Security National Financial Corp (SNFCA) insider option exercise and stock sale

Rhea-AI Filing Summary

Security National Financial Corp director, 10% owner, and vice president/general counsel Andrew Quist reported exercising 33,393 employee stock options for Class A Common Stock at $3.92 per share on December 3, 2025. He then disposed of 14,892 Class A shares at $8.79 per share, leaving 169,990 Class A shares beneficially owned directly, plus 111,191 Class A shares held indirectly through a 401(k) retirement savings plan. Quist continues to hold multiple employee stock options on Class A and Class C Common Stock with exercise prices ranging from $3.27 to $13.67 and expirations between 2026 and 2034, many of which have been adjusted over time for stock dividends under the company’s stock plans.

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
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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)
12/03/2025

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	12/03/2025	12/03/2025	M		33,393	A	$3.92	184,882	D
Class A Common Stock	12/03/2025		D		14,892	D	$8.79	169,990(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)	$3.92(3)	12/04/2015		A			33,393	03/04/2016	12/04/2025	Class A Common Stock	33,393	$3.92	0.0000	D
Employee Stock Option (right to buy)	$4.32(4)	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(5)	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(6)	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(7)	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(8)	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(9)	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(10)	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(11)	12/06/2024		A		76,703		03/06/2025	12/06/2034	Class C Common Stock	76,703	$12.43	435,891	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 62,719 shares of Class A Common Stock and 107,272 shares of Class C Common Stock.

3. This option was granted on December 4, 2015 as an option for 20,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016, 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 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

	/s/ Andrew Quist	12/09/2025
	** 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.
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FAQ

What insider transaction did Andrew Quist report for Security National Financial Corp (SNFCA)?

Andrew Quist reported an option exercise and a share sale involving Security National Financial Corp Class A Common Stock. On December 3, 2025, he exercised 33,393 employee stock options at $3.92 per share and disposed of 14,892 Class A shares at $8.79 per share.

When did the SNFCA insider option exercise and share sale occur?

Both transactions occurred on December 3, 2025. On that date, Andrew Quist exercised 33,393 options for Class A Common Stock at $3.92 per share and recorded a separate transaction disposing of 14,892 Class A shares at $8.79 per share.

How many Security National Financial Class A shares does Andrew Quist own after the transaction?

After the reported transactions, Andrew Quist beneficially owns 169,990 Class A Common shares directly. In addition, a footnote states that this figure does not include 111,191 Class A shares owned indirectly through a 401(k) Retirement Savings Plan.

What roles does Andrew Quist hold at Security National Financial Corp (SNFCA)?

Andrew Quist is identified as a Director, a 10% Owner, and an Officer of Security National Financial Corp. His officer title is listed as Vice President/General Counsel, reflecting both executive and legal responsibilities at the company.

What stock options does Andrew Quist hold in Security National Financial?

Andrew Quist holds several employee stock options on both Class A and Class C Common Stock. These include, for example, an option for 31,803 Class A shares at an exercise price of $4.32 per share expiring on December 2, 2026, and an option for 92,610 Class C shares at $5.56 per share expiring on December 2, 2032, among other grants.

How have Andrew Quist’s SNFCA stock options been adjusted over time?

Several of Andrew Quist’s options were originally granted for round share amounts and exercise prices but were later adjusted under the 2013 Stock Option Plan and the 2022 Equity Incentive Plan. Footnotes describe anti-dilution adjustments reflecting multiple 5% stock dividends and a 2.5% stock dividend paid between 2016 and 2025, which increased the number of option shares and modified exercise prices accordingly.