Form 4: Winmark Corp Director Acquires Stock Options
SEC Form 4 Filing
Director Jenele C. Grassle acquired 300 stock options at $400.97 each and disposed of 2,500 common stock shares.
Summary
- Jenele C. Grassle, a director at Winmark Corp, has filed a Form 4 indicating changes in beneficial ownership.
- The filing shows the acquisition of 300 non-employee stock options with an exercise price of $400.97 on December 9, 2024.
- These options become exercisable starting December 9, 2025, at a rate of 25% per year over four years.
- The filing also indicates the disposal of 2,500 common stock shares.
- Ms. Grassle also holds a number of other non-employee stock options granted between 2016 and 2024, with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing of insider transactions, which is neither positive nor negative in itself.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
- The vesting schedule of 25% per year for four years is a common structure for stock options.
- The exercise prices of the options are typical for a company with a rising stock price over time.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the trading activity of a company director.
- The acquisition of stock options aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/01/2016 | Grant date of non-employee stock options with an exercise price of $91.93. |
| 12/14/2016 | Grant date of non-employee stock options with an exercise price of $90.99. |
| 06/01/2017 | Grant date of non-employee stock options with an exercise price of $98.25. |
| 12/12/2017 | Grant date of non-employee stock options with an exercise price of $125.5. |
| 06/01/2018 | Grant date of non-employee stock options with an exercise price of $122.5. |
| 12/11/2018 | Grant date of non-employee stock options with an exercise price of $134.25. |
| 06/01/2019 | Grant date of non-employee stock options with an exercise price of $143.2. |
| 12/11/2019 | Grant date of non-employee stock options with an exercise price of $156. |
| 06/01/2020 | Grant date of non-employee stock options with an exercise price of $164.84. |
| 12/16/2020 | Grant date of non-employee stock options with an exercise price of $176.2. |
| 06/01/2021 | Grant date of non-employee stock options with an exercise price of $143.87. |
| 12/14/2021 | Grant date of non-employee stock options with an exercise price of $183.87. |
| 06/01/2022 | Grant date of non-employee stock options with an exercise price of $195.82. |
| 12/13/2022 | Grant date of non-employee stock options with an exercise price of $261.32. |
| 06/01/2023 | Grant date of non-employee stock options with an exercise price of $197.8. |
| 12/12/2023 | Grant date of non-employee stock options with an exercise price of $238.6. |
| 06/01/2024 | Grant date of non-employee stock options with an exercise price of $325.99. |
| 12/01/2024 | Grant date of non-employee stock options with an exercise price of $446.68. |
| 12/09/2024 | Date of the reported transaction, including the acquisition of 300 stock options at $400.97 and disposal of 2,500 common stock shares. |
| 06/01/2025 | Grant date of non-employee stock options with an exercise price of $355.9. |
| 12/09/2025 | Start date for vesting of the 300 stock options acquired on December 9, 2024. |
Keywords
stock options, Form 4, beneficial ownership, Winmark Corp, director, equity securities, insider trading
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.