AG˹ٷ

STOCK TITAN

[Form 4] Winmark Corp Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

Gina De Caro Sprenger, a director of Winmark Corp (WINA), reported an insider purchase and existing option holdings on a Form 4. On 08/13/2025 she purchased 250 shares of Winmark common stock at $410.77 per share, and the form shows 250 shares beneficially owned directly following the reported transaction. The filing also lists multiple non-employee stock option awards held by Ms. Sprenger, including a 10,000-share option at $182.21 exercisable 01/13/2031 and several smaller option tranches. In total the filing lists 14,500 option rights with exercise prices ranging from $182.21 to $446.68 and expiration/exercisable dates between 01/13/2031 and 06/01/2035.

Gina De Caro Sprenger, membro del consiglio di amministrazione di Winmark Corp (WINA), ha segnalato un acquisto da parte di un insider e il possesso di opzioni esistenti tramite un Modulo 4. In data 08/13/2025 ha comprato 250 azioni ordinarie di Winmark al prezzo di $410.77 per azione, e il modulo indica che dopo la transazione risultano 250 azioni di sua diretta proprietà. La dichiarazione riporta inoltre diverse assegnazioni di opzioni su azioni a non dipendenti, tra cui un'opzione su 10.000 azioni a $182.21 esercitabile il 01/13/2031 e varie tranche minori. Complessivamente il deposito elenca 14.500 diritti di opzione con prezzi di esercizio compresi tra $182.21 e $446.68 e date di scadenza/esercitabilità comprese tra 01/13/2031 e 06/01/2035.

Gina De Caro Sprenger, directora de Winmark Corp (WINA), informó una compra como insider y la tenencia de opciones existentes en un Formulario 4. El 08/13/2025 compró 250 acciones ordinarias de Winmark a $410.77 por acción, y el formulario indica que tras la operación posee beneficiariamente 250 acciones en propiedad directa. La presentación también enumera varias adjudicaciones de opciones sobre acciones a no empleados, incluyendo una opción de 10.000 acciones a $182.21 ejercitable el 01/13/2031 y varios tramos más pequeños. En total, el formulario registra 14.500 derechos de opción con precios de ejercicio que van desde $182.21 hasta $446.68 y fechas de vencimiento/ejercitabilidad entre 01/13/2031 y 06/01/2035.

Winmark Corp (WINA)� 이사� Gina De Caro Sprenger가 Form 4� 통해 내부� 매수 � 기존 보유 옵션� 신고했습니다. 2025-08-13(08/13/2025) 그녀� Winmark 보통� 250�� 주당 $410.77� 매수했으�, 해당 서식에는 신고� 거래 직후 250�� 직접 실질적으� 보유하고 있는 것으� 기재되어 있습니다. 신고서에� 또한 Ms. Sprenger가 보유� 여러 비직� 스톡옵션 부� 내역� 나와 있으�, 그중에는 01/13/2031� 행사 가능한 10,000� 옵션(행사가 $182.21)� � 개의 소규� 트랜치가 포함되어 있습니다. 전체적으� 신고서에� 행사가가 $182.21에서 $446.68 사이이고 만기/행사 가능일� 01/13/2031에서 06/01/2035 사이� 14,500개의 옵션 권리가 기재되어 있습니다.

Gina De Caro Sprenger, administratrice de Winmark Corp (WINA), a déclaré un achat d'initié et la détention d'options existantes sur un Formulaire 4. Le 08/13/2025 elle a acheté 250 actions ordinaires de Winmark au prix de $410.77 par action, et le formulaire indique qu'après la transaction déclarée elle détient bénéficiairement 250 actions en propriété directe. Le dépôt mentionne également plusieurs attributions d'options sur actions destinées à des non-employés, y compris une option de 10 000 actions à $182.21 exerçable le 01/13/2031 et plusieurs tranches plus petites. Au total, le dépôt recense 14 500 droits d'option avec des prix d'exercice allant de $182.21 à $446.68 et des dates d'expiration/exerçabilité comprises entre 01/13/2031 et 06/01/2035.

