[Form 4] Security National Financial Co Insider Trading Activity

Rhea-AI Filing Summary

Security National Financial Corp. (SNFCA) Form 4 filing: Director Gilbert A. Fuller reported a modest set of transactions tied to his December 6, 2024 restricted-stock-unit (RSU) grant under the 2022 Equity Incentive Plan.

• On 07/01/2025 a quarterly vesting delivered 628 Class A shares upon RSU exercise at an effective price of $13.08 (Code M).
• The same day Fuller disposed of 628 shares at $9.85 (Code D), trimming his direct holdings by roughly 1.6%.
• Post-transaction, the director retains 39,974 Class A shares directly plus 1,254 unvested RSUs that continue to vest through 12/31/2025.

No new equity awards were granted; the filing simply records routine vesting, conversion and partial sale for liquidity or tax purposes. The share quantity involved is immaterial relative to company float and the insider’s remaining stake, suggesting neutral implication for investors.

Insights

Securities Analyst

TL;DR: Routine RSU vesting and small sale; negligible impact on ownership structure or market sentiment.

The 628-share sale represents about 0.006% of SNFCA’s 10.7 million Class A shares outstanding and 1.6% of Fuller’s personal stake. Such de minimis activity is typical of quarterly RSU settlements. Importantly, Fuller still holds nearly 40 k shares, signalling continued alignment with shareholders. Because no open-market purchase or large-scale disposal occurred, I classify the event as neutral with virtually no valuation effect.

Corporate Governance Expert

TL;DR: Standard equity-plan mechanics; insider’s selling does not alter governance risk profile.

The filing discloses compliance with the 2022 Equity Incentive Plan, quarterly vesting schedule, and timely Form 4 submission—positive indicators of governance discipline. The immediate sale, although below exercise price, is common for liquidity and tax withholding. Absence of 10b5-1 plan disclosure suggests discretionary timing, yet the volume is immaterial, mitigating concerns over potential signalling. Overall governance impact is neutral.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

FULLER GILBERT A

(Last) (First) (Middle)

55 WANDERWOOD WAY

(Street)

SANDY UT 84092

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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

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	07/01/2025	07/01/2025	M		628	A	$13.08	40,602	D
Class A Common Stock	07/01/2025	07/01/2025	D		628	D	$9.85	39,974	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
Restricted Stock Unit	$13.08(1)	12/06/2024		A		1,882		04/01/2025	12/31/2025	Class A Common Stock	1,882	$13.08	1,882	D
Restricted Stock Unit	$13.08(1)	07/01/2025		A			628	04/01/2025	12/31/2025	Class A Common Stock	628	$13.08	1,254	D

Explanation of Responses:

1. These restricted stock units were granted on December 6, 2024 for 2,509 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $13.08 per share. The units granted vest quarterly, and will be fully vested on December 31, 2025.

	/s/ Gilbert A. Fuller	07/02/2025
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many SNFCA shares did Director Gilbert A. Fuller sell on 07/01/2025?

He disposed of 628 Class A shares on 07/01/2025 at $9.85 per share.

What is Gilbert A. Fuller's current SNFCA shareholding after the Form 4 transactions?

Following the reported transactions, Fuller directly owns 39,974 Class A shares and 1,254 unvested RSUs.

What was the source of the 628 shares acquired by Fuller?

They resulted from a quarterly vesting and exercise (Code M) of RSUs granted on 12/06/2024 under the 2022 Equity Incentive Plan.

Do the reported transactions materially change insider ownership at SNFCA?

No. The 628-share sale equals about 1.6 % of Fuller's stake and a tiny fraction of total shares outstanding.

When will Gilbert A. Fuller's remaining RSUs fully vest?

All RSUs from the December 2024 grant are scheduled to be fully vested by 12/31/2025.