Form 4: Winmark Corp Director Lawrence A. Barbetta Sells Shares
SEC Form 4
Director Lawrence A. Barbetta of Winmark Corp. executed multiple sales of common stock on July 31, 2024, while holding a significant number of shares and stock options.
Summary
- On July 31, 2024, Lawrence A. Barbetta, a director of Winmark Corp. (WINA), sold a total of 2,412 shares of common stock in multiple transactions.
- The sales were executed at varying prices, ranging from $392.61 to $399.12 per share.
- Following these transactions, Barbetta still directly owns 4,522 shares of Winmark Corp.
- Barbetta also holds a number of non-employee director stock options, which vest 25% per year for four years, with exercise prices ranging from $134.25 to $446.68 and expiration dates extending to 2034.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The director is selling a small portion of their holdings.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common and closely monitored by investors for insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The stock sale may cause short-term fluctuations in the stock price, potentially impacting shareholders.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/11/2018 | Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2019 | Date of Non-Employee Director Stock Option (right to buy) |
| 12/11/2019 | Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2020 | Date of Non-Employee Director Stock Option (right to buy) |
| 12/16/2020 | Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2021 | Date of Non-Employee Director Stock Option (right to buy) |
| 12/14/2021 | Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2022 | Date of Non-Employee Director Stock Option (right to buy) |
| 12/13/2022 | Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2023 | Date of Non-Employee Stock Option (right to buy) |
| 12/12/2023 | Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2024 | Date of Non-Employee Director Stock Option (right to buy) |
| 07/31/2024 | Date of stock sale transactions |
| 12/11/2024 | Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2025 | Date of Non-Employee Director Stock Option (right to buy) |
| 12/11/2027 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2028 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 12/11/2028 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2029 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 12/16/2029 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2030 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 12/14/2030 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2031 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 12/13/2031 | Expiration Date of Non-Employee Stock Option (right to buy) |
| 06/01/2032 | Expiration Date of Non-Employee Stock Option (right to buy) |
| 12/12/2032 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2033 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 12/11/2033 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 06/01/2034 | Expiration Date of Non-Employee Director Stock Option (right to buy) |
| 08/02/2024 | Date of signature |
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