Form 4: Winmark Corp CEO Brett Heffes Exercises Options and Sells Shares
SEC Form 4
Brett Heffes, Chairman and CEO of Winmark Corp, recently exercised employee stock options and sold shares to cover the exercise costs and associated taxes.
Summary
- On November 5th and 6th, 2024, Brett Heffes, the Chairman and CEO of Winmark Corp, exercised employee stock options and sold shares of common stock.
- Heffes exercised options to acquire a total of 9,302 shares at prices of $143.20 and $156.
- Simultaneously, he sold a total of 7,897 shares at prices ranging from $390.00 to $405.00.
- These sales were primarily to cover the payment of the exercise price of the options and taxes due on the option exercises.
- Following these transactions, Heffes directly owns 112,500 shares of Winmark Corp common stock and indirectly owns 285 shares through a family office.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions. It's common for executives to exercise stock options and sell a portion of the acquired shares to cover the costs.
Key Dates
| Date | Description |
|---|---|
| 06/01/2019 | Date exercisable for some employee stock options |
| 12/11/2019 | Date exercisable for some employee stock options |
| 06/01/2020 | Date exercisable for some employee stock options |
| 12/16/2020 | Date exercisable for some employee stock options |
| 06/01/2021 | Date exercisable for some employee stock options |
| 12/14/2021 | Date exercisable for some employee stock options |
| 06/01/2022 | Date exercisable for some employee stock options |
| 12/13/2022 | Date exercisable for some employee stock options |
| 06/01/2023 | Date exercisable for some employee stock options |
| 12/12/2023 | Date exercisable for some employee stock options |
| 06/01/2024 | Date exercisable for some employee stock options |
| 11/05/2024 | Earliest transaction date; Heffes exercised options and sold shares |
| 11/06/2024 | Heffes exercised options and sold shares |
| 11/07/2024 | Date of signature |
| 06/01/2025 | Date exercisable for some employee stock options |
| 06/01/2028 | Expiration date for some employee stock options |
| 12/11/2028 | Expiration date for some employee stock options |
| 06/01/2029 | Expiration date for some employee stock options |
| 12/16/2029 | Expiration date for some employee stock options |
| 06/01/2030 | Expiration date for some employee stock options |
| 12/14/2030 | Expiration date for some employee stock options |
| 06/01/2031 | Expiration date for some employee stock options |
| 12/13/2031 | Expiration date for some employee stock options |
| 06/01/2032 | Expiration date for some employee stock options |
| 12/12/2032 | Expiration date for some employee stock options |
| 06/01/2033 | Expiration date for some employee stock options |
| 06/01/2034 | Expiration date for some employee stock options |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.