QUIST SCOTT M 4
4 · SECURITY NATIONAL FINANCIAL CORP · Filed Dec 26, 2024
Insider Transaction Report
Form 4
QUIST SCOTT M
DirectorPresident, Chief Operating Of10% Owner
Transactions
- Exercise/Conversion
Class C Common Stock
2024-11-26$3.14/sh+62,295$195,606→ 116,377 total - Disposition to Issuer
Employee Stock Option (right to buy)
2020-03-27$3.14/sh−62,295$195,606→ 0 totalExercise: $3.14From: 2020-06-27Exp: 2025-03-27→ Class C Common Stock (62,295 underlying) - Other
Class C Common Stock
2024-11-26$13.06/sh−36,614$478,179→ 145,173 total - Exercise/Conversion
Class C Common Stock
2024-11-26$4.32/sh+65,410$282,571→ 181,787 total - Disposition to Issuer
Employee Stock Option (right to buy)
2019-12-06$4.32/sh−65,410$282,571→ 0 totalExercise: $4.32From: 2020-03-06Exp: 2024-12-06→ Class C Common Stock (65,410 underlying) - Award
Employee Stock Option (right to buy)
2023-12-01$7.97/sh+68,250$543,953→ 197,794 totalExercise: $7.97From: 2024-03-01Exp: 2029-12-01→ Class C Common Stock (68,250 underlying) - Award
Employee Stock Option (right to buy)
2021-12-03$8.13/sh+57,881$470,573→ 57,881 totalExercise: $8.13From: 2022-03-03Exp: 2026-12-03→ Class C Common Stock (57,881 underlying) - Award
Employee Stock Option (right to buy)
2022-12-02$6.14/sh+71,663$440,011→ 129,544 totalExercise: $6.14From: 2023-03-02Exp: 2028-12-02→ Class C Common Stock (71,663 underlying)
Footnotes (8)
- [F1]The reporting person borrowed 36,614 shares of Class C Common Stock from the George and Shirley Quist Partnership, LTD and subsequently repaid those shares back to the Partnership at the time of the stock issuance.
- [F2]Does not include 343,791 shares of Class A Common Stock and 93,432 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
- [F3]Includes 54,082 shares of Class A Common Stock and 91,091 shares of Class C Common Stock.
- [F4]This option was granted on December 6, 2019 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $6.01 per share. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends 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 and July 12, 2024.
- [F5]This option was granted on March 27, 2020 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $4.16 per share. This option reflects the reporting person's election to have an option for 50,000 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 and July 12, 2024.
- [F6]This option was granted on December 3, 2021 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $9.48 per share. This option reflects the reporting person's election to have an option for 50,000 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 and July 12, 2024.
- [F7]This option was granted on December 2, 2022 as an option for either 65,000 shares of Class A Common Stock or 65,000 shares of Class C Common Stock at an exercise price of $6.80 per share. This option reflects the reporting person's election to have an option for 65,000 shares of 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 14, 2023 and July 12, 2024.
- [F8]This option was granted on December 1, 2023 as an option for either 65,000 shares of Class A Common Stock or 65,000 shares of Class C Common Stock at an exercise price of $8.39 per share. This option reflects the reporting person's election to have an option for 65,000 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. The options vest in four equal quarterly installments, beginning on March 1, 2024.