Gina De Caro Sprenger, Direktorin von Winmark Corp (WINA), meldete einen Insiderkauf und vorhandene Optionsbestände in einem Formular 4. Am 08/13/2025 erwarb sie 250 Aktien der Winmark-Stammaktien zu $410.77 pro Aktie, und das Formular weist aus, dass ihr nach der gemeldeten Transaktion 250 Aktien direkt nutzbar gehören. Die Einreichung listet außerdem mehrere Nicht-Mitarbeiter-Aktienoptionszuteilungen von Frau Sprenger auf, darunter eine 10.000-Aktien-Option zu $182.21, ausübbar am 01/13/2031, sowie mehrere kleinere Tranchen. Insgesamt verzeichnet die Meldung 14.500 Optionsrechte mit Ausübungspreisen zwischen $182.21 und $446.68 und Fälligkeits-/Ausübungsdaten zwischen 01/13/2031 und 06/01/2035.

Positive
  • Insider purchase: Director Gina De Caro Sprenger purchased 250 shares of WINA at $410.77 on 08/13/2025
  • Substantial option holdings: The filing lists 14,500 non-employee stock option rights with strike prices from $182.21 to $446.68 and expirations/exercisable dates through 06/01/2035
  • Form filed individually: The Form 4 is filed by one reporting person and shows her relationship as a Director
Negative
  • None.

Insights

TL;DR: A small open-market purchase of 250 shares is reported alongside substantial option holdings; impact is limited without size context.

The Form 4 documents a purchase of 250 Winmark shares at $410.77 and enumerates 14,500 non-employee stock options across multiple grant dates and strike prices. The purchase itself is modest in absolute share count, while the option inventory represents meaningful potential future equity exposure if exercised. For investors, the filing is noteworthy as a record of insider activity and long-dated option positions, but it does not by itself provide information on timing or intent beyond the transactions reported.

TL;DR: Routine Section 16 disclosure by a director showing an open-market buy and existing option grants; governance implications are neutral.

The filing indicates compliance with Section 16 reporting and shows Ms. Sprenger as a director who completed a purchase on 08/13/2025 and continues to hold multiple non-employee options. The disclosure is consistent with normal director compensation practices and post-grant reporting. There are no disclosures of amendments, pledges, or transfers that would raise immediate governance concerns in this filing.

Gina De Caro Sprenger, membro del consiglio di amministrazione di Winmark Corp (WINA), ha segnalato un acquisto da parte di un insider e il possesso di opzioni esistenti tramite un Modulo 4. In data 08/13/2025 ha comprato 250 azioni ordinarie di Winmark al prezzo di $410.77 per azione, e il modulo indica che dopo la transazione risultano 250 azioni di sua diretta proprietà. La dichiarazione riporta inoltre diverse assegnazioni di opzioni su azioni a non dipendenti, tra cui un'opzione su 10.000 azioni a $182.21 esercitabile il 01/13/2031 e varie tranche minori. Complessivamente il deposito elenca 14.500 diritti di opzione con prezzi di esercizio compresi tra $182.21 e $446.68 e date di scadenza/esercitabilità comprese tra 01/13/2031 e 06/01/2035.

Gina De Caro Sprenger, directora de Winmark Corp (WINA), informó una compra como insider y la tenencia de opciones existentes en un Formulario 4. El 08/13/2025 compró 250 acciones ordinarias de Winmark a $410.77 por acción, y el formulario indica que tras la operación posee beneficiariamente 250 acciones en propiedad directa. La presentación también enumera varias adjudicaciones de opciones sobre acciones a no empleados, incluyendo una opción de 10.000 acciones a $182.21 ejercitable el 01/13/2031 y varios tramos más pequeños. En total, el formulario registra 14.500 derechos de opción con precios de ejercicio que van desde $182.21 hasta $446.68 y fechas de vencimiento/ejercitabilidad entre 01/13/2031 y 06/01/2035.

Winmark Corp (WINA)� 이사� Gina De Caro Sprenger가 Form 4� 통해 내부� 매수 � 기존 보유 옵션� 신고했습니다. 2025-08-13(08/13/2025) 그녀� Winmark 보통� 250�� 주당 $410.77� 매수했으�, 해당 서식에는 신고� 거래 직후 250�� 직접 실질적으� 보유하고 있는 것으� 기재되어 있습니다. 신고서에� 또한 Ms. Sprenger가 보유� 여러 비직� 스톡옵션 부� 내역� 나와 있으�, 그중에는 01/13/2031� 행사 가능한 10,000� 옵션(행사가 $182.21)� � 개의 소규� 트랜치가 포함되어 있습니다. 전체적으� 신고서에� 행사가가 $182.21에서 $446.68 사이이고 만기/행사 가능일� 01/13/2031에서 06/01/2035 사이� 14,500개의 옵션 권리가 기재되어 있습니다.

