SCOTT M. QUIST - 26 Nov 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Signature
/s/ Scott M. Quist
Issuer symbol
SNFCA
Transactions as of
26 Nov 2024
Transactions value $
$976,357
Form type
4
Filing time
26 Dec 2024, 12:57:11 UTC
Previous filing
03 Feb 2022
Next filing
04 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNFCA Class C Common Stock Options Exercise $196K +62.3K +115.19% $3.14 116K 26 Nov 2024 Direct
transaction SNFCA Class C Common Stock Options Exercise $283K +65.4K +56.21% $4.32 182K 26 Nov 2024 Direct
transaction SNFCA Class C Common Stock Other -$478K -36.6K -20.14% $13.06 145K 26 Nov 2024 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNFCA Employee Stock Option (right to buy) Disposed to Issuer -$283K -65.4K -100% $4.32 0 06 Dec 2019 Class C Common Stock 65.4K $4.32 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Disposed to Issuer -$196K -62.3K -100% $3.14 0 27 Mar 2020 Class C Common Stock 62.3K $3.14 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $471K +57.9K $8.13 57.9K 03 Dec 2021 Class C Common Stock 57.9K $8.13 Direct F6
transaction SNFCA Employee Stock Option (right to buy) Award $440K +71.7K +123.81% $6.14 130K 02 Dec 2022 Class C Common Stock 71.7K $6.14 Direct F7
transaction SNFCA Employee Stock Option (right to buy) Award $544K +68.3K +52.68% $7.97 198K 01 Dec 2023 Class C Common Stock 68.3K $7.97 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person borrowed 36,614 shares of Class C Common Stock from the George and Shirley Quist Partnership, LTD and subsequently repaid those shares back to the Partnership at the time of the stock issuance.
F2 Does not include 343,791 shares of Class A Common Stock and 93,432 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
F3 Includes 54,082 shares of Class A Common Stock and 91,091 shares of Class C Common Stock.
F4 This option was granted on December 6, 2019 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $6.01 per share. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023 and July 12, 2024.
F5 This option was granted on March 27, 2020 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $4.16 per share. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023 and July 12, 2024.
F6 This option was granted on December 3, 2021 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $9.48 per share. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 8, 2022, July 14, 2023 and July 12, 2024.
F7 This option was granted on December 2, 2022 as an option for either 65,000 shares of Class A Common Stock or 65,000 shares of Class C Common Stock at an exercise price of $6.80 per share. This option reflects the reporting person's election to have an option for 65,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 14, 2023 and July 12, 2024.
F8 This option was granted on December 1, 2023 as an option for either 65,000 shares of Class A Common Stock or 65,000 shares of Class C Common Stock at an exercise price of $8.39 per share. This option reflects the reporting person's election to have an option for 65,000 Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 12, 2024. The options vest in four equal quarterly installments, beginning on March 1, 2024.