Jason G. Overbaugh - 01 Oct 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: VP & Nat Mark Dir of Life Ins, Director
Signature: /s/ Jason G. Overbaugh
Issuer symbol: SNFCA
Transactions as of: 01 Oct 2024
Net transactions value: +$1,436,236
Form type: 4
Filing time: 02 Oct 2024, 18:16:39 UTC
Previous filing: 20 Dec 2023
Next filing: 31 Oct 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFC	Class A Common Stock	Options Exercise	$161,239	+17,526	+20%	$9.20	106,748	01 Oct 2024	Direct
transaction	SNFC	Class A Common Stock	Gift	$41,310	-4,500	-4.2%	$9.18	102,248	02 Oct 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	SNFC	Employee Stock Option (right to buy)	Award	$131,346	-31,803	-100%	$4.13	0	04 Dec 2015	Class A Common Stock	31,803	$4.13	Direct	F2
transaction	SNFC	Employee Stock Option (right to buy)	Award	$137,815	+30,289		$4.55	30,289	02 Dec 2016	Class A Common Stock	30,289	$4.55	Direct	F3
transaction	SNFC	Employee Stock Option (right to buy)	Award	$99,234	+28,847	+95%	$3.44	59,136	01 Dec 2017	Class C Common Stock	28,847	$3.44	Direct	F4
transaction	SNFC	Employee Stock Option (right to buy)	Award	$135,986	+34,340	+58%	$3.96	93,476	30 Nov 2018	Class C Common Stock	34,340	$3.96	Direct	F5
transaction	SNFC	Employee Stock Option (right to buy)	Award	$161,694	+39,246	+42%	$4.12	132,722	06 Dec 2019	Class C Common Stock	39,246	$4.12	Direct	F6
transaction	SNFC	Employee Stock Option (right to buy)	Award	$111,757	+37,377	+28%	$2.99	170,099	27 Mar 2020	Class C Common Stock	37,377	$2.99	Direct	F7
transaction	SNFC	Employee Stock Option (right to buy)	Award	$256,647	+34,729	+20%	$7.39	204,828	03 Dec 2021	Class C Common Stock	34,729	$7.39	Direct	F8
transaction	SNFC	Employee Stock Option (right to buy)	Award	$225,740	+38,588	+19%	$5.85	243,416	02 Dec 2022	Class C Common Stock	38,588	$5.85	Direct	F9
transaction	SNFC	Employee Stock Option (right to buy)	Award	$318,780	+42,000	+17%	$7.59	285,416	01 Dec 2023	Class C Common Stock	42,000	$7.59	Direct	F10

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

Explanation of Responses:

Id	Content
F1	Does not include 105,423 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 December 4, 2015 as an option to purchase 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 a 5% stock dividend 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; a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023 and July 12, 2024.
F3	This option was granted on December 2, 2016 as an option to purchase 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 a 5% stock dividend 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; a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023 and July 12, 2024.
F4	This option was granted on December 1, 2017 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 $5.05 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 a 5% stock dividend paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023 and July 12, 2024.
F5	This option was granted on November 30, 2018 as an option to purchase 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 rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 1, 2019 and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023 and July 12, 2024.
F6	This option was granted on December 6, 2019 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 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; a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023 and July 12, 2024.
F7	This option was granted on March 27, 2020 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 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; a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023 and July 12, 2024.
F8	This option was granted on December 3, 2021 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 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, July 14, 2023 and July 12, 2024.
F9	This option was granted on December 02, 2022 as an option for either 35,000 shares of Class A Common Stock or 35,000 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 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 5% stock dividend paid on July 14, 2023 and July 12, 2024.
F10	This option was granted on December 01, 2023 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 $7.99 per share. This option reflects the reporting person's election to have an option for 40,000 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. The options vest in four equal quarterly installments, beginning on March 01, 2024.