Adam Quist - Dec 1, 2023 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Vice President/General Counsel, Director
Signature: /s/ Adam Quist
Stock symbol: SNFCA
Transactions as of: Dec 1, 2023
Transactions value $: $2,263,899
Form type: 4
Date filed: 12/20/2023, 12:50 PM
Previous filing: Dec 30, 2021
Next filing: Oct 31, 2024
SEC: View on sec.gov

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	$19.8K	+4.54K		$4.35^*	4.54K	Dec 4, 2015	Class A Common Stock	4.54K	$4.35	Direct	F1
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$69.1K	+14.4K	+317.48%	$4.79^*	19K	Dec 2, 2016	Class A Common Stock	14.4K	$4.79	Direct	F2
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$74.6K	+20.6K	+108.64%	$3.62^*	39.6K	Dec 1, 2017	Class A Common Stock	20.6K	$3.62	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$109K	+26.2K	+66.12%	$4.17^*	65.7K	Nov 30, 2018	Class A Common Stock	26.2K	$4.17	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$189K	+43.6K	+66.34%	$4.34^*	109K	Dec 6, 2019	Class A Common Stock	43.6K	$4.34	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$131K	+41.5K	+37.98%	$3.15	151K	Mar 27, 2020	Class A Common Stock	41.5K	$3.15	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$515K	+66.2K	+43.85%	$7.78	217K	Dec 3, 2021	Class C Common Stock	66.2K	$7.78	Direct	F7
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$517K	+84K	+38.71%	$6.16	301K	Dec 2, 2022	Class C Common Stock	84K	$6.16	Direct	F8
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$639K	+80K	+26.58%	$7.99	381K	Dec 1, 2023	Class C Common Stock	80K	$7.99	Direct	F9

Showing 1 to 9 of 9 entries

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

Explanation of Responses:

Id	Content
F1	This option was granted on December 4, 2015 as an option for 3,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F2	This option was granted on December 2, 2016 as an option for 10,000 shares of Class A Common Stock at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2013Stock 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F3	This option was granted on December 1, 2017 as an option to purchase either 15,000 shares of Class A Common Stock or 15,000 shares of Class C Common Stock at an exercise price of $5.05 per share. This option reflects the reporting person's election to have an option for 15,000 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 2, 2018, February 1 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F4	This option was granted on November 30, 2018 as an option to purchase either 20,000 shares of Class A Common Stock or 20,000 shares of Class C Common Stock at an exercise price of $5.52 per share. This option reflects the reporting person's election to have an option for 20,000 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 1, 2019 and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F5	This option was granted on December 6, 2019 as an option to purchase either 35,000 shares of Class A Common Stock or 35,000 shares of Class C Common Stock at an exercise price of $5.46 per share. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F6	This option was granted on March 27, 2020 as an option to purchase either 35,000 shares of Class A Common Stock or 35,000 shares of Class C Common Stock at an exercise price of $3.76 per share. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F7	This option was granted on December 3, 2021 as an option to purchase either 60,000 shares of Class A Common Stock or 60,000 shares of Class C Common Stock at an exercise price of $8.62 per share. This option reflects the reporting person's election to have an option for 60,000 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 08, 2022 and July 14, 2023.
F8	This option was granted on December 02, 2022 as an option for either 80,000 shares of Class A Common Stock or 80,000 shares of Class C Common Stock at an exercise price of $6.48 per share. This option reflects the reporting person's election to have an option for 80,000 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 14, 2023.
F9	This option was granted on December 01, 2023 as an option for either 80,000 shares of Class A Common Stock or 80,000 shares of Class C Common Stock at an exercise price of $7.99 per share. This option reflects the reporting person's election to have an option for 80,000 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 01, 2024.