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SECURITY NATIONAL FINANCIAL CORP·4

Jul 7, 10:38 AM ET

Cook John L 4

4 · SECURITY NATIONAL FINANCIAL CORP · Filed Jul 7, 2026

Research Summary

AI-generated summary of this filing

Updated

Security National (SNFCA) Director John L. Cook Exercises 616 Options

What Happened

  • John L. Cook, a director of Security National Financial Corp (SNFCA), exercised/converted 616 derivative shares on July 1, 2026 at an exercise price of $8.53 per share, resulting in acquisition of 616 shares for $5,254.
  • The filing also reports a simultaneous derivative-item disposition of 616 shares at $8.53 (value $5,254) on the same date — typically reported when shares are surrendered or withheld to cover exercise costs or tax obligations.

Key Details

  • Transaction date(s) and prices: July 1, 2026 — 616 shares exercised @ $8.53 (total $5,254); same day 616 derivative shares reported disposed @ $8.53 (total $5,254).
  • Transaction codes: M = exercise/conversion of derivative; A = grant/award (derivative disposition reported as A in this filing).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Footnotes of note: Multiple prior director option grants (2017–2023) were adjusted for repeated stock dividends (F1–F7). Restricted stock units granted Dec 5, 2025 for 2,461 shares vest quarterly and fully vest Dec 31, 2026 (F8).
  • Timeliness: Transaction occurred July 1, 2026; Form 4 was filed July 7, 2026 — the filing appears late relative to the two-business-day reporting requirement.

Context

  • This was an option exercise (derivative conversion). The paired acquisition and immediate disposition of the same 616 shares is commonly how companies report shares withheld or surrendered to cover exercise costs or tax withholding; it does not necessarily mean shares were sold on the open market.
  • The dollar amounts are small ($5.3k), so while it’s an insider purchase of shares via exercise, it’s a routine compensation/option exercise rather than a large directional buy or sale.

Insider Transaction Report

Form 4
Period: 2026-07-01
SECURITY NATIONAL FINANCIAL CORPSNFCA
Cook John L
Director
Transactions
  • Exercise/Conversion

    Class A Common Stock

    2026-07-01$8.53/sh+616$5,254→ 25,136 total
  • Award

    Director Stock Option (right to buy)

    [F1]
    2017-12-01$3.27/sh+1,514$4,951→ 1,514 total
    Exercise: $3.27From: 2018-03-01Exp: 2027-12-01→ Class A Common Stock (1,514 underlying)
  • Award

    Director Stock Option (right to buy)

    [F2]
    2018-11-30$3.76/sh+8,657$32,550→ 10,171 total
    Exercise: $3.76From: 2019-02-28Exp: 2028-11-30→ Class A Common Stock (8,657 underlying)
  • Award

    Director Stock Option (right to buy)

    [F3]
    2019-12-06$3.91/sh+8,242$32,226→ 18,413 total
    Exercise: $3.91From: 2020-03-06Exp: 2030-03-27→ Class A Common Stock (8,242 underlying)
  • Award

    Director Stock Option (right to buy)

    [F4]
    2020-03-27$2.84/sh+7,850$22,294→ 26,263 total
    Exercise: $2.84From: 2020-06-27Exp: 2030-03-27→ Class A Common Stock (7,850 underlying)
  • Award

    Director Stock Option (right to buy)

    [F5]
    2021-12-03$7.02/sh+7,293$51,197→ 33,556 total
    Exercise: $7.02From: 2022-03-03Exp: 2031-12-03→ Class A Common Stock (7,293 underlying)
  • Award

    Director Stock Option (right to buy)

    [F6]
    2022-12-02$5.56/sh+8,104$45,058→ 41,660 total
    Exercise: $5.56From: 2023-03-02Exp: 2032-12-02→ Class A Common Stock (8,104 underlying)
  • Award

    Director Stock Option (right to buy)

    [F7]
    2023-12-01$7.21/sh+8,820$63,592→ 50,480 total
    Exercise: $7.21From: 2024-03-01Exp: 2033-12-01→ Class A Common Stock (8,820 underlying)
  • Award

    Restricted Stock Unit

    [F8]
    2025-12-05$8.53/sh+1,846$15,746→ 52,326 total
    Exercise: $8.53From: 2026-04-01Exp: 2026-12-31→ Class A Common Stock (1,846 underlying)
  • Award

    Restricted Stock Unit

    [F8]
    2026-07-01$8.53/sh−616$5,254→ 51,710 total
    Exercise: $8.53From: 2026-07-01Exp: 2026-12-31→ Class A Common Stock (616 underlying)
Footnotes (8)
  • [F1]This option was granted on December 1, 2017 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.
  • [F2]This option was granted on November 30, 2018 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 1, 2019 and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.
  • [F3]This option was granted on December 6, 2019 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.
  • [F4]This option was granted on March 27, 2020 as an option for 2,500 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $3.76 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2020, a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.
  • [F5]This option was granted on December 3, 2021 as an option for 6,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $8.62 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 8, 2022, July 14, 2023, July 12, 2024 and July 18, 2025.
  • [F6]This option was granted on December 2, 2022 as an option for 7,000 shares of Class A Common Stock under 2014 Director Stock Option Plan at an exercise price of $6.48 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 14, 2023, July 12, 2024 and July 18, 2025.
  • [F7]This option was granted on December 1, 2023 as an option for 8,000 shares of Class A Common Stock under the 2022 Equity Incentive Plan at an exercise price of $7.99 per share, but adjusted pursuant to the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 12, 2024 and July 18, 2025.
  • [F8]These restricted stock units were granted on December 5, 2025 for 2,461 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $8.53 per share. The units granted vest quarterly, and will be fully vested on December 31, 2026.
Signature
/s/ John L. Cook|2026-07-07

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT