Security National Financial (SNFCA) reports stock gift, options

Rhea-AI Filing Summary

Security National Financial Corp insider updates holdings. A director, 10% owner, and vice president/general counsel reported a gift of 5,000 shares of Class A Common Stock on 12/30/2025 at $9.21 per share, leaving 159,985 Class A shares directly owned. This direct amount includes 52,713 Class A shares and 107,272 Class C shares, and does not count 111,191 Class A shares held indirectly in a 401(k) plan.

The insider also reported a series of employee stock options, culminating in new grants on 12/05/2025 for 10,657 and 289,343 options on Class C Common Stock at exercise prices of $9.38 and $8.53 per share. These 2025 options vest quarterly in equal installments beginning on 03/05/2026 and contribute to a total of 735,891 derivative securities beneficially owned.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Quist S. Andrew

(Last) (First) (Middle)

3936 S HALE DR

(Street)

MILLCREEK UT 84124

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SECURITY NATIONAL FINANCIAL CORP [ snfca ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President/General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
12/31/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	12/30/2025		G		5,000	D	$9.21	159,985(1)(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$4.32(3)	12/02/2016		A		31,803		03/02/2017	12/02/2026	Class A Common Stock	31,803	$4.32	31,803	D
Employee Stock Option (right to buy)	$3.27(4)	12/01/2017		A		30,289		03/01/2018	12/01/2027	Class C Common Stock	30,289	$3.27	62,092	D
Employee Stock Option (right to buy)	$3.76(5)	11/30/2018		A		36,057		02/28/2019	11/30/2028	Class C Common Stock	36,057	$3.76	98,149	D
Employee Stock Option (right to buy)	$7.02(6)	12/03/2021		A		72,931		03/03/2022	12/03/2031	Class C Common Stock	72,931	$7.02	171,080	D
Employee Stock Option (right to buy)	$5.56(7)	12/02/2022		A		92,610		03/02/2023	12/02/2032	Class C Common Stock	92,610	$5.56	263,690	D
Employee Stock Option (right to buy)	$7.21(8)	12/01/2023		A		88,200		03/01/2024	12/01/2033	Class C Common Stock	88,200	$7.21	351,890	D
Employee Stock Option (right to buy)	$13.67(9)	12/06/2024		A		7,298		03/06/2025	12/06/2029	Class C Common Stock	7,298	$13.67	359,188	D
Employee Stock Option (right to buy)	$12.43(10)	12/06/2024		A		76,703		03/06/2025	12/06/2034	Class C Common Stock	76,703	$12.43	435,891	D
Employee Stock Option (right to buy)	$9.38(11)	12/05/2025		A		10,657		03/05/2026	12/05/2030	Class C Common Stock	10,657	$9.38	446,548	D
Employee Stock Option (right to buy)	$8.53(12)	12/05/2025		A		289,343		03/05/2026	12/05/2035	Class C Common Stock	289,343	$8.53	735,891	D

Explanation of Responses:

1. Does not include 111,191 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.

2. Includes 52,713 Class A Common Stock and 107,272 shares of Class C Common Stock.

3. This option was granted on December 2, 2016 as an option for 20,000 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 5% stock dividends 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; and a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.

4. This option was granted on December 1, 2017 as an option for either 20,000 shares of Class A Common Stock or 20,000 shares or 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 5% stock dividends paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.

5. This option was granted on November 30, 2018 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 $5.52 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 provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2019 and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; and a 5% stock dividend paid on July 16, 2021, July 08, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.

6. This option was granted on December 3, 2021 as an option for 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 08, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.

7. 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, July 12, 2024 and July 18, 2025.

8. 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 and July 18, 2025.

9. 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, but adjusted pursuant to the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 18, 2025.

10. 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, but adjusted pursuant to the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 18, 2025.

11. This option was granted on December 5, 2025 as an option for either 10,657 shares of Class A Common Stock or 10,657 shares of Class C Common Stock at an exercise price of $9.38 per share. This option reflects the reporting person's election to have an option for 10,657 Class C Common Stock. These options vest quarterly in equal installments, beginning on March 5, 2026.

12. This option was granted on December 5, 2025 as an option for either 289,343 shares of Class A Common Stock or 289,343 shares of Class C Common Stock at an exercise price of $8.53 per share. This option reflects the reporting person's election to have an option for 289,343 Class C Common Stock. These options vest quarterly in equal installments, beginning on March 5, 2026.

	/s/ Andrew Quist	01/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider activity did SNFCA report in this Form 4/A?

The filing shows a director and officer of Security National Financial Corp (SNFCA) reported a gift of 5,000 Class A Common shares and updated previously granted employee stock options, including new option awards dated 12/05/2025.

How many Security National Class A shares does the insider now own directly?

After the 5,000-share gift on 12/30/2025, the insider directly beneficially owns 159,985 shares, which include 52,713 shares of Class A Common Stock and 107,272 shares of Class C Common Stock.

Were any additional Security National Financial options granted on 12/05/2025?

Yes. On 12/05/2025, the insider received options for 10,657 and 289,343 shares of Class C Common Stock with exercise prices of $9.38 and $8.53 per share, respectively.

When do the newly granted SNFCA options begin vesting?

The options granted on 12/05/2025 vest quarterly in equal installments, beginning on 03/05/2026, according to the filing’s footnotes.

What is the total number of derivative securities the insider holds after these transactions?

Following the reported option grants and adjustments, the insider beneficially owns 735,891 derivative securities in the form of employee stock options on Class C Common Stock.

Does the insider have any indirectly held Security National shares?

Yes. The filing notes that the reported total does not include 111,191 shares of Class A Common Stock owned indirectly in a 401(k) Retirement Savings Plan.

What roles does the reporting person hold at Security National Financial Corp?

The reporting person is listed as a director, a 10% owner, and an officer with the title Vice President/General Counsel of Security National Financial Corp.