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SECURITY NATIONAL FINANCIAL CORP·4

Apr 15, 4:56 PM ET

Cook John L 4

4 · SECURITY NATIONAL FINANCIAL CORP · Filed Apr 15, 2026

Research Summary

AI-generated summary of this filing

Updated

SECURITY NATIONAL (SNFCA) Director John Cook Exercises 615 Shares

What Happened
John L. Cook, a director of Security National Financial Corp. (SNFCA), exercised or converted derivatives on April 1, 2026 to acquire 615 shares at $8.53 per share, for a total value of $5,246. The same filing also shows a simultaneous derivative-item disposition (A) for 615 shares at $8.53, which commonly reflects the conversion/settlement of an award or option into common shares. This was an acquisition (not a sale) — a small-dollar insider purchase rather than an exit.

Key Details

  • Transaction date: 2026-04-01 — 615 shares acquired via exercise/conversion (code M) @ $8.53; total $5,246.
  • Same date shows a derivative grant reported as disposed (615 shares @ $8.53), consistent with conversion/settlement.
  • Prior derivative grants listed in the filing (2017–2025) show multiple option awards and restricted stock units from director plans (see footnotes).
  • Notable footnotes: original option grants (2017–2023) were adjusted for multiple stock dividends per the plan anti-dilution provisions; a 2025 restricted stock unit grant (2,461 RSUs) vests quarterly and fully vests 12/31/2026.
  • Shares owned after the transaction: not stated in the provided data (not uncommon; check the full Form 4 for holdings).
  • Filing timeliness: Report filed 2026-04-15 for a 2026-04-01 transaction — this is later than the typical 2-business-day Form 4 deadline (marked late).

Context

  • M = exercise/conversion of derivative (options); A = grant/award. Here, the director exercised options/converted derivatives and received common shares; there is no sale reported, so no immediate cashless-sell evidence.
  • The dollar value is small (~$5.2k) relative to typical insider trades, so this is likely routine director option activity rather than a material signal.
  • Footnotes explain original grant dates and exercise prices were adjusted for stock dividends — that’s why original exercise prices differ from the reported per-share amounts.

Insider Transaction Report

Form 4
Period: 2026-04-01
SECURITY NATIONAL FINANCIAL CORPSNFCA
Cook John L
Director
Transactions
  • Exercise/Conversion

    Class A Common Stock

    2026-04-01$8.53/sh+615$5,246→ 24,520 total
  • Award

    Director Stock Option (right to buy)

    [F1]
    2017-12-01$3.27/sh+1,514$4,951→ 1,514 total
    Exercise: $3.27From: 2018-03-01Exp: 2027-12-01→ Class A Common Stock (1,514 underlying)
  • Award

    Director Stock Option (right to buy)

    [F2]
    2018-11-30$3.76/sh+8,657$32,550→ 10,171 total
    Exercise: $3.76From: 2019-02-28Exp: 2028-11-30→ Class A Common Stock (8,657 underlying)
  • Award

    Director Stock Option (right to buy)

    [F3]
    2019-12-06$3.91/sh+8,242$32,226→ 18,413 total
    Exercise: $3.91From: 2020-03-06Exp: 2030-03-27→ Class A Common Stock (8,242 underlying)
  • Award

    Director Stock Option (right to buy)

    [F4]
    2020-03-27$2.84/sh+7,850$22,294→ 26,263 total
    Exercise: $2.84From: 2020-06-27Exp: 2030-03-27→ Class A Common Stock (7,850 underlying)
  • Award

    Director Stock Option (right to buy)

    [F5]
    2021-12-03$7.02/sh+7,293$51,197→ 33,556 total
    Exercise: $7.02From: 2022-03-03Exp: 2031-12-03→ Class A Common Stock (7,293 underlying)
  • Award

    Director Stock Option (right to buy)

    [F6]
    2022-12-02$5.56/sh+8,104$45,058→ 41,660 total
    Exercise: $5.56From: 2023-03-02Exp: 2032-12-02→ Class A Common Stock (8,104 underlying)
  • Award

    Director Stock Option (right to buy)

    [F7]
    2023-12-01$7.21/sh+8,820$63,592→ 50,480 total
    Exercise: $7.21From: 2024-03-01Exp: 2033-12-01→ Class A Common Stock (8,820 underlying)
  • Award

    Restricted Stock Unit

    [F8]
    2025-12-05$8.53/sh+2,461$20,992→ 52,941 total
    Exercise: $8.53From: 2026-04-01Exp: 2026-12-31→ Class A Common Stock (2,461 underlying)
  • Award

    Restricted Stock Unit

    [F8]
    2026-04-01$8.53/sh−615$5,246→ 52,326 total
    Exercise: $8.53From: 2026-04-01Exp: 2026-12-31→ Class A Common Stock (615 underlying)
Footnotes (8)
  • [F1]This option was granted on December 1, 2017 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends 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.
  • [F2]This option was granted on November 30, 2018 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends 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.
  • [F3]This option was granted on December 6, 2019 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director 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.
  • [F4]This option was granted on March 27, 2020 as an option for 2,500 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $3.76 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director 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 December 3, 2021 as an option for 6,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $8.62 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.
  • [F6]This option was granted on December 2, 2022 as an option for 7,000 shares of Class A Common Stock under 2014 Director Stock Option Plan at an exercise price of $6.48 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 14, 2023, July 12, 2024 and July 18, 2025.
  • [F7]This option was granted on December 1, 2023 as an option for 8,000 shares of Class A Common Stock under the 2022 Equity Incentive Plan at an exercise price of $7.99 per share, but adjusted pursuant to the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 12, 2024 and July 18, 2025.
  • [F8]These restricted stock units were granted on December 5, 2025 for 2,461 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $8.53 per share. The units granted vest quarterly, and will be fully vested on December 31, 2026.
Signature
/s/ John L. Cook|2026-04-15

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT