SECURITY NATIONAL FINANCIAL CORP — Director's Dealing 2024

Aug 20, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SECURITY NATIONAL FINANCIAL CORP (SNFCA)
CIK: 0000318673
Period of Report: 2024-08-17

Reporting Person: Sill Garrett S. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-08-17	Class A Common Stock	G	3000.0000	$8.5000	Disposed	59490.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-01	Employee Stock Option (right to buy)	$3.4400	A	21634.0000	Acquired	2027-12-01	Class C Common Stock (21634.0000)	Direct
2018-11-30	Employee Stock Option (right to buy)	$3.9600	A	27472.0000	Acquired	2028-11-30	Class C Common Stock (27472.0000)	Direct
2019-12-06	Employee Stock Option (right to buy)	$4.1200	A	32704.0000	Acquired	2029-12-06	Class C Common Stock (32704.0000)	Direct
2020-03-27	Employee Stock Option (right to buy)	$2.9900	A	31147.0000	Acquired	2030-03-27	Class C Common Stock (31147.0000)	Direct
2021-12-03	Employee Stock Option (right to buy)	$7.3900	A	34729.0000	Acquired	2031-12-03	Class C Common Stock (34729.0000)	Direct
2022-12-02	Employee Stock Option (right to buy)	$5.8500	A	38588.0000	Acquired	2032-12-02	Class C Common Stock (38588.0000)	Direct
2023-12-01	Employee Stock Option (right to buy)	$7.5900	A	42000.0000	Acquired	2033-12-01	Class C Common Stock (42000.0000)	Direct

Footnotes

F1: Does not include 37,033 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 1, 2017 as an option for 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-dilutions 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 1/2% stock dividend paid on July 17, 2020; and 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 for 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 provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 1, 2019 and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; and 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 for either 25,000 shares of Class A Common Stock or 25,000 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 25,000 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 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; and 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 for either 25,000 shares of Class A Common Stock or 25,000 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 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 2 1/2% stock dividend paid on July 17, 2020; and 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 for 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.

F7: 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 provisions 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 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. The options vest in four equal quarterly installments, beginning on March 1, 2024.