FULLER GILBERT A 4

What Happened

• Gilbert A. Fuller, a director of Security National Financial Corp (SNFCA), reported exercising/converting 616 derivative shares (code M) on July 1, 2026 at $8.53 per share (total cost/value $5,254). Those 616 shares were then disposed to the issuer the same day (code D) at $9.79 per share for $6,031.
• The filing also records prior and related derivative awards: on December 5, 2025 Fuller was granted 1,846 derivative shares (part of a 2,461 RSU grant) at $8.53 per share (value $15,746), and the overall grant included 2,461 restricted stock units under the 2022 Equity Incentive Plan.

Key Details

• Transaction dates and prices: 2026-07-01 exercised 616 @ $8.53 (M); 2026-07-01 disposed 616 @ $9.79 to issuer (D); 2025-12-05 grant 1,846 @ $8.53 (A).
• Reported dollar amounts: exercise/acquisition value $5,254; disposition to issuer $6,031; 12/05/2025 award valued at $15,746.
• Footnote: The RSUs granted Dec 5, 2025 total 2,461 shares under the 2022 Equity Incentive Plan; they vest quarterly and will be fully vested on December 31, 2026.
• Shares owned after the transactions: not specified in this filing.
• Timeliness: Filing dated 2026-07-02 for transactions on 2026-07-01 — appears timely (not marked late).

Context

• The paired exercise (M) and same-day disposition to the issuer (D) is consistent with a cashless/net-share settlement or sell-to-cover to satisfy withholding or exercise costs; the filing shows the shares were surrendered to the issuer rather than sold on the open market.
• These are routine insider actions tied to granted RSUs/derivatives rather than an open-market purchase or a discretionary sale; such filings are common when awards vest.