Form 4: Winmark Corp Director Lawrence A. Barbetta Sells Shares
SEC Form 4 Filing
Director Lawrence A. Barbetta of Winmark Corp reports selling shares of common stock in multiple transactions.
Summary
- Lawrence A. Barbetta, a director of Winmark Corp, filed a Form 4 detailing changes in beneficial ownership.
- On July 26, 2024, he sold 583 shares of common stock at an average price of $405.09.
- On July 29, 2024, he sold 80 shares at an average price of $405.00 and 44 shares at an average price of $400.32.
- Following these transactions, Barbetta directly owns 6,934 shares of Winmark Corp common stock.
- He also holds multiple non-employee director stock options with varying exercise prices and expiration dates.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative due to the insider selling activity. While not inherently alarming, it warrants monitoring.
Negatives
- A director selling shares could be interpreted negatively by the market, although the reason for the sale is not disclosed.
Risks
- Insider selling activity can sometimes signal a lack of confidence in the company's future prospects, although this is not always the case.
Industry Context
Insider trading activity is always closely watched by investors as it can provide insights into the company's performance and future prospects relative to its peers.
Stakeholder Impact
- Shareholders may react to the news of insider selling, potentially leading to short-term price fluctuations.
Key Dates
| Date | Description |
|---|---|
| 12/11/2018 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $134.25 |
| 06/01/2019 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $143.2 |
| 12/11/2019 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $156 |
| 06/01/2020 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $164.84 |
| 12/16/2020 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $176.2 |
| 06/01/2021 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $143.87 |
| 12/14/2021 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $183.87 |
| 06/01/2022 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $195.82 |
| 12/13/2022 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $261.32 |
| 06/01/2023 | Date exercisable for Non-Employee Stock Option (right to buy) at $197.8 |
| 12/12/2023 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $238.6 |
| 06/01/2024 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $325.99 |
| 07/26/2024 | Director Barbetta sold 583 shares of common stock at an average price of $405.09. |
| 07/29/2024 | Director Barbetta sold 80 shares at an average price of $405.00 and 44 shares at an average price of $400.32. |
| 07/30/2024 | Date of signature for the Form 4 filing. |
| 12/11/2024 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $446.68 |
| 06/01/2025 | Date exercisable for Non-Employee Director Stock Option (right to buy) at $355.9 |
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