Jason G. Overbaugh - 19 Feb 2025 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Role: VP & Nat Mark Dir of Life Ins, Director, 10%+ Owner
Signature: /s/ Jason G. Overbaugh
Issuer symbol: SNFCA
Transactions as of: 19 Feb 2025
Net transactions value: +$1,825,578
Form type: 4
Filing time: 20 Feb 2025, 15:44:49 UTC
Previous filing: 27 Dec 2024
Next filing: 31 Dec 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNFCA	Class C Common Stock	Options Exercise	$605,163	+45,501	+39%	$13.30	161,740	19 Feb 2025	Direct
transaction	SNFCA	Class A Common Stock	Disposed to Issuer	$151,288	-11,375	-7%	$13.30	150,365	19 Feb 2025	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	$99,234	-28,847	-100%	$3.44	0	01 Dec 2017	Class C Common Stock	28,847	$3.44	Direct	F3
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$135,986	-34,340	-100%	$3.96	0	30 Nov 2018	Class C Common Stock	34,340	$3.96	Direct	F4
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$161,694	+39,246		$4.12	39,246	06 Dec 2019	Class C Common Stock	39,246	$4.12	Direct	F5
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$111,757	+37,377	+95%	$2.99	76,623	27 Mar 2020	Class C Common Stock	37,377	$2.99	Direct	F6
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$256,647	+34,729	+45%	$7.39	111,352	03 Dec 2021	Class C Common Stock	34,729	$7.39	Direct	F7
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$225,740	+38,588	+35%	$5.85	149,940	02 Dec 2022	Class C Common Stock	38,588	$5.85	Direct	F8
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$318,780	+42,000	+28%	$7.59	191,940	01 Dec 2023	Class C Common Stock	42,000	$7.59	Direct	F9
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$100,010	+6,950	+3.6%	$14.39	198,890	06 Dec 2024	Class C Common Stock	6,950	$14.39	Direct	F10
transaction	SNFCA	Employee Stock Option (right to buy)	Award	$432,294	+33,050	+17%	$13.08	231,940	06 Dec 2024	Class C Common Stock	33,050	$13.08	Direct	F11

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

Explanation of Responses:

Id	Content
F1	Includes 104,864 shares of Class A Common Stock and 45,501 shares of Class C Common Stock.
F2	Does not include 105,495 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
F3	This option was granted on December 1, 2017 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 $5.05 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 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.
F4	This option was granted on November 30, 2018 as an option to purchase 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 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.
F5	This option was granted on December 6, 2019 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 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 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.
F6	This option was granted on March 27, 2020 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 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 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.
F7	This option was granted on December 3, 2021 as an option to purchase 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.
F8	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 rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on 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.
F10	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.
F11	This option was granted on December 6, 2024 as an option for either 33,050 shares of Class A Common Stock or 33,050 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 33,050 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 6, 2025.