MOODY H. CRAIG 4

What Happened
Moody H. Craig, a director of Security National Financial Corp (SNFCA), exercised or converted derivative awards on July 1, 2026, resulting in the acquisition of 616 shares at an exercise price of $8.53 per share (total value reported $5,254). The same Form 4 also reports a related derivative entry for 616 shares at $8.53 shown as disposed (also $5,254) on July 1, 2026. The filing includes multiple prior director option grants dating back to 2017 and restricted stock units granted in December 2025.

Key Details

• Primary transaction date: July 1, 2026 — 616 shares acquired via exercise/conversion at $8.53/share (M code), value $5,254.
• Related same‑day entry: 616 shares shown as disposed (A code) at $8.53/share, value $5,254.
• Earlier derivative grants listed (2017–2025) reflect options/awards adjusted for periodic stock dividends (see footnotes F1–F7).
• Restricted stock units: 2,461 RSUs granted Dec 5, 2025 (F8) at $8.53; vest quarterly and fully vest on Dec 31, 2026.
• Shares owned after transaction: not specified in the information provided on the Form 4.
• Filing date: July 6, 2026 — filed after the July 1 transaction (appears to be late relative to the typical 2-business‑day Form 4 deadline).
• Transaction codes: M = option exercise/conversion; A = grant/award/derivative transaction. (F in Form 4 footnotes here are reference numbers for grant details, not the withholding code.)

Context

• Derivative transactions: the M code indicates an option exercise/conversion into common shares. The filing shows both acquisition and a same‑day derivative disposition of the same 616 shares; the Form 4 does not specify the reason for the disposition (e.g., sale, tax withholding, or surrender).
• For retail investors: direct purchases are generally considered stronger bullish signals than exercises (which often convert existing options into shares). This filing documents an exercise and related derivative activity rather than an open‑market buy.
• No 10b5‑1 plan, late‑filing explanation, or explicit sale purpose is disclosed on the Form 4.