Cook John L 4

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.