Form 4: SEC Form 4: Insider Trading Activity
Statement of Changes in Beneficial Ownership
Jason G. Overbaugh reports changes in beneficial ownership of Security National Financial Corp. Class C Common Stock.
Summary
- Jason G. Overbaugh, a Director, 10% Owner, and Officer (VP & Nat Mark Dir of Life Ins) of Security National Financial Corp. (SNFCA), has filed a Form 4 detailing transactions in Class C Common Stock.
- On May 14, 2026, Overbaugh acquired 21,596 shares of Class C Common Stock at $9.54 per share and disposed of 7,000 shares at $9.54 per share.
- Following these transactions, Overbaugh beneficially owns 103,385 shares of Class C Common Stock directly.
- The filing also details various employee stock options granted between December 2019 and December 2025, with exercise prices ranging from $2.84 to $13.67.
- These options are for Class C Common Stock and have varying vesting and expiration dates, with some adjusted for stock dividends.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine insider transactions and stock option details without significant positive or negative financial performance indicators.
Positives
- Acquisition of 21,596 shares of Class C Common Stock at a price of $9.54 per share on May 14, 2026, indicating continued investment or compensation.
- The reporting person holds a significant number of direct shares (103,385) and numerous stock options, suggesting long-term commitment and potential future equity gains.
Negatives
- Disposal of 7,000 shares of Class C Common Stock on May 14, 2026, at $9.54 per share, which could indicate a reduction in direct holdings.
Risks
- The exercise prices of outstanding stock options range significantly, from $2.84 to $13.67, meaning their value is highly dependent on the future stock price of SNFCA.
- Anti-dilution adjustments to stock options due to stock dividends could impact the effective exercise price and number of shares over time.
Future Outlook
The filing primarily details past and current ownership and option grants. Future outlook is implied through the existence and terms of numerous stock options, which are contingent on the company's future stock performance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and trading activities of key company personnel. This filing indicates ongoing equity-based compensation and potential insider buying/selling.
Stakeholder Impact
- Shareholders: The filing provides transparency into insider holdings and transactions, which can influence investor confidence. The disposal of shares might be interpreted negatively, while the acquisition and extensive option holdings could be seen positively.
- Employees: The details on stock options highlight the company's use of equity-based compensation, which can align employee interests with shareholder value.
- Management: The filing directly pertains to the holdings and transactions of a key executive and director.
Next Steps
- Continued monitoring of Jason G. Overbaugh's beneficial ownership and any future transactions.
- Evaluation of the company's stock performance relative to the exercise prices of outstanding stock options.
Key Dates
| Date | Description |
|---|---|
| 05/14/2026 | Transaction Date for acquisition and disposal of Class C Common Stock. |
| 12/06/2019 | Grant date for an Employee Stock Option. |
| 03/06/2020 | Vesting start date for an Employee Stock Option. |
| 12/06/2029 | Expiration date for an Employee Stock Option. |
| 03/27/2020 | Grant date for an Employee Stock Option. |
| 06/27/2020 | Vesting start date for an Employee Stock Option. |
| 03/27/2030 | Expiration date for an Employee Stock Option. |
| 05/14/2026 | Deemed Execution Date for a transaction involving Employee Stock Option. |
| 12/03/2021 | Grant date for an Employee Stock Option. |
| 03/03/2022 | Vesting start date for an Employee Stock Option. |
| 12/03/2031 | Expiration date for an Employee Stock Option. |
| 12/02/2022 | Grant date for an Employee Stock Option. |
| 03/02/2023 | Vesting start date for an Employee Stock Option. |
| 12/02/2032 | Expiration date for an Employee Stock Option. |
| 12/01/2023 | Grant date for an Employee Stock Option. |
| 03/01/2024 | Vesting start date for an Employee Stock Option. |
| 12/01/2033 | Expiration date for an Employee Stock Option. |
| 12/06/2024 | Grant date for Employee Stock Options. |
| 03/06/2025 | Vesting start date for Employee Stock Options. |
| 12/06/2029 | Expiration date for an Employee Stock Option. |
| 12/06/2034 | Expiration date for an Employee Stock Option. |
| 12/05/2025 | Grant date for Employee Stock Options. |
| 03/05/2026 | Vesting start date for Employee Stock Options. |
| 12/05/2030 | Expiration date for an Employee Stock Option. |
| 12/05/2035 | Expiration date for an Employee Stock Option. |
| 06/01/2026 | Date of signature on the filing. |
Keywords
SEC Form 4, Insider Trading, Beneficial Ownership, Security National Financial Corp, SNFCA, Class C Common Stock, Stock Options, Jason G. Overbaugh, Director, 10% Owner, Officer
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