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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 5,000 | $9.21 | $46K |
| Grant/Award | Employee Stock Option (right to buy) | 10,657 | $9.38 | $100K |
| Grant/Award | Employee Stock Option (right to buy) | 289,343 | $8.53 | $2.47M |
| Grant/Award | Employee Stock Option (right to buy) | 7,298 | $13.67 | $100K |
| Grant/Award | Employee Stock Option (right to buy) | 76,703 | $12.43 | $953K |
| Grant/Award | Employee Stock Option (right to buy) | 88,200 | $7.21 | $636K |
| Grant/Award | Employee Stock Option (right to buy) | 92,610 | $5.56 | $515K |
| Grant/Award | Employee Stock Option (right to buy) | 72,931 | $7.02 | $512K |
| Grant/Award | Employee Stock Option (right to buy) | 36,057 | $3.76 | $136K |
| Grant/Award | Employee Stock Option (right to buy) | 30,289 | $3.27 | $99K |
| Grant/Award | Employee Stock Option (right to buy) | 31,803 | $4.32 | $137K |
Footnotes (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. Includes 52,713 Class A Common Stock and 107,272 shares of Class C Common Stock. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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.
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.
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.
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.