Adam Quist - Dec 6, 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role
Vice President/General Counsel, Director, 10%+ Owner
Signature
/s/ Adam Quist
Stock symbol
SNFCA
Transactions as of
Dec 6, 2024
Transactions value $
$3,293,472
Form type
4
Date filed
1/14/2025, 06:58 PM
Previous filing
Oct 31, 2024
SEC
View on sec.gov

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 $68.9K +15.1K $4.55 15.1K Dec 2, 2016 Class A Common Stock 15.1K $4.55 Direct F1
transaction SNFCA Employee Stock Option (right to buy) Award $74.4K +21.6K +142.86% $3.44 36.8K Dec 1, 2017 Class C Common Stock 21.6K $3.44 Direct F2
transaction SNFCA Employee Stock Option (right to buy) Award $109K +27.5K +74.7% $3.96 64.3K Nov 30, 2018 Class C Common Stock 27.5K $3.96 Direct F3
transaction SNFCA Employee Stock Option (right to buy) Award $189K +45.8K +71.26% $4.12 110K Dec 6, 2019 Class C Common Stock 45.8K $4.12 Direct F4
transaction SNFCA Employee Stock Option (right to buy) Award $130K +43.6K +39.63% $2.99 154K Mar 27, 2020 Class C Common Stock 43.6K $2.99 Direct F5
transaction SNFCA Employee Stock Option (right to buy) Award $513K +69.5K +45.21% $7.39 223K Dec 3, 2021 Class C Common Stock 69.5K $7.39 Direct F6
transaction SNFCA Employee Stock Option (right to buy) Award $516K +88.2K +39.53% $5.85 311K Dec 2, 2022 Class C Common Stock 88.2K $5.85 Direct F7
transaction SNFCA Employee Stock Option (right to buy) Award $638K +84K +26.98% $7.59 395K Dec 1, 2023 Class C Common Stock 84K $7.59 Direct F8
transaction SNFCA Employee Stock Option (right to buy) Award $100K +6.95K +1.76% $14.39 402K Dec 6, 2024 Class C Common Stock 6.95K $14.39 Direct F9
transaction SNFCA Employee Stock Option (right to buy) Award $955K +73.1K +18.16% $13.08 475K Dec 6, 2024 Class C Common Stock 73.1K $13.08 Direct F10
* 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 2, 2016 as an option to purchase 10,000 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 8, 2022, July 14, 2023 and July 12, 2024.
F2 This option was granted on December 1, 2017 as an option to purchase 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-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 8, 2022, July 14, 2023 and July 12, 2024.
F3 This option was granted on November 30, 2018 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 $5.52 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 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 8, 2022, July 14, 2023 and July 12, 2024.
F4 This option was granted on December 6, 2019 as an option to purchase either 35,000 shares of Class A Common Stock or 35,000 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 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 February 7, 2020; a 2.5% 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.
F5 This option was granted on March 27, 2020 as an option to purchase either 35,000 shares of Class A Common Stock or 35,000 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 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 2.5% 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.
F6 This option was granted on December 3, 2021 as an option to purchase 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 8, 2022, July 14, 2023 and July 12, 2024.
F7 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.
F8 This 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.
F9 This option was granted on December 6, 2024 as an option for either 6,950 shares of Class A Common Stock or 6,950 shares of Class C Common Stock at an exercise price of $14.39 per share. This option reflects the reporting person's election to have an option for 6,950 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 6, 2025.
F10 This option was granted on December 6, 2024 as an option for either 73,050 shares of Class A Common Stock or 73,050 shares of Class C Common Stock at an exercise price of $13.08 per share. This option reflects the reporting person's election to have an option for 73,050 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 6, 2025.