What was the nature of the 7,000-share transaction in SNFCA stock?

The 7,000-share transaction was a disposition of Class C Common Stock to the issuer at $9.54 per share. It is coded as a “Disposition to issuer” (transaction code D), meaning the shares were returned to SECURITY NATIONAL FINANCIAL CORP rather than sold on the open market.

SECURITY NATIONAL (SNFCA) VP exercises options and disposes 7,000 shares to issuer

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

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.

Insider Trade Summary

30,750 shares exercised/converted

Mixed 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) — 49,704 shares (Direct, null); Class C Common Stock — 110,385 shares (Direct, null)

Footnotes (1)

Does not include 113,482 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan. Does not include 30,146 shares of Class A Common Stock owned indirectly by the reporting person in the Deferred Compensation Plan. Includes 41,013 shares of Class A Common Stock and 62,372 shares of Class C Common Stock. 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. 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. 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. 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. 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. 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 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. 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 11:30 AM

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^*

Overbaugh Jason G.

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Nat Mark Dir of Life Ins

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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 C Common Stock	05/14/2026	05/14/2026	M		21,596	A	$9.54	110,385	D
Class C Common Stock	05/14/2026		D		7,000	D	$9.54	103,385⁽¹⁾⁽²⁾⁽³⁾	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)
Employee Stock Option (right to buy)	$3.76⁽⁴⁾	12/06/2019		A		41,208		03/06/2020	12/06/2029	Class C Common Stock	41,208	$3.76	41,208	D
Employee Stock Option (right to buy)	$2.84⁽⁵⁾	03/27/2020		A		39,246		06/27/2020	03/27/2030	Class C Common Stock	39,246	$2.84	80,454	D
Employee Stock Option (right to buy)	$7.02⁽⁶⁾	12/03/2021		A		36,465		03/03/2022	12/03/2031	Class C Common Stock	36,465	$7.02	86,169	D
Employee Stock Option (right to buy)	$5.56⁽⁷⁾	12/02/2022		A		40,517		03/02/2023	12/02/2032	Class C Common Stock	40,517	$5.56	126,686	D
Employee Stock Option (right to buy)	$7.21⁽⁸⁾	12/01/2023		A		44,100		03/01/2024	12/01/2033	Class C Common Stock	44,100	$7.21	170,786	D
Employee Stock Option (right to buy)	$13.67⁽⁹⁾	12/06/2024		A		7,298		03/06/2025	12/06/2029	Class C Common Stock	7,298	$13.67	178,084	D
Employee Stock Option (right to buy)	$12.43⁽¹⁰⁾	12/06/2024		A		34,703		03/06/2025	12/06/2034	Class C Common Stock	34,703	$12.43	212,787	D
Employee Stock Option (right to buy)	$9.38⁽¹¹⁾	12/05/2025		A		10,657		03/05/2026	12/05/2030	Class C Common Stock	10,657	$9.38	223,444	D
Employee Stock Option (right to buy)	$8.53⁽¹²⁾	12/05/2025		A		44,343		03/05/2026	12/05/2035	Class C Common Stock	44,343	$8.53	267,787	D
Employee Stock Option (right to buy)	$2.84⁽⁵⁾	05/14/2026		M			30,750	06/27/2020	03/27/2030	Class C Common Stock	30,750	$2.84	49,704	D

Explanation of Responses:

1. Does not include 113,482 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.

2. Does not include 30,146 shares of Class A Common Stock owned indirectly by the reporting person in the Deferred Compensation Plan.

3. Includes 41,013 shares of Class A Common Stock and 62,372 shares of Class C Common Stock.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

	/s/ Jason G. Overbaugh	06/01/2026
	** 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 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.

How many SECURITY NATIONAL FINANCIAL (SNFCA) shares does Overbaugh hold after the transactions?

After the reported transactions, Overbaugh directly holds 103,385 shares of Class C Common Stock. This figure reflects the May 14, 2026 option exercise and the 7,000-share disposition to the issuer reported in the non-derivative transaction table.

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.