Security National Financial Corp: director Gilbert A. Fuller exercised 615 shares

What happened

• Gilbert A. Fuller, a director, exercised derivative securities for 615 shares at $8.53 on Oct 1, 2026, resulting in an acquisition cost reported as $5,246. The same day he disposed of 615 shares to the issuer at $8.80 for $5,412.
• The filing also reports prior derivative-related awards: a grant on Dec 5, 2025 for 1,230 shares at $8.53 (reported as acquired for $10,492) and an entry on Jul 1, 2026 for 615 shares at $8.53 (reported as disposed for $5,246).

Key details

• Transaction dates and prices:
  • Oct 1, 2026: exercised 615 shares at $8.53 (code M), acquisition value $5,246.
  • Oct 1, 2026: disposition to issuer of 615 shares at $8.80 (code D), proceeds $5,412.
  • Dec 5, 2025: grant of 1,230 shares at $8.53 (code A), value $10,492.
  • Jul 1, 2026: grant/award entry for 615 shares at $8.53 (code A, reported as disposed), value $5,246.
• Shares owned after the reported transactions: not stated in the filing.
• Relevant footnote: footnote F1 says the Dec 5, 2025 restricted stock units were granted for 2,461 shares under the 2022 Equity Incentive Plan at $8.53 per share and vest quarterly, fully vesting on Dec 31, 2026.
• The filing does not indicate that the reporting was late.

Why it may matter

• The filing shows an exercise of derivative securities followed the same day by a disposition to the issuer, which the filing records as separate exercise (M) and disposition (D) transactions.
• The Dec 5, 2025 entry represents restricted stock units that vest quarterly and will be fully vested on Dec 31, 2026, per the footnote.
• A filing does not show why the insider traded or why the company acted.