Cook John L 4

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.