Garrett S. Sill - Nov 18, 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Chief Financial Officer
Signature: /s/ Garrett S. Sill
Stock symbol: SNFCA
Transactions as of: Nov 18, 2024
Transactions value $: $1,244,264
Form type: 4
Date filed: 11/19/2024, 02:47 PM
Previous filing: Aug 20, 2024
Next filing: Dec 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class C Common Stock	Options Exercise	$255K	+21.6K	+36.37%	$11.80	81.1K	Nov 18, 2024	Direct
transaction	SNFCA	Class A Common Stock	Disposed to Issuer	-$74.4K	-6.31K	-7.77%	$11.80	74.8K	Nov 18, 2024	Direct	F1, F2

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	-$74.4K	-21.6K	-100%	$3.44	0	Dec 1, 2017	Class C Common Stock	21.6K	$3.44	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$109K	+27.5K		$3.96	27.5K	Nov 30, 2018	Class C Common Stock	27.5K	$3.96	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$135K	+32.7K	+119.04%	$4.12	60.2K	Dec 6, 2019	Class C Common Stock	32.7K	$4.12	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$93.1K	+31.1K	+51.76%	$2.99	91.3K	Mar 27, 2020	Class C Common Stock	31.1K	$2.99	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$257K	+34.7K	+38.03%	$7.39	126K	Dec 3, 2021	Class C Common Stock	34.7K	$7.39	Direct	F8
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$226K	+38.6K	+30.61%	$5.85	165K	Dec 2, 2022	Class C Common Stock	38.6K	$5.85	Direct	F7
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$319K	+42K	+25.51%	$7.59	207K	Dec 1, 2023	Class C Common Stock	42K	$7.59	Direct	F9

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

Explanation of Responses:

Id	Content
F1	Does not include 37,333 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
F2	Includes 53,183 shares of Class A Common Stock and 21,634 shares of Class C Common Stock.
F3	This option was granted on December 1, 2017 as an option for 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-dilutions 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 1/2% stock dividend paid on July 17, 2020; and 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 November 30, 2018 as an option for 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 a 5% stock dividend 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 8, 2022, July 14, 2023 and July 12, 2024.
F5	This option was granted on December 6, 2019 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 $5.46 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 a 5% stock dividend paid on 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 8,2022, July 14, 2023 and July 12, 2024.
F6	This option was granted on March 27, 2020 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 $3.76 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 2 1/2% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16,2021, July 8, 2022, July 14, 2023 and July 12, 2024.
F7	This option was granted on December 2, 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 provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 14, 2023 and July 12, 2024.
F8	This option was granted on December 3, 2021 as an option for 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 8, 2022, July 14, 2023 and July 12, 2024.
F9	This option was granted on December 1, 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 1, 2024.