Security National Financial (SNFCA) VP Quist exercises options and holds 19,942 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Security National Financial Corp director and Vice President/General Counsel Adam George Quist exercised stock options to acquire 8,934 shares of Class A Common Stock at $9.86 per share on April 18, 2026. Following this transaction, he directly holds 19,942 Class A shares.
The filing also lists a series of employee stock option grants on Class A and Class C Common Stock awarded between 2016 and 2025, with exercise prices ranging from $2.84 to $14.39 per share and expirations between 2026 and 2035. Footnotes note additional indirect holdings of 22,143 Class A shares in a Deferred Compensation Plan and 28,726 Class A shares in a 401(k) Retirement Savings Plan.
Positive
- None.
Negative
- None.
Insights
Routine option exercise and long-dated grants for SNFCA insider.
Adam George Quist, a director and Vice President/General Counsel of Security National Financial Corp, exercised options to acquire 8,934 Class A shares at $9.86 on April 18, 2026, increasing his direct Class A holdings to 19,942 shares.
The filing also details multiple employee stock option grants on Class A and Class C Common Stock from 2016 through 2025, with exercise prices between $2.84 and $14.39 and expirations extending to 2035. These are compensation-related awards rather than open-market purchases or sales.
Footnotes state that Quist also owns 22,143 Class A shares indirectly through a Deferred Compensation Plan and 28,726 Class A shares indirectly through a 401(k) Retirement Savings Plan. Overall, the activity appears to be standard equity compensation and option exercise, with no open-market buying or selling disclosed.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Quist Adam George
Role
Vice President/General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class A Common Stock | 8,934 | $9.86 | $88K |
| 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) | 45,787 | $2.84 | $130K |
| Grant/Award | Employee Stock Option (right to buy) | 48,076 | $3.91 | $188K |
| Grant/Award | Employee Stock Option (right to buy) | 28,846 | $3.76 | $108K |
| Grant/Award | Employee Stock Option (right to buy) | 22,716 | $3.27 | $74K |
| Grant/Award | Employee Stock Option (right to buy) | 15,901 | $4.32 | $69K |
Holdings After Transaction:
Class A Common Stock — 19,942 shares (Direct, null);
Employee Stock Option (right to buy) — 493,824 shares (Direct, null)
Footnotes (1)
- Does not include 22,143 shares of Class A Common Stock owned indirectly by the reporting person in the Deferred Compensation Plan. Does not include 28,726 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan. This option was granted on December 2, 2016 as an option to purchase 10,000 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 a 5% stock dividend 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; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025. This option was granted on December 1, 2017 as an option to purchase either 15,000 shares of Class A Common Stock or 15,000 shares of 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 15,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025. This option was granted on November 30, 2018 as an option to purchase either 20,000 shares of Class A Common Stock or 20,000 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 20,000 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 February 1, 2019 and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025. This option was granted on December 6, 2019 as an option to purchase either 35,000 shares of Class A Common Stock or 35,000 shares of Class C Common Stock at an exercise price of $5.46 per share. This option reflects the reporting person's election to have an option for 35,000 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 February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025. This option was granted on March 27, 2020 as an option to purchase either 35,000 shares of Class A Common Stock or 35,000 shares of Class C Common Stock at an exercise price of $3.76 per share. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025. This option was granted on December 3, 2021 as an option to purchase 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 8, 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 anti-dilution rights of 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 anti-dilution rights of 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 A 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.
Key Figures
Options exercised: 8,934 shares at $9.86
Direct Class A holdings: 19,942 shares
Large Class C option grant: 289,343 options at $8.53
+5 more
8 metrics
Options exercised
8,934 shares at $9.86
Class A Common Stock, exercised April 18, 2026
Direct Class A holdings
19,942 shares
Shares of Class A Common Stock after exercise
Large Class C option grant
289,343 options at $8.53
Employee stock option, granted December 5, 2025, expires December 5, 2035
Class A option grant
10,657 options at $9.38
Employee stock option, granted December 5, 2025, expires December 5, 2030
Indirect Deferred Compensation holdings
22,143 shares
Class A Common Stock in Deferred Compensation Plan
Indirect 401(k) holdings
28,726 shares
Class A Common Stock in 401(k) Retirement Savings Plan
Option grant 2024
76,703 options at $12.43
Employee stock option on Class C, granted December 6, 2024, expires December 6, 2034
Option grant 2023
88,200 options at $7.21
Employee stock option on Class C, granted December 1, 2023, expires December 1, 2033
Key Terms
Employee Stock Option (right to buy), Class C Common Stock, anti-dilution provisions, Deferred Compensation Plan, +2 more
6 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
Class C Common Stock financial
"underlying_security_title: "Class C Common Stock""
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
anti-dilution provisions financial
"adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan"
Anti-dilution provisions are contract terms that protect an investor’s percentage ownership when a company issues new shares at a lower price than the investor originally paid. They work like an automatic recalculation of split pieces when a pie gets cut into more slices, preserving the investor’s relative stake and reducing unexpected losses of ownership and voting power, which matters because it affects potential control, future returns, and valuation of an investment.
Deferred Compensation Plan financial
"shares of Class A Common Stock owned indirectly ... in the Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
401(k) Retirement Savings Plan financial
"shares of Class A Common Stock owned indirectly ... in the 401(k) Retirement Savings Plan"
stock dividend financial
"to reflect a 5% stock dividend paid on February 3, 2017, February 2, 2018..."
A stock dividend is when a company gives its existing shareholders extra shares instead of cash. It’s like receiving more pieces of the same pie rather than a bigger piece of money, which can increase the number of shares you own but usually doesn’t change the total value of your investment right away. Investors care about it because it can signal the company's growth and affect the stock’s price.
FAQ
What did Adam George Quist do in this SNFCA Form 4 filing?
Adam George Quist exercised employee stock options to acquire 8,934 shares of Security National Financial’s Class A Common Stock at $9.86 per share on April 18, 2026. This transaction increased his directly held Class A share position reported in the filing.
What employee stock options are reported for Quist in the SNFCA Form 4?
The filing lists multiple employee stock option grants on Class A and Class C Common Stock awarded between 2016 and 2025, with exercise prices from $2.84 to $14.39 per share and expiration dates ranging from 2026 to 2035.
What are the largest recent option grants to Quist at Security National Financial (SNFCA)?
Recent grants include 289,343 employee stock options on Class C Common Stock at an exercise price of $8.53 per share and 10,657 options on Class A Common Stock at $9.38 per share, both granted on December 5, 2025, vesting quarterly beginning March 5, 2026.