Winmark Corporation Chief Financial Officer Anthony D. Ishaug filed a Form 4 on November 6, 2026, disclosing the exercise of employee stock options and resulting changes in his beneficial ownership of common stock.

Key Highlights

  • Option exercise: Ishaug exercised 3,800 employee stock options on November 4, 2026, at an exercise price of $125.5 per share (transaction code M).
  • Shares acquired: The exercise added 3,800 shares of common stock, acquired at $125.5 per share.
  • Post-transaction ownership: Ishaug directly holds 73,576 shares of Winmark common stock following the reported transaction.
  • Remaining options on exercised grant: Following the exercise, 3,000 options remain on the December 12, 2017 grant (expiring December 12, 2026) at an exercise price of $125.5.
  • Total remaining option grants: Ishaug holds 19 additional employee stock option grants, with exercise prices ranging from $122.5 to $444.54 and expiration dates extending to December 15, 2035.
  • Vesting schedule: According to the filing, options vest at 25% per year for four years.

Ishaug's November 2026 Option Exercise at Winmark Corporation

Anthony D. Ishaug, identified in the filing as Chief Financial Officer of Winmark Corporation (NASDAQ:WINA), reported a single transaction dated November 4, 2026. The transaction involved the exercise of 3,800 employee stock options carrying an exercise price of $125.5 per share, reflected as an "M" code acquisition in Table I. Following the exercise, the filing shows Ishaug directly holds 73,576 shares of Winmark common stock.

In Table II, the filing details Ishaug's derivative security holdings before and after the transaction. The options exercised originated from a grant with a date exercisable of December 12, 2017, and an expiration date of December 12, 2026. After the exercise of 3,800 options from that grant, 3,000 options remain outstanding on it. The filing lists 18 additional employee stock option grants with exercise prices ranging from $122.5 to $444.54 per share and expiration dates running from June 6, 2027 through December 15, 2035. The underlying security for all listed options is Winmark common stock, and vesting is described as 25% per year for four years.

All reported holdings are listed as directly owned. No indirect ownership, 10b5-1 plan designation, or amendment to a prior filing is indicated in this Form 4.

What Was Disclosed

The filing reports Ishaug's exercise of 3,800 Winmark employee stock options at $125.5 per share on November 4, 2026, resulting in direct beneficial ownership of 73,576 common shares, along with a detailed listing of remaining option grants.