Gina De Caro Sprenger, administratrice de Winmark Corp (WINA), a déclaré un achat d'initié et la détention d'options existantes sur un Formulaire 4. Le 08/13/2025 elle a acheté 250 actions ordinaires de Winmark au prix de $410.77 par action, et le formulaire indique qu'après la transaction déclarée elle détient bénéficiairement 250 actions en propriété directe. Le dépôt mentionne également plusieurs attributions d'options sur actions destinées à des non-employés, y compris une option de 10 000 actions à $182.21 exerçable le 01/13/2031 et plusieurs tranches plus petites. Au total, le dépôt recense 14 500 droits d'option avec des prix d'exercice allant de $182.21 à $446.68 et des dates d'expiration/exerçabilité comprises entre 01/13/2031 et 06/01/2035.

Gina De Caro Sprenger, Direktorin von Winmark Corp (WINA), meldete einen Insiderkauf und vorhandene Optionsbestände in einem Formular 4. Am 08/13/2025 erwarb sie 250 Aktien der Winmark-Stammaktien zu $410.77 pro Aktie, und das Formular weist aus, dass ihr nach der gemeldeten Transaktion 250 Aktien direkt nutzbar gehören. Die Einreichung listet außerdem mehrere Nicht-Mitarbeiter-Aktienoptionszuteilungen von Frau Sprenger auf, darunter eine 10.000-Aktien-Option zu $182.21, ausübbar am 01/13/2031, sowie mehrere kleinere Tranchen. Insgesamt verzeichnet die Meldung 14.500 Optionsrechte mit Ausübungspreisen zwischen $182.21 und $446.68 und Fälligkeits-/Ausübungsdaten zwischen 01/13/2031 und 06/01/2035.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SPRENGER GINA DECARO

(Last) (First) (Middle)
605 HIGHWAY 169 N
SUITE 400

(Street)
MINNEAPOLIS MN 55441

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WINMARK CORP [ WINA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/13/2025 P 250 A $410.77 250 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Employee Stock Option (right to buy) $182.21 01/13/2022(1) 01/13/2031 Common Stock 10,000 10,000 D
Non-Employee Stock Option (right to buy) $195.82 06/01/2022(1) 06/01/2031 Common Stock 750 750 D
Non-Employee Stock Option (right to buy) $261.32 12/13/2022(1) 12/13/2031 Common Stock 750 750 D
Non-Employee Stock Option (right to buy) $197.8 06/01/2023(1) 06/01/2032 Common Stock 880 880 D
Non-Employee Stock Option (right to buy) $238.6 12/12/2023(1) 12/12/2032 Common Stock 620 620 D
Non-Employee Stock Option (right to buy) $325.99 06/01/2024(1) 06/01/2033 Common Stock 380 380 D
Non-Employee Stock Option (right to buy) $446.68 12/11/2024(1) 12/11/2024 Common Stock 240 240 D
Non-Employee Stock Option (right to buy) $355.9 06/01/2025(1) 06/01/2034 Common Stock 300 300 D
Non-Employee Stock Option (right to buy) $400.97 12/09/2025(1) 12/09/2034 Common Stock 300 300 D
Non-Employee Stock Option (right to buy) $424.82 06/01/2026(1) 06/01/2035 Common Stock 280 280 D
Explanation of Responses:
1. 25% per year for four years.
/s/ Gina De Caro Sprenger 08/13/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Gina De Caro Sprenger report on the WINA Form 4?

The Form 4 reports a purchase of 250 shares of Winmark common stock on 08/13/2025 at a price of $410.77 per share.

How many Winmark shares does the reporting person beneficially own after the transaction?

The filing shows 250 shares beneficially owned directly following the reported transaction.

What stock options does Gina De Caro Sprenger hold according to the filing?

The filing lists multiple non-employee stock options, including a 10,000-share option at $182.21 exercisable 01/13/2031 and additional tranches totaling 14,500 option rights.

What is the reporting person’s role at Winmark (WINA)?

The form identifies Gina De Caro Sprenger as a Director of Winmark Corp.

Was the Form 4 filed individually or jointly?

The Form 4 was filed by one reporting person (individual filing).

Do the disclosed options have long-dated exercisable or expiration dates?

Yes, the options shown include exercisable and/or expiration dates ranging from 01/13/2031 through 06/01/2035.
Winmark

NASDAQ:WINA

WINA Rankings

WINA Latest News

WINA Latest SEC Filings

WINA Stock Data

1.39B
2.95M
16.77%
78.86%
6.56%
Specialty Retail
Retail-miscellaneous Retail
United States
MINNEAPOLIS