S. Andrew Quist - 22 Nov 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: 22 Nov 2024
Net transactions value: +$2,002,226
Form type: 4
Filing time: 26 Nov 2024, 16:09:54 UTC
Previous filing: 19 Nov 2024
Next filing: 26 Dec 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	Gift	$102,400	-8,000	-10%	$12.80	70,564	22 Nov 2024	Direct
transaction	SNFCA	Class C Common Stock	Options Exercise	$215,591	+52,328	+74%	$4.12	122,892	25 Nov 2024	Direct
transaction	SNFCA	Class A Common Stock	Disposed to Issuer	$215,590	-16,635	-14%	$12.96	106,257	25 Nov 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	$131,346	+31,803		$4.13	31,803	04 Dec 2015	Class A Common Stock	31,803	$4.13	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$137,815	+30,289	+95%	$4.55	62,092	02 Dec 2016	Class A Common Stock	30,289	$4.55	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$99,234	+28,847	+46%	$3.44	90,939	01 Dec 2017	Class C Common Stock	28,847	$3.44	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$135,986	+34,340	+38%	$3.96	125,279	30 Nov 2018	Class C Common Stock	34,340	$3.96	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$215,591	-52,328	-29%	$4.12	125,279	06 Dec 2019	Class C Common Stock	52,328	$4.12	Direct	F7
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$149,010	+49,836	+40%	$2.99	175,115	27 Mar 2020	Class C Common Stock	49,836	$2.99	Direct	F8
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$513,295	+69,458	+40%	$7.39	244,573	03 Dec 2021	Class C Common Stock	69,458	$7.39	Direct	F9
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$515,970	+88,200	+36%	$5.85	332,773	02 Dec 2022	Class C Common Stock	88,200	$5.85	Direct	F10
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$637,560	+84,000	+25%	$7.59	416,773	01 Dec 2023	Class C Common Stock	84,000	$7.59	Direct	F11

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

Explanation of Responses:

Id	Content
F1	Does not include 102,034 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
F2	Includes 53,929 shares of Class A Common Stock and 52,328 shares of Class C Common Stock.
F3	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, July 14, 2023 and July 12, 2024.
F4	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, July 14, 2023 and July 12, 2024.
F5	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, July 14, 2023 and July 12, 2024.
F6	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, July 14, 2023 and July 12, 2024.
F7	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, July 14, 2023 and July 12, 2024.
F8	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, July 14, 2023 and July 12, 2024.
F9	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, July 14, 2023 and July 12, 2024.
F10	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 and July 12, 2024.
F11	The option was granted on December 1, 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, 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.