WINMARK CORP

Ticker: WINA CUSIP: 974250102 Class: Common Stock

Acuitas Investments, LLC's Holding History (CIK: 0001524828)

Note: Option positions (PUT/CALL) are excluded.

Q3 2018

Shares 29,957 Value ($000) $4,973 Avg Close $152.31 Range $141.10 - $187.10

Q2 2018

Shares 19,695 Value ($000) $2,924 Avg Close $137.08 Range $128.30 - $153.70

Q1 2018

Shares 6,025 Value ($000) $788 Avg Close $132.25 Range $123.65 - $144.10

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	29,957	$4,973	$152.31	$141.10 - $187.10
Q2 2018	19,695	$2,924	$137.08	$128.30 - $153.70
Q1 2018	6,025	$788	$132.25	$123.65 - $144.10