SECURITY NATIONAL (NASDAQ: SNFCA) counsel reports option exercise and new RSU grants

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SECURITY NATIONAL FINANCIAL CORP General Counsel and Corporate Secretary Jeffrey Russell Stephens reported equity compensation activity in the company’s Class A Common Stock. He exercised a derivative security to acquire 888 shares at $8.53 per share, bringing his directly held common stock to 37,123 shares.

He also received two Restricted Stock Unit awards. One covers 888 RSUs and another, granted on December 5, 2025, covers 3,549 RSUs tied to Class A Common Stock at $8.53 per share under the 2022 Equity Incentive Plan. These units vest quarterly and will be fully vested on December 31, 2026. The report notes an additional 127,840 Class A shares owned indirectly through a 401(k) Retirement Savings Plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Stephens Jeffrey Russell

Role Gen. Counsel & Corp. Sec

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	888	$8.53	$8K
Exercise	Class A Common Stock	888	$8.53	$8K
Grant/Award	Restricted Stock Unit	2,662	$8.53	$23K

Holdings After Transaction: Restricted Stock Unit — 1,774 shares (Direct, null); Class A Common Stock — 37,123 shares (Direct, null)

Footnotes (1)

Does not include 127,840 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan. These restricted stock units were granted on December 5, 2025 for 3,549 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $8.53 per share. The units granted vest quarterly, and will be fully vested on December 31, 2026.

Key Figures

Common shares acquired via exercise: 888 shares at $8.53/share Direct common shares after exercise: 37,123 shares RSU grant size (Dec. 5, 2025): 3,549 RSUs at $8.53/share +3 more

6 metrics

Common shares acquired via exercise 888 shares at $8.53/share Class A Common Stock derivative exercise on July 1, 2026

Direct common shares after exercise 37,123 shares Class A Common Stock held directly after reported transactions

RSU grant size (Dec. 5, 2025) 3,549 RSUs at $8.53/share Restricted Stock Units under 2022 Equity Incentive Plan

Additional RSUs reported 888 RSUs Restricted Stock Unit transaction dated July 1, 2026

Indirect retirement plan holdings 127,840 shares Class A Common Stock in 401(k) Retirement Savings Plan

RSU vesting end date December 31, 2026 3,549 RSUs vest quarterly until fully vested

Key Terms

Restricted Stock Unit, 2022 Equity Incentive Plan, Class A Common Stock, 401(k) Retirement Savings Plan

4 terms

Restricted Stock Unit financial

"These restricted stock units were granted on December 5, 2025 for 3,549 shares of Class A Common Stock..."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

2022 Equity Incentive Plan financial

"These restricted stock units were granted ... under the 2022 Equity Incentive Plan at a price of $8.53 per share."

Class A Common Stock financial

"These restricted stock units were granted ... for 3,549 shares of Class A Common Stock under the 2022 Equity Incentive Plan..."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

401(k) Retirement Savings Plan financial

"Does not include 127,840 shares of Class A Common Stock owned indirectly ... in the 401(k) Retirement Savings Plan."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:42 PM Accepted by SEC EDGAR 07/02/2026 - 04:42 PM

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^*

Stephens Jeffrey Russell

(Last)

(First)

(Middle)

433 ASCENSION WAY

(Street)

SALT LAKE CITY

UTAH

84123

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Gen. Counsel & Corp. Sec

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/01/2026	07/01/2026	M		888	A	$8.53	37,123⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	$8.53⁽²⁾	12/05/2025		A		2,662		04/01/2026	12/31/2026	Class A Common Stock	2,662	$8.53	2,662	D
Restricted Stock Unit	$8.53⁽²⁾	07/01/2026		A			888	07/01/2026	12/31/2026	Class A Common Stock	888	$8.53	1,774	D

Explanation of Responses:

1. Does not include 127,840 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.

2. These restricted stock units were granted on December 5, 2025 for 3,549 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $8.53 per share. The units granted vest quarterly, and will be fully vested on December 31, 2026.

	/s/ Jeffrey R. Stephens	07/02/2026
	** 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).
** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SNFCA’s Jeffrey Russell Stephens report on this Form 4?

He reported equity compensation activity, including exercising a derivative to acquire 888 shares of Class A Common Stock at $8.53 per share and receiving Restricted Stock Unit awards tied to the same stock under a company equity incentive plan.

How many SNFCA Class A shares does Jeffrey Russell Stephens hold directly after these transactions?

After the reported exercise, he directly holds 37,123 shares of Class A Common Stock. This figure reflects his updated direct ownership position and does not include additional shares held indirectly through the company’s 401(k) Retirement Savings Plan.

What Restricted Stock Units were granted to SNFCA’s General Counsel in this filing?

He received Restricted Stock Unit awards including a grant dated December 5, 2025 for 3,549 RSUs of Class A Common Stock at $8.53 per share under the 2022 Equity Incentive Plan, plus an additional 888 RSUs reported in the current transactions.

When do Jeffrey Russell Stephens’ SNFCA Restricted Stock Units fully vest?

The RSUs granted on December 5, 2025 vest quarterly and will be fully vested on December 31, 2026. Quarterly vesting spreads recognition of the award over time, aligning continued service with the release of underlying Class A Common Stock.

Does Jeffrey Russell Stephens have indirect ownership of SNFCA shares through a retirement plan?

Yes. A footnote states that 127,840 shares of Class A Common Stock are owned indirectly in the 401(k) Retirement Savings Plan. These shares are separate from his directly held 37,123 shares reported in the main non-derivative ownership table.

What is the exercise or grant price used for the SNFCA equity awards in this Form 4?

Both the exercised derivative security for 888 common shares and the Restricted Stock Unit grants, including 3,549 RSUs, reference a price of $8.53 per share. This price is used as the conversion or award value for the Class A Common Stock.