26/12/2024 - SNFC - Security National Financial Corporation: Statement of Changes in Beneficial Ownership (Form 4)

Ownership Submission

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * QUIST SCOTT M 2. Issuer Name and Ticker or Trading Symbol SECURITY NATIONAL FINANCIAL CORP [SNFCA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman of the Board/Pres/CEO (Last) (First) (Middle) 7 WANDERWOOD WAY 3. Date of Earliest Transaction (Month/Day/Year) 11/26/2024 (Street) SANDY, UT 84092 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class C Common Stock 11/26/2024 M 62,295 A $3.14 116,377 D Class C Common Stock 11/26/2024 M 65,410 A $4.32 181,787 D Class C Common Stock 11/26/2024 J(1) 36,614 D $13.06 145,173(2)(3) D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.	SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$4.32(4)

12/06/2019

D

65,410

03/06/2020

12/06/2024

Class C Common Stock

65,410

$4.32

0

D

Employee Stock Option (right to buy)

$3.14(5)

03/27/2020

D

62,295

06/27/2020

03/27/2025

Class C Common Stock

62,295

$3.14

0

D

Employee Stock Option (right to buy)

$8.13(6)

12/03/2021

A

57,881

03/03/2022

12/03/2026

Class C Common Stock

57,881

$8.13

57,881

D

Employee Stock Option (right to buy)

$6.14(7)

12/02/2022

A

71,663

03/02/2023

12/02/2028

Class C Common Stock

71,663

$6.14

129,544

D

Employee Stock Option (right to buy)

$7.97(8)

12/01/2023

A

68,250

03/01/2024

12/01/2029

Class C Common Stock

68,250

$7.97

197,794

D

Reporting Owners

Reporting Owner Name / Address	Relationships
Director	10% Owner	Officer	Other
QUIST SCOTT M 7 WANDERWOOD WAY SANDY, UT 84092	X	X	Chairman of the Board/Pres/CEO

Signatures

/s/ Scott M. Quist	12/26/2024
**Signature of Reporting Person	Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reporting person borrowed 36,614 shares of Class C Common Stock from the George and Shirley Quist Partnership, LTD and subsequently repaid those shares back to the Partnership at the time of the stock issuance.
(2)	Does not include 343,791 shares of Class A Common Stock and 93,432 shares of Class C Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.
(3)	Includes 54,082 shares of Class A Common Stock and 91,091 shares of Class C Common Stock.
(4)	This option was granted on December 6, 2019 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $6.01 per share. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 3, 2017, 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 and July 12, 2024.
(5)	This option was granted on March 27, 2020 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $4.16 per share. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect 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 and July 12, 2024.
(6)	This option was granted on December 3, 2021 as an option for either 50,000 shares of Class A Common Stock or 50,000 shares of Class C Common Stock at an exercise price of $9.48 per share. This option reflects the reporting person's election to have an option for 50,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 8, 2022, July 14, 2023 and July 12, 2024.
(7)	This option was granted on December 2, 2022 as an option for either 65,000 shares of Class A Common Stock or 65,000 shares of Class C Common Stock at an exercise price of $6.80 per share. This option reflects the reporting person's election to have an option for 65,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 14, 2023 and July 12, 2024.
(8)	This option was granted on December 1, 2023 as an option for either 65,000 shares of Class A Common Stock or 65,000 shares of Class C Common Stock at an exercise price of $8.39 per share. This option reflects the reporting person's election to have an option for 65,000 Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 12, 2024. The options vest in four equal quarterly installments, beginning on March 1, 2024.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

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SNFC - Security National Financial Corporation published this content on December 26, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 26, 2024 at 19:32:55.584.