Jeffrey R. Stephens - 05 Feb 2025 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: Gen. Counsel & Corp. Sec
Signature: /s/ Jeffrey R. Stephens
Issuer symbol: SNFCA
Transactions as of: 05 Feb 2025
Net transactions value: +$2,913
Form type: 4
Filing time: 06 Feb 2025, 12:26:39 UTC
Previous filing: 26 Dec 2024
Next filing: 02 Apr 2025
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	Options Exercise	$161,176	+12,681	+45%	$12.71	40,833	05 Feb 2025	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	SNFCA	Employee Stock Option (right to buy)	Award	$55,425	-7,500	-100%	$7.39	0	03 Dec 2021	Class A Common Stock	7,500	$7.39	Direct	F2
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$58,500	-10,000	-100%	$5.85	0	02 Dec 2022	Class A Common Stock	10,000	$5.85	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$75,900	-10,000	-100%	$7.59	0	01 Dec 2023	Class A Common Stock	10,000	$7.59	Direct	F4
transaction	SNFCA	Restricted Stock Unit	Award	$31,562	+2,413		$13.08	2,413	06 Dec 2024	Class A Common Stock	2,413	$13.08	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Does not include 120,131 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 3, 2021 as an option for 7,500 shares of Class A Common Stock at an exercise price of $8.62 per share, but adjusted pursuant to the anti-dilution provision of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 8, 2022, July 14, 2023 and July 12, 2024.
F3	This option was granted on December 2, 2022 as an option for 10,000 shares of Class A Common Stock at an exercise price of $6.48 per share, 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.
F4	This option was granted on December 1, 2023 as an option for 10,000 shares of Class A Common Stock at an exercise price of $7.99 per share, but adjusted pursuant to the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 12, 2024.
F5	These restricted stock units were granted on December 6, 2024 for 2,413 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $13.08 per share. The units granted vest quarterly, and will be fully vested on December 31, 2025.