Scott M. Quist - Dec 6, 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Signature
/s/ Scott M. Quist
Stock symbol
SNFCA
Transactions as of
Dec 6, 2024
Transactions value $
$1,980,732
Form type
4
Date filed
2/4/2025, 06:09 PM
Previous filing
Dec 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNFCA Class C Common Stock Disposed to Issuer -$333K -25.5K -17.57% $13.06 120K Dec 6, 2024 Direct F1, F2

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) Award $471K +57.9K $8.13 57.9K Dec 3, 2021 Class C Common Stock 57.9K $8.13 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $440K +71.7K +123.81% $6.14 130K Dec 2, 2022 Class C Common Stock 71.7K $6.14 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $544K +68.3K +52.68% $7.97 198K Dec 1, 2023 Class C Common Stock 68.3K $7.97 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $100K +6.95K +3.51% $14.39 205K Dec 6, 2024 Class C Common Stock 6.95K $14.39 Direct F6
transaction SNFCA Employee Stock Option (right to buy) Award $759K +58.1K +28.35% $13.08 263K Dec 6, 2024 Class C Common Stock 58.1K $13.08 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 54,082 shares of Class A Common Stock and 65,585 shares of Class C Common Stock.
F3 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.
F4 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.
F5 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.
F6 This option was granted on December 6, 2024 as an option for either 6,950 shares of Class A Common Stock or 6,950 shares of Class C Common Stock at an exercise price of $14.39 per share. This option reflects the reporting person's election to have an option for 6,950 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 6, 2025.
F7 This option was granted on December 6, 2024 as an option for either 58,050 shares of Class A Common Stock or 58,050 shares of Class C Common Stock at an exercise price of $13.08 per share. This option reflects the reporting person's election to have an option for 58,050 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 6, 2025.