MOODY H. CRAIG 4

What Happened

• Moody H. Craig, a director of Security National Financial Corp (SNFCA), exercised stock options on April 20, 2026, acquiring 4,471 shares at $4.32 ($19,315) and 862 shares at $4.52 ($3,896), for a total of 5,333 shares purchased for ~$23,211. These are reported as derivative exercises (code M) — i.e., he exercised options to obtain the shares. No immediate sale of these shares was reported in this filing.

Key Details

• Transaction dates and prices: 4,471 shares @ $4.32 and 862 shares @ $4.52, both on 2026-04-20.
• Total acquired: 5,333 shares for ~$23,211.
• Shares owned following transaction: not specified in the provided filing details.
• Relevant footnotes: F1 and F2 indicate these options were originally granted on Dec 2 and Dec 7, 2016 (adjusted for subsequent stock dividends). F10 notes a separate grant of 2,461 restricted stock units on Dec 5, 2025 that vest quarterly and fully by Dec 31, 2026.
• Filing timeliness: Form filed Apr 21, 2026 for an Apr 20, 2026 transaction (no late filing indicated).

Context

• Exercising options is an acquisition of shares but is often a routine consequence of option vesting or long-term compensation—by itself it is not a direct market buy indicating new bullish conviction. Because no sale was reported concurrent with the exercise, this was not a cashless exercise resulting in an immediate sale. The dollar amount (~$23k) is modest for a director-level transaction.