SNFCA insider exercises options, returns 7K shares
SECURITY NATIONAL FINANCIAL CORP director and officer Jason G. Overbaugh reported option activity and a related share disposition in Class C Common Stock.
Rhea-AI Filing Summary
SECURITY NATIONAL FINANCIAL CORP director and officer Jason G. Overbaugh reported option activity and a related share disposition in Class C Common Stock. On May 14, 2026, he exercised employee stock options covering 30,750 shares at an exercise price of $2.84 per share, acquiring 21,596 shares of Class C Common Stock reported in the non-derivative table.
On the same date, he reported a disposition to the issuer of 7,000 Class C shares at $9.54 per share. Following these transactions, he directly holds 103,385 Class C shares. The filing also details earlier option grants from 2019 through 2025, including awards under the 2013 Stock Option Plan and the 2022 Equity Incentive Plan, which have been adjusted over time for stock dividends under their anti-dilution provisions.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,750 shares exercised/converted
Exercise
12 txns
Insider
Overbaugh Jason G.
Role
VP & Nat Mark Dir of Life Ins
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 30,750 | $2.84 | $87K |
| Exercise | Class C Common Stock | 21,596 | $9.54 | $206K |
| Disposition | Class C Common Stock | 7,000 | $9.54 | $67K |
| Grant/Award | Employee Stock Option (right to buy) | 10,657 | $9.38 | $100K |
| Grant/Award | Employee Stock Option (right to buy) | 44,343 | $8.53 | $378K |
| Grant/Award | Employee Stock Option (right to buy) | 7,298 | $13.67 | $100K |
| Grant/Award | Employee Stock Option (right to buy) | 34,703 | $12.43 | $431K |
| Grant/Award | Employee Stock Option (right to buy) | 44,100 | $7.21 | $318K |
| Grant/Award | Employee Stock Option (right to buy) | 40,517 | $5.56 | $225K |
| Grant/Award | Employee Stock Option (right to buy) | 36,465 | $7.02 | $256K |
| Grant/Award | Employee Stock Option (right to buy) | 39,246 | $2.84 | $111K |
| Grant/Award | Employee Stock Option (right to buy) | 41,208 | $3.76 | $155K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 1,356,655 contracts (Direct);
Class C Common Stock — 103,385 shares (Direct)
Footnotes (12)
- F1. Does not include 113,482 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
- F2. Does not include 30,146 shares of Class A Common Stock owned indirectly by the reporting person in the Deferred Compensation Plan.
- F3. Includes 41,013 shares of Class A Common Stock and 62,372 shares of Class C Common Stock.
- F4. This option was granted on December 6, 2019 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 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.
- F5. This option was granted on March 27, 2020 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 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.
- F6. This option was granted on December 3, 2021 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 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 30,000 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.
- F7. This option was granted on December 2, 2022 as an option for either 35,000 shares of Class A Common Stock or 35,000 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 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 July 14, 2023, July 12, 2024 and July 18, 2025.
- F8. This option was granted on December 1, 2023 as an option for either 40,000 shares of Class A Common Stock or 40,000 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 40,000 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.
- F9. 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.
- F10. This option was granted on December 6, 2024 as an option for either 33,050 shares of Class A Common Stock or 33,050 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 33,050 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.
- F11. 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 C Common Stock. These options vest quarterly in equal installments, beginning on March 5, 2026.
- F12. This option was granted on December 5, 2025 as an option for either 44,343 shares of Class A Common Stock or 44,343 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 44,343 Class C Common Stock. These options vest quarterly in equal installments, beginning on March 5, 2026.
Key Figures
Disposition to issuer: 7,000 shares at $9.54
Shares held after transactions: 103,385 shares
Options exercised: 30,750 shares at $2.84
+3 more
6 metrics
Disposition to issuer
7,000 shares at $9.54
Class C Common Stock, May 14, 2026
Shares held after transactions
103,385 shares
Class C Common Stock directly held after May 14, 2026
Options exercised
30,750 shares at $2.84
Employee stock option exercise, underlying Class C shares
Non-derivative shares acquired
21,596 shares
Class C Common Stock from option exercise on May 14, 2026
Remaining options after exercise
49,704 options
Employee Stock Option (right to buy) after May 14, 2026 exercise
Recent option grant size
44,343 options at $8.53
Grant on December 5, 2025, Class C underlying shares
Key Terms
Disposition to issuer, Employee Stock Option (right to buy), anti-dilution rights, Equity Incentive Plan, +1 more
5 terms
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Employee Stock Option (right to buy) financial
"security_title": "Employee Stock Option (right to buy)""
anti-dilution rights financial
"adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan"
Equity Incentive Plan financial
"anti-dilution rights of the 2022 Equity Incentive Plan to reflect a 5% stock dividend"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SNFCA insider Jason G. Overbaugh report in this Form 4?
Jason G. Overbaugh reported exercising employee stock options and a related disposition to the issuer. He exercised options linked to 30,750 Class C shares and returned 7,000 Class C shares to the company, updating his direct holdings and option position.
What option exercise did SNFCA’s Jason Overbaugh report on May 14, 2026?
On May 14, 2026, Overbaugh exercised employee stock options for 30,750 underlying Class C Common shares at an exercise price of $2.84 per share. The related non-derivative entry shows 21,596 Class C shares acquired as a result of this exercise.
What employee stock option terms are disclosed for SNFCA insider Jason Overbaugh?
The filing lists multiple employee stock option grants from 2019 through 2025 on Class A or Class C Common Stock, with exercise prices including $2.84, $3.76, $5.56, $7.21, $7.99, $8.53, $9.38, $12.43, $13.08, and $14.39, plus specified exercise and expiration dates.
How have SNFCA stock dividends affected Overbaugh’s employee stock options?
Footnotes explain that option share counts were adjusted under anti-dilution provisions of the 2013 Stock Option Plan and 2022 Equity Incentive Plan. Adjustments reflect several 5% and 2.5% stock dividends paid between February 2020 and July 2025, increasing option share amounts accordingly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
