Security National (NASDAQ: SNFCA) counsel gains stock through restricted unit awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SECURITY NATIONAL FINANCIAL CORP general counsel and corporate secretary Jeffrey Russell Stephens reported equity compensation activity and a related share issuance. On December 5, 2025, he was granted 3,549 restricted stock units for Class A Common Stock at $8.53 per share, vesting quarterly until fully vested on December 31, 2026. On April 1, 2026, he received an additional grant of 887 restricted stock units and exercised derivative rights to acquire 887 shares of Class A Common Stock. Following the April transaction, he directly holds 36,235 shares of Class A Common Stock, and the filing notes a further 127,080 shares held indirectly through a 401(k) Retirement Savings Plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Stephens Jeffrey Russell

Role Gen. Counsel & Corp. Sec

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	887	$8.53	$8K
Exercise	Class A Common Stock	887	$8.53	$8K
Grant/Award	Restricted Stock Unit	3,549	$8.53	$30K

Holdings After Transaction: Restricted Stock Unit — 2,662 shares (Direct); Class A Common Stock — 36,235 shares (Direct)

Footnotes (1)

Does not include 127,080 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan. These restricted stock units were granted on December 5, 2025 for 3,549 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.

Key Figures

RSU grant 2025: 3,549 units at $8.53 RSU grant 2026: 887 units at $8.53 Shares acquired: 887 shares +3 more

6 metrics

RSU grant 2025 3,549 units at $8.53 Restricted stock units granted Dec. 5, 2025; Class A Common Stock

RSU grant 2026 887 units at $8.53 Restricted stock units granted Apr. 1, 2026; Class A Common Stock

Shares acquired 887 shares Class A Common Stock acquired via derivative exercise on Apr. 1, 2026

Direct holdings after 36,235 shares Class A Common Stock directly owned following Apr. 1, 2026 transaction

Indirect 401(k) holdings 127,080 shares Class A Common Stock owned indirectly in 401(k) Retirement Savings Plan

RSU vesting end date December 31, 2026 3,549-unit RSU grant vests quarterly until this date

Key Terms

Restricted Stock Unit, Class A Common Stock, 2022 Equity Incentive Plan, 401(k) Retirement Savings Plan

4 terms

Restricted Stock Unit financial

"These restricted stock units were granted on December 5, 2025 for 3,549 shares"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Class A Common Stock financial

"for 3,549 shares of Class A Common Stock under the 2022 Equity Incentive Plan"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

2022 Equity Incentive Plan financial

"under the 2022 Equity Incentive Plan at a price of $8.53 per share"

401(k) Retirement Savings Plan financial

"shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 02:52 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stephens Jeffrey Russell

(Last)

(First)

(Middle)

38 NORTHRIDGE WAY

(Street)

SANDY

UTAH

84092

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SECURITY NATIONAL FINANCIAL CORP [ SNFCA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Gen. Counsel & Corp. Sec

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/01/2026	04/01/2026	M		887	A	$8.53	36,235⁽¹⁾	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	$8.53⁽²⁾	12/05/2025		A		3,549		04/01/2026	12/31/2026	Class A Common Stock	3,549	$8.53	3,549	D
Restricted Stock Unit	$8.53⁽²⁾	04/01/2026		A			887	04/01/2026	12/31/2026	Class A Common Stock	887	$8.53	2,662	D

Explanation of Responses:

1. Does not include 127,080 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan.

2. These restricted stock units were granted on December 5, 2025 for 3,549 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.

	/s/ Jeffrey R. Stephens	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SNFCA’s general counsel report on this Form 4?

Jeffrey Russell Stephens reported grants and an exercise of equity awards. He received restricted stock units and exercised derivative rights to acquire 887 shares of Class A Common Stock, reflecting compensation-related equity activity rather than open-market buying or selling.

How many restricted stock units did SNFCA’s Jeffrey Stephens receive and when?

He was granted 3,549 restricted stock units on December 5, 2025, and 887 additional units on April 1, 2026. Both awards relate to Class A Common Stock and were priced at $8.53 per share under the company’s 2022 Equity Incentive Plan.

What are the vesting terms for the 3,549 SNFCA restricted stock units?

The 3,549 restricted stock units granted on December 5, 2025 vest quarterly and will be fully vested on December 31, 2026. This schedule spreads the equity compensation over time, aligning continued service with the delivery of Class A Common Stock shares.

How many SNFCA shares does Jeffrey Stephens hold after the April 1, 2026 transaction?

After acquiring 887 shares of Class A Common Stock on April 1, 2026, he directly holds 36,235 shares. The filing also states that 127,080 additional Class A shares are owned indirectly through a 401(k) Retirement Savings Plan associated with the reporting person.

Were any of Jeffrey Stephens’ SNFCA transactions open-market buys or sells?

No open-market purchases or sales are reported. The filing shows equity compensation events: grants of restricted stock units and an exercise or conversion to acquire Class A Common Stock, without any separate open-market buy or sell codes disclosed in the transactions.

Under which plan were the SNFCA restricted stock units granted to Jeffrey Stephens?

The 3,549 restricted stock units were granted under the company’s 2022 Equity Incentive Plan at a price of $8.53 per share. This plan provides equity-based compensation in the form of restricted stock units tied to Class A Common Stock for eligible participants.