Jeffrey R. Stephens - 17 Sep 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Gen. Counsel & Corp. Sec
Signature: /s/ Jeffrey R. Stephens
Issuer symbol: SNFCA
Transactions as of: 17 Sep 2024
Net transactions value: +$204,885
Form type: 4
Filing time: 18 Sep 2024, 15:58:04 UTC
Previous filing: 12 Dec 2023
Next filing: 19 Nov 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	$96,285	+11,209	+42%	$8.59	38,152	17 Sep 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	$40,800	-10,303	-100%	$3.96	0	30 Nov 2018	Class A Common Stock	10,303	$3.96	Direct	F2
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$40,425	-9,812	-100%	$4.12	0	06 Dec 2019	Class A Common Stock	9,812	$4.12	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$64,160	+8,682		$7.39	8,682	03 Dec 2021	Class A Common Stock	8,682	$7.39	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$64,496	+11,025	+147%	$5.85	18,525	02 Dec 2022	Class A Common Stock	11,025	$5.85	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$79,695	+10,500	+60%	$7.59	28,000	01 Dec 2023	Class A Common Stock	10,500	$7.59	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$8,735	-1,182	-14%	$7.39	7,500	17 Sep 2024	Class A Common Stock	1,182	$7.39	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$5,996	-1,025	-5.5%	$5.85	17,500	17 Sep 2024	Class A Common Stock	1,025	$5.85	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$3,795	-500	-1.8%	$7.59	27,500	17 Sep 2024	Class A Common Stock	500	$7.59	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Does not include 119,555 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 November 30, 2018 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilutions 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; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023 and July 12, 2023.
F3	This option was granted on December 6, 2019 as an option for 7,500 shares of Class A Common Stock at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilutions provisions of the 2013 Stock Option Plan to reflect a stock dividend paid on February 7, 2020; a 2 1/2% 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.
F4	This option was granted on December 3, 2021 as an option for 7,500 shares of Class A Common Stock at an exercise price of $8.62 per share, but adjusted pursuant to the anti-dilution provision of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 8, 2022, July 14, 2023 and July 12, 2024.
F5	This option was granted on December 2, 2022 as an option for 10,000 shares of Class A Common Stock at an exercise price of $6.48 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 14, 2023 and July 12, 2024.
F6	This option was granted on December 1, 2023 as an option for 10,000 shares of Class A Common Stock at an exercise price of $7.99 per share, but adjusted pursuant to 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 01, 2024.