Form 4: Director Sells SNFCA Shares After RSU Vesting

Security National Financial Corp director Gilbert A. Fuller sold 627 Class A Common Stock shares at $8.68 after exercising restricted stock units.

Summary

• Gilbert A. Fuller, a Director of Security National Financial Corp (SNFCA), acquired 627 shares of Class A Common Stock on January 2, 2026, through the exercise of Restricted Stock Units (RSUs) at a deemed price of $13.08 per share.
• On the same date, Mr. Fuller disposed of 627 shares of Class A Common Stock at a price of $8.68 per share.
• Following these transactions, Mr. Fuller's direct beneficial ownership of Class A Common Stock is 41,973 shares.
• Mr. Fuller also holds 2,461 Restricted Stock Units granted on December 5, 2025, at a price of $8.53 per share, which vest quarterly and will be fully vested by December 31, 2026.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a director selling shares at a price significantly below the grant price of the exercised restricted stock units, which could be interpreted as a lack of confidence or a need for liquidity at a disadvantageous price.

Positives

• The exercise of Restricted Stock Units indicates the vesting of previously granted equity compensation, aligning director interests with shareholder value over time.

Negatives

• A director sold 627 shares of Class A Common Stock at $8.68 per share, which is significantly lower than the $13.08 per share grant price of the Restricted Stock Units that were exercised on the same day, suggesting a sale into weakness or a realization of a loss on those specific shares.

Future Outlook

NA

Industry Context

This filing details routine insider transactions related to equity compensation. Such transactions are common across industries as executives and directors manage their equity holdings, often for liquidity or tax purposes. The specific pricing of the sale relative to the RSU grant price may warrant closer examination by investors.

Related Party Transactions

• The transactions involve a director of Security National Financial Corp acquiring and disposing of company stock, which are considered related party transactions due to the insider status.

Stakeholder Impact

• Shareholders may view the director's sale at a lower price than the RSU grant price as a potentially negative signal regarding the company's short-term stock performance or the director's confidence.
• Employees holding similar equity compensation may note the pricing of the director's sale.

Next Steps

• Future vesting of 2,461 Restricted Stock Units granted on December 5, 2025, which will fully vest by December 31, 2026.

Key Dates

Recommendation

While the director's sale at a price below the RSU grant price is a negative signal, it's a relatively small transaction in the context of the director's overall holdings and could be for personal liquidity or tax planning. Without further context on the company's fundamentals or broader market conditions, a 'hold' recommendation is appropriate, advising investors to monitor future insider activity and company performance.

Keywords

Security National Financial Corp, SNFCA, Gilbert A. Fuller, Director, Insider Trading, Form 4, Restricted Stock Units, RSU, Equity Compensation, Share Sale, Stock Transaction