SMITH PHILIP IRVING 4

What Happened

• Philip I. Smith, a director of Winmark Corp (WINA), received a grant/award of 356 shares on 2026-06-01. The award is reported as a derivative acquisition (code A) with a per-share value of $378.57, for a total reported value of $134,771. This is an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-06-01; 356 shares at $378.57 per share (total ~$134,771).
• Vesting: Footnote indicates 25% per year for four years (likely a restricted/derivative award that vests over time).
• Shares owned after transaction: Not reported in the data provided.
• Filing timeliness: Reported with the same date as the transaction (filed 2026-06-01); no late filing indicated.
• Transaction type: Derivative award (code A) — not an immediate cash transaction or market sale.

Context

• This grant is a typical equity-compensation event for directors and does not by itself indicate immediate buying or selling in the open market. Because the award vests over four years, the economic benefit is realized over time as vesting occurs.