FULLER GILBERT A 4

What Happened Gilbert A. Fuller, a director of Security National Financial Corp. (SNFCA), converted/exercised 615 derivative units into 615 shares on April 1, 2026 (exercise/conversion code M) at a per-share price of $8.53 (cost $5,246). The same 615 shares were then disposed to the issuer (code D) at $9.46 per share (value $5,818), consistent with shares being surrendered to the company—commonly done to satisfy tax withholding on vesting or exercise. These transactions relate to a prior restricted stock unit (RSU) grant of 2,461 RSUs awarded on December 5, 2025.

Key Details

• Transaction dates: April 1, 2026 (exercise/conversion and disposition); original RSU grant: Dec 5, 2025.
• Prices and values: Exercised 615 shares @ $8.53 = $5,246; disposed/surrendered 615 shares @ $9.46 = $5,818. RSU grant for 2,461 shares @ $8.53 = $20,992.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The 2,461 restricted stock units were granted under the 2022 Equity Incentive Plan on Dec 5, 2025, vest quarterly and will be fully vested on Dec 31, 2026.
• Filing timeliness: Form 4 was filed Apr 2, 2026 reporting the Apr 1, 2026 transactions; no late-filing flag is indicated.

Context This was an exercise/conversion of derivative awards (RSUs) followed by surrender/disposition of the same shares to the issuer—effectively a cashless tax-withholding action rather than an open-market sale. For retail investors, routine surrender of vested shares to cover taxes is common and does not by itself indicate a change in insider sentiment about the company.