S. Andrew Quist - 18 Jun 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Vice President/General Counsel, Director
Signature: /s/ Andrew Quist
Issuer symbol: SNFCA
Transactions as of: 18 Jun 2024
Net transactions value: +$2,717,128
Form type: 4
Filing time: 20 Jun 2024, 16:39:53 UTC
Previous filing: 16 Feb 2024
Next filing: 26 Sep 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class A Common Stock	Options Exercise	$117,667	+15,901	+36%	$7.40	59,524	18 Jun 2024	Direct	F1

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	$41,979	-15,901	-100%	$2.64	0	02 Jul 2014	Class A Common Stock	15,901	$2.64	Direct	F2
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$98,589	+31,803		$3.10	31,803	05 Dec 2014	Class A Common Stock	31,803	$3.10	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$131,757	+30,289	+95%	$4.35	62,092	04 Dec 2015	Class A Common Stock	30,289	$4.35	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$138,177	+28,847	+46%	$4.79	90,939	02 Dec 2016	Class A Common Stock	28,847	$4.79	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$99,452	+27,473	+30%	$3.62	118,412	01 Dec 2017	Class C Common Stock	27,473	$3.62	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$136,380	+32,705	+28%	$4.17	151,117	30 Nov 2018	Class C Common Stock	32,705	$4.17	Direct	F7
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$216,288	+49,836	+33%	$4.34	200,953	06 Dec 2019	Class C Common Stock	49,836	$4.34	Direct	F8
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$149,508	+47,463	+24%	$3.15	248,416	27 Mar 2020	Class C Common Stock	47,463	$3.15	Direct	F9
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$514,647	+66,150	+27%	$7.78	314,566	03 Dec 2021	Class C Common Stock	66,150	$7.78	Direct	F10
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$517,440	+84,000	+27%	$6.16	398,566	02 Dec 2022	Class C Common Stock	84,000	$6.16	Direct	F11
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$639,200	+80,000	+20%	$7.99	478,566	01 Dec 2023	Class C Common Stock	80,000	$7.99	Direct	F12

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

Explanation of Responses:

Id	Content
F1	Does not include 95,078 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
F2	This option was granted on July 2, 2014 as an option for 10,000 shares of Class A Common Stock at an exercise price of $4.29 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015, February 5, 2016, 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 5, 2014 as an option for 20,000 shares of Class A Common Stock at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015, February 5, 2016, 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.
F4	This option was granted on December 4, 2015 as an option for 20,000 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; 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.
F5	This option was granted on December 2, 2016 as an option for 20,000 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 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F6	This option was granted on December 1, 2017 as an option for either 20,000 shares of Class A Common Stock or 20,000 shares or 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 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 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.
F7	This option was granted on November 30, 2018 as an option for either 25,000 shares of Class A Common Stock or 25,000 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 25,000 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 2.5% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F8	This option was granted on December 6, 2019 as an option for either 40,000 shares of Class A Common Stock or 40,000 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 40,000 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 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.
F9	This option was granted on March 27, 2020 as an option for either 40,000 shares of Class A Common Stock or 40,000 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 40,000 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022 and July 14, 2023.
F10	This option was granted on December 3, 2021 as an option for 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.
F11	This option was granted on December 2, 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.
F12	The 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.