Scott M. Quist - 06 Dec 2024 Form 4 Insider Report for SECURITY NATIONAL FINANCIAL CORP (SNFCA)

Reporting relationship: Chairman of the Board/Pres/CEO, Director, 10%+ Owner
Issuer ticker: SNFCA
Reported as of: 06 Dec 2024
Net transaction value: +$1,980,732
SEC form: 4
Accepted by SEC: 04 Feb 2025, 18:09:04 UTC
Prior SEC filing: 26 Dec 2024
Source filing: View source filing
Reporting owner signature: /s/ Scott M. Quist

Key filing fact

Scott M. Quist filed Form 4 for SECURITY NATIONAL FINANCIAL CORP (SNFCA) on 04 Feb 2025.

Key facts

This page summarizes Scott M. Quist's Form 4 filing for SECURITY NATIONAL FINANCIAL CORP (SNFCA).
6 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 04 Feb 2025, 18:09.

Change

Previous filing in this sequence was filed on 26 Dec 2024.
Current net transaction value: +$1,980,732.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SNFCA transaction

Class C Common Stock

Disposed to Issuer

Transaction value: $333,108
Shares: -25,506
Change %: -18%
Price: $13.06
Shares after: 119,667
Date: 06 Dec 2024
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SNFCA transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $470,573
Shares: +57,881
Change %
Price: $8.13
Shares after: 57,881
Date: 03 Dec 2021
Ownership: Direct
Underlying class: Class C Common Stock
Underlying amount: 57,881
Exercise price: $8.13
Footnotes: F3

SNFCA transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $440,011
Shares: +71,663
Change %: +124%
Price: $6.14
Shares after: 129,544
Date: 02 Dec 2022
Ownership: Direct
Underlying class: Class C Common Stock
Underlying amount: 71,663
Exercise price: $6.14
Footnotes: F4

SNFCA transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $543,952
Shares: +68,250
Change %: +53%
Price: $7.97
Shares after: 197,794
Date: 01 Dec 2023
Ownership: Direct
Underlying class: Class C Common Stock
Underlying amount: 68,250
Exercise price: $7.97
Footnotes: F5

SNFCA transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $100,010
Shares: +6,950
Change %: +3.5%
Price: $14.39
Shares after: 204,744
Date: 06 Dec 2024
Ownership: Direct
Underlying class: Class C Common Stock
Underlying amount: 6,950
Exercise price: $14.39
Footnotes: F6

SNFCA transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $759,294
Shares: +58,050
Change %: +28%
Price: $13.08
Shares after: 262,794
Date: 06 Dec 2024
Ownership: Direct
Underlying class: Class C Common Stock
Underlying amount: 58,050
Exercise price: $13.08
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Does not include 343,791 shares of Class A Common Stock and 93,432 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.

Footnote F2

Includes 54,082 shares of Class A Common Stock and 65,585 shares of Class C Common Stock.

Footnote F3

This option was granted on December 3, 2021 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $9.48 per share. This option reflects the reporting person's election to have an option for 50,000 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.

Footnote F4

This option was granted on December 2, 2022 as an option for either 65,000 shares of Class A Common Stock or 65,000 shares of Class C Common Stock at an exercise price of $6.80 per share. This option reflects the reporting person's election to have an option for 65,000 shares of 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 14, 2023 and July 12, 2024.

Footnote F5

This option was granted on December 1, 2023 as an option for either 65,000 shares of Class A Common Stock or 65,000 shares of Class C Common Stock at an exercise price of $8.39 per share. This option reflects the reporting person's election to have an option for 65,000 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.

Footnote F6

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.

Footnote F7

This option was granted on December 6, 2024 as an option for either 58,050 shares of Class A Common Stock or 58,050 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 58,050 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 6, 2025.