Security National Financial Corp: director John L Cook exercised 615 shares

What happened

• John L Cook, director, exercised options to acquire 615 shares at $8.53 per share on Oct 1, 2026, for $5,246.
• The filing also lists prior grants of derivative awards and one reported disposal: a 615-share derivative entry reported as disposed on Jul 1, 2026 (615 shares at $8.53, $5,246).

Key details

• Transaction dates and amounts reported in the filing:
  • Oct 1, 2026: exercise/conversion of derivative (M) — 615 shares @ $8.53, $5,246 (acquired).
  • Jul 1, 2026: grant/award (A) — 615 shares @ $8.53, $5,246 (disposed).
  • Dec 5, 2025: grant/award (A) — 1,230 shares @ $8.53, $10,492 (acquired).
  • Dec 1, 2023: grant/award (A) — 9,261 shares @ $6.85, $63,438 (acquired).
  • Dec 2, 2022: grant/award (A) — 8,509 shares @ $5.28, $44,928 (acquired).
  • Dec 3, 2021: grant/award (A) — 7,658 shares @ $6.67, $51,079 (acquired).
  • Mar 27, 2020: grant/award (A) — 8,243 shares @ $2.70, $22,256 (acquired).
  • Dec 6, 2019: grant/award (A) — 8,654 shares @ $3.71, $32,106 (acquired).
  • Nov 30, 2018: grant/award (A) — 9,090 shares @ $3.57, $32,451 (acquired).
  • Dec 1, 2017: grant/award (A) — 1,590 shares @ $3.11, $4,945 (acquired).
• Shares owned after the transaction: not stated in the filing.
• Footnotes that matter:
  • F1: adjusted for the annual 5% stock dividend paid on Jul 14, 2026.
  • F2–F8: describe original option grants (dates, original share counts and exercise prices) that were adjusted under anti-dilution provisions to reflect multiple stock dividends paid between 2018 and 2026.
  • F9: restricted stock units granted Dec 5, 2025 for 2,461 shares under the 2022 equity incentive plan; units vest quarterly and will be fully vested on Dec 31, 2026.
• Filing date vs transaction date: filing date Oct 9, 2026 for a transaction dated Oct 1, 2026; the filing does not state timeliness.

Why it may matter

• The filing shows an exercise of derivative securities (options) to acquire 615 shares; the filing does not show a simultaneous sale or cashless exercise.
• The reported entries include multiple past option grants that were adjusted for stock dividends and an RSU grant that vests Dec 31, 2026.
• This filing does not show why the insider traded or why the company acted.