Credendino Keith 4

What Happened
Keith Credendino, a director of Winmark Corp (WINA), was granted a derivative award of 356 shares on June 1, 2026. The award is reported at an acquisition price of $378.57 per share, totaling $134,771. This was an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01. Report filed same day (Period of Report 2026-06-01).
• Instrument: Derivative award (code A = grant/acquisition).
• Quantity/price/value: 356 shares @ $378.57 = $134,771.
• Vesting: Footnote F1 — vests 25% per year over four years.
• Shares owned after transaction: Not reported in this filing.
• Timeliness: Filing appears timely (no late-filing flag).

Context
This was a compensation-related award with a multi-year vesting schedule, meaning the shares are not immediately tradable and will vest incrementally. Such grants are common for directors and reflect compensation rather than an immediate buy/sell market signal. Derivative awards should be interpreted differently than open-market purchases when assessing insider sentiment.