Price / share

$183.87

Trade value

$68.95K

% of position

13.9%

3/6/2023

2.70K→3.07K

Common Stock

Direct

M · Option Exercise

+187.00

Price / share

$195.82

Trade value

$36.62K

% of position

6.1%

3/6/2023

3.07K→3.26K

Common Stock

Direct

M · Option Exercise

+187.00

Price / share

$261.32

Trade value

$48.87K

% of position

5.7%

3/6/2023

3.26K→3.45K

Common Stock

Direct

S · Sale

−275.00

Price / share

$295.00

Trade value

$81.13K

% of position

8.0%

3/6/2023

3.45K→3.17K

Total

Net shares

−627.00

Net value

$499.22K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	2/9/2023	G · Gift	−3.80K	—	—	49.4%	7.69K	3.89K
Common Stock Direct	3/6/2023	M · Option Exercise	+200.00	$134.25	$26.85K	New position	0.00	200.00
Common Stock Direct	3/6/2023	M · Option Exercise	+200.00	$143.20	$28.64K	100.0%	200.00	400.00
Common Stock Direct	3/6/2023	M · Option Exercise	+800.00	$156.00	$124.80K	200.0%	400.00	1.20K
Common Stock Direct	3/6/2023	M · Option Exercise	+562.00	$164.84	$92.64K	46.8%	1.20K	1.76K
Common Stock Direct	3/6/2023	M · Option Exercise	+562.00	$176.20	$99.02K	31.9%	1.76K	2.32K
Common Stock Direct	3/6/2023	M · Option Exercise	+375.00	$143.87	$53.95K	16.1%	2.32K	2.70K
Common Stock Direct	3/6/2023	M · Option Exercise	+375.00	$183.87	$68.95K	13.9%	2.70K	3.07K
Common Stock Direct	3/6/2023	M · Option Exercise	+187.00	$195.82	$36.62K	6.1%	3.07K	3.26K
Common Stock Direct	3/6/2023	M · Option Exercise	+187.00	$261.32	$48.87K	5.7%	3.26K	3.45K
Common Stock Direct	3/6/2023	S · Sale	−275.00	$295.00	$81.13K	8.0%	3.45K	3.17K
Total			−627.00		$499.22K

Derivative Transactions9

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

200.00 shares

−200.00

Strike price

134.25

Held after

0.00

Exercisable

—

3/6/2023

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

200.00 shares

−200.00

Strike price

143.20

Held after

0.00

Exercisable

—

3/6/2023

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

800.00 shares

−800.00

Strike price

156

Held after

0.00

Exercisable

—

3/6/2023

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

750.00 shares

−562.00

Strike price

164.84

Held after

188.00

Exercisable

—

3/6/2023

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

750.00 shares

−562.00

Strike price

176.20

Held after

188.00

Exercisable

—

3/6/2023

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

750.00 shares

−375.00

Strike price

143.87

Held after

375.00

Exercisable

—

3/6/2023

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

750.00 shares

−375.00

Strike price

183.87

Held after

375.00

Exercisable

—

3/6/2023

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

750.00 shares

−187.00

Strike price

195.82

Held after

563.00

Exercisable

—

3/6/2023

Non-Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

750.00 shares

−187.00

Strike price

261.32

Held after

563.00

Exercisable

—

3/6/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Non-Employee Stock Option (right to buy) Direct	Common Stock200.00 shares	3/6/2023	M · Option Exercise	−200.00	134.25	—	0.00
Non-Employee Stock Option (right to buy) Direct	Common Stock200.00 shares	3/6/2023	M · Option Exercise	−200.00	143.20	—	0.00
Non-Employee Stock Option (right to buy) Direct	Common Stock800.00 shares	3/6/2023	M · Option Exercise	−800.00	156	—	0.00
Non-Employee Stock Option (right to buy) Direct	Common Stock750.00 shares	3/6/2023	M · Option Exercise	−562.00	164.84	—	188.00
Non-Employee Stock Option (right to buy) Direct	Common Stock750.00 shares	3/6/2023	M · Option Exercise	−562.00	176.20	—	188.00
Non-Employee Stock Option (right to buy) Direct	Common Stock750.00 shares	3/6/2023	M · Option Exercise	−375.00	143.87	—	375.00
Non-Employee Stock Option (right to buy) Direct	Common Stock750.00 shares	3/6/2023	M · Option Exercise	−375.00	183.87	—	375.00
Non-Employee Stock Option (right to buy) Direct	Common Stock750.00 shares	3/6/2023	M · Option Exercise	−187.00	195.82	—	563.00
Non-Employee Stock Option (right to buy) Direct	Common Stock750.00 shares	3/6/2023	M · Option Exercise	−187.00	261.32	—	563.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)2

Non-Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

880.00

Shares owned

880.00

Exercise price

197.80

Expiration

—

Exercise window

—

Non-Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

620.00

Shares owned

620.00

Exercise price

238.60

Expiration

—

Exercise window

—

Total

Underlying

1.50K

Owned

1.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Non-Employee Stock Option (right to buy) Direct	Common Stock	197.80	—	—	880.00	880.00
Non-Employee Stock Option (right to buy) Direct	Common Stock	238.60	—	—	620.00	620.00
Total					1.50K	1.50K