Ludmya B. Love - 01 Dec 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

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	Director Stock Option (right to buy)	Award	$51,465	+6,615		$7.78	6,615	03 Dec 2021	Class A Common Stock	6,615	$7.78	Direct	F1
transaction	SNFCA	Director Stock Option (right to buy)	Award	$45,276	+7,350	+111%	$6.16	13,965	02 Dec 2022	Class A Common Stock	7,350	$6.16	Direct	F2
transaction	SNFCA	Director Stock Option (right to buy)	Award	$63,920	+8,000	+57%	$7.99	21,965	01 Dec 2023	Class A Common Stock	8,000	$7.99	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	This option was granted on December 3, 2021 as an option for 6,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $8.62 per share but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 08, 2022 and July 14, 2023.
F2	This option was granted on December 2, 2022 as an option for 7,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.48 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 14, 2023.
F3	This option was granted on December 1, 2023 as an option for 8,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $7.99. The options granted vest quarterly, with 100% vesting on December 1, 2024.