Overbaugh Jason G. 4

What Happened
Jason G. Overbaugh, a reported 10% owner of Security National Financial Corp (SNFCA), exercised stock option(s) on May 14, 2026 to acquire 21,596 shares at $9.54 per share (cost = $206,026). On the same date he also disposed of a total of 37,750 shares: 7,000 shares at $9.54 (proceeds = $66,780) and 30,750 shares at $2.84 (proceeds = $87,330), for combined proceeds of $154,110. The filing shows multiple earlier option grants (2019–2025) that underlie these exercises; several grants/options remain referenced in the footnotes.

Key Details

• Transaction date(s): May 14, 2026 (primary exercise/conversion and dispositions).
• Prices and amounts on 2026-05-14: acquired 21,596 shares @ $9.54 = $206,026; disposed 7,000 @ $9.54 = $66,780; disposed 30,750 @ $2.84 = $87,330. Total disposals ≈ $154,110.
• Prior related derivative grants: multiple option awards from 2019, 2020, 2021, 2022, 2023, 2024 and 2025 (see footnotes F4–F12 for grant dates, election between Class A/C stock, exercise prices and anti‑dilution adjustments).
• Reported holdings (from footnotes): filing references 41,013 Class A and 62,372 Class C shares (total 103,385) plus indirect holdings of 113,482 shares in a 401(k) (F1) and 30,146 shares in a Deferred Compensation Plan (F2).
• Notable footnotes: several options were granted with election rights between Class A and Class C and adjusted for stock dividends; recent grants (Dec 5, 2025) vest quarterly beginning Mar 5, 2026 (F11, F12).
• Filing timing: transaction date was May 14, 2026; Form 4 filed June 1, 2026 — filed more than the typical 2 business days after the transaction (i.e., late filing).

Context

• These were option exercises (derivative conversions) with simultaneous dispositions. When insiders exercise and sell shares the sale can be to cover exercise costs or tax withholding; the filing shows exercised/acquired shares and disposed shares on the same date (suggesting partial sell-off or net settlement).
• As a 10% owner, Overbaugh’s trades are reported under beneficial-ownership rules and are informational; filings record the movements but do not by themselves indicate motivation or future company performance.
• Retail investors: purchases (acquisitions) are often seen as more informative than routine disposals; here the filing shows both an acquisition via option exercise and substantial contemporaneous dispositions.