Shital A. Mehta - Dec 6, 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Director
Signature
/s/ Shital A. Mehta
Stock symbol
SNFCA
Transactions as of
Dec 6, 2024
Transactions value $
$296,269
Form type
4
Date filed
12/9/2024, 06:46 PM
Previous filing
Dec 4, 2023

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 Director Stock Option (right to buy) Award $51.3K +6.95K $7.39 6.95K Dec 3, 2021 Class A Common Stock 6.95K $7.39 Direct F1
transaction SNFCA Director Stock Option (right to buy) Award $45.2K +7.72K +111.11% $5.85 14.7K Dec 2, 2022 Class A Common Stock 7.72K $5.85 Direct F2
transaction SNFCA Director Stock Option (right to buy) Award $63.8K +8.4K +57.28% $7.59 23.1K Dec 1, 2023 Class A Common Stock 8.4K $7.59 Direct F3
transaction SNFCA Director Stock Option (right to buy) Award $136K +10.4K +45.09% $13.08 33.5K Dec 6, 2024 Class A Common Stock 10.4K $13.08 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option was granted on December 3, 2021 as an option for 6,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $8.62 per share but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 8, 2022, July 14, 2023 and July 12, 2024.
F2 This option was granted on December 2, 2022 as an option for 7,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.48 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 14, 2023 and July 12, 2024.
F3 This option was granted on December 1, 2023 as an option for 8,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $7.99 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 12, 2024.
F4 This option was granted on December 6, 2024 as an option for 10,400 shares of Class A Common Stock under the 2022 Equity Incentive Plan at an exercise price of $13.08 per share. The options granted vest quarterly, with 100% vesting on December 6, 2025.