Form 4: Security National Financial Corp: Vice President S. Andrew Quist Reports Sale of 8,000 Shares
SEC Form 4 Filing
S. Andrew Quist, Vice President and General Counsel of Security National Financial Corp, reported the sale of 8,000 shares of Class A Common Stock at a price of $8.95 per share on September 24, 2024.
Summary
- On September 24, 2024, S. Andrew Quist, Vice President/General Counsel of Security National Financial Corp, sold 8,000 shares of Class A Common Stock.
- The sale price was $8.95 per share.
- Following the transaction, Quist directly owns 54,500 shares of Class A Common Stock.
- Quist also holds options to purchase a significant number of Class C Common Stock shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a sale of shares by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This sale represents a small percentage of Quist's overall holdings in the company.
Comparison to Industry Standards
- Insider sales are common and are often related to personal financial planning rather than a negative outlook on the company.
- Comparing the size and frequency of insider transactions at Security National Financial Corp to those of similar companies in the financial services sector, such as American National Group (ANAT) or CNO Financial Group (CNO), can provide a broader context.
- Analyzing the ratio of insider sales to total trading volume can also offer insights into market sentiment.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some shareholders, although it is a relatively small transaction.
- The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 12/05/2014 | Date of grant for employee stock option for 33,393 shares of Class A Common Stock at an exercise price of $2.95, exercisable from 03/05/2015 and expiring on 12/05/2024. |
| 12/04/2015 | Date of grant for employee stock option for 31,803 shares of Class A Common Stock at an exercise price of $4.13, exercisable from 03/04/2016 and expiring on 12/04/2025. |
| 12/02/2016 | Date of grant for employee stock option for 30,289 shares of Class A Common Stock at an exercise price of $4.55, exercisable from 03/02/2017 and expiring on 12/02/2026. |
| 12/01/2017 | Date of grant for employee stock option for 28,847 shares of Class C Common Stock at an exercise price of $3.44, exercisable from 03/01/2018 and expiring on 12/01/2027. |
| 11/30/2018 | Date of grant for employee stock option for 34,340 shares of Class C Common Stock at an exercise price of $3.96, exercisable from 02/28/2019 and expiring on 11/30/2028. |
| 12/06/2019 | Date of grant for employee stock option for 52,328 shares of Class C Common Stock at an exercise price of $4.12, exercisable from 03/06/2020 and expiring on 12/06/2029. |
| 03/27/2020 | Date of grant for employee stock option for 49,836 shares of Class C Common Stock at an exercise price of $2.99, exercisable from 06/27/2020 and expiring on 03/27/2030. |
| 12/03/2021 | Date of grant for employee stock option for 69,458 shares of Class C Common Stock at an exercise price of $7.39, exercisable from 03/03/2022 and expiring on 12/03/2031. |
| 12/02/2022 | Date of grant for employee stock option for 88,200 shares of Class C Common Stock at an exercise price of $5.85, exercisable from 03/02/2023 and expiring on 12/02/2032. |
| 12/01/2023 | Date of grant for employee stock option for 84,000 shares of Class C Common Stock at an exercise price of $7.59, exercisable from 03/01/2024 and expiring on 12/01/2033. |
| 09/24/2024 | Date of transaction: S. Andrew Quist sold 8,000 shares of Class A Common Stock at $8.95 per share. |
| 09/26/2024 | Date of signature on the Form 4 filing. |
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