Security National Financial (SNFCA) VP Quist exercises options and holds 19,942 shares

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.

Insights

Equity compensation analyst

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

Net Buyer: 8,934 shares

Net Buy 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: Employee Stock Option (right to buy) — 3,414,451 shares (Direct); Class A Common Stock — 19,942 shares (Direct)

Footnotes (14)

1. F1. Does not include 22,143 shares of Class A Common Stock owned indirectly by the reporting person in the Deferred Compensation Plan.
2. F2. Does not include 28,726 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
3. F3. 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.
4. F4. 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.
5. F5. 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.
6. F6. 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.
7. F7. 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.
8. F8. 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.
9. F9. 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.
10. F10. 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.
11. F11. 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.
12. F12. 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.
13. F13. 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.
14. F14. 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/23/2026 - 11:09 AM Learn about SEC filing dates

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.

How many Security National Financial (SNFCA) shares does Quist hold after the transaction?

After exercising options, Adam George Quist directly holds 19,942 shares of Security National Financial’s Class A Common Stock. The filing also notes additional indirect ownership of Class A shares through a Deferred Compensation Plan and a 401(k) Retirement Savings Plan.

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.

Does Quist have indirect holdings of SNFCA shares through benefit plans?

Yes. Footnotes state that the reported direct holdings do not include 22,143 shares of Class A Common Stock owned indirectly in a Deferred Compensation Plan and 28,726 Class A shares owned indirectly in a 401(k) Retirement Savings Plan associated with Adam George Quist.

Are the SNFCA insider transactions open-market buys or compensation-related?

The reported transactions are compensation-related. They include one option exercise coded “M” for 8,934 Class A shares and several “A” coded employee stock option grants on Class A and Class C Common Stock, rather than open-market purchases or sales.

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^*

Quist Adam George

(Last) (First) (Middle)

1609 WEST PRESERVE COURT

(Street)

BLUFFDALE UTAH 84065

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President/General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/18/2026	04/18/2026	M		8,934	A	$9.86	19,942(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)	$4.32(3)	12/02/2016		A			15,901	03/02/2017	12/02/2026	Class A Common Stock	15,901	$4.32	0.0000	D
Employee Stock Option (right to buy)	$3.27(4)	12/01/2017		A		22,716		03/01/2018	12/01/2027	Class C Common Stock	22,716	$3.27	22,716	D
Employee Stock Option (right to buy)	$3.76(5)	11/30/2018		A		28,846		02/28/2019	11/30/2028	Class C Common Stock	28,846	$3.76	51,562	D
Employee Stock Option (right to buy)	$3.91(6)	12/06/2019		A		48,076		03/06/2020	12/06/2029	Class C Common Stock	48,076	$3.91	99,638	D
Employee Stock Option (right to buy)	$2.84(7)	03/27/2020		A		45,787		06/27/2020	03/27/2030	Class C Common Stock	45,787	$2.84	145,425	D
Employee Stock Option (right to buy)	$7.02(8)	12/03/2021		A		72,931		03/03/2022	12/03/2031	Class C Common Stock	72,931	$7.02	218,356	D
Employee Stock Option (right to buy)	$5.56(9)	12/02/2022		A		92,610		03/02/2023	12/02/2032	Class C Common Stock	92,610	$5.56	310,966	D
Employee Stock Option (right to buy)	$7.21(10)	12/01/2023		A		88,200		03/01/2024	12/01/2033	Class C Common Stock	88,200	$7.21	399,166	D
Employee Stock Option (right to buy)	$13.67(11)	12/06/2024		A		7,298		03/06/2025	12/06/2029	Class C Common Stock	7,298	$13.67	406,464	D
Employee Stock Option (right to buy)	$12.43(12)	12/06/2024		A		76,703		03/06/2025	12/06/2034	Class C Common Stock	76,703	$12.43	483,167	D
Employee Stock Option (right to buy)	$9.38(13)	12/05/2025		A		10,657		03/05/2026	12/05/2030	Class A Common Stock	10,657	$9.38	493,824	D
Employee Stock Option (right to buy)	$8.53(14)	12/05/2025		A		289,343		03/05/2026	12/05/2035	Class C Common Stock	289,343	$8.53	783,167	D

Explanation of Responses:

1. Does not include 22,143 shares of Class A Common Stock owned indirectly by the reporting person in the Deferred Compensation Plan.

2. Does not include 28,726 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

	/s/ Adam Quist	04/23/2026
	** 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)