Form 4: SNFCA Director Fuller Reports Stock Trades & RSU Grants

Security National Financial Corp. Director Gilbert A. Fuller reported recent stock acquisitions and dispositions, alongside restricted stock unit grants.

Summary

• Gilbert A. Fuller, a Director of Security National Financial Corp. (SNFCA), reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
• On October 1, 2025, Fuller acquired 627 shares of Class A Common Stock at $13.08 per share, likely through the exercise of a derivative.
• Concurrently, Fuller disposed of 627 shares of Class A Common Stock at $8.67 per share.
• Following these transactions, Fuller directly beneficially owns 41,973 shares of Class A Common Stock.
• This beneficial ownership figure has been adjusted to reflect a 5% stock dividend issued on July 18, 2025.
• Fuller was granted 2,509 Restricted Stock Units on December 6, 2024, under the 2022 Equity Incentive Plan at a price of $13.08 per share.
• These RSUs vest quarterly and will be fully vested by December 31, 2025.
• The filing also reports the acquisition of 1,254 RSUs on December 6, 2024, and 627 RSUs on October 1, 2025, both at $13.08 per unit.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including both acquisitions (likely exercise) and dispositions, alongside RSU grants. This presents a mixed, largely neutral signal, typical for a Form 4.

Positives

• Director Gilbert A. Fuller was granted 2,509 Restricted Stock Units, aligning his interests with long-term shareholder value.
• The acquisition of 627 shares of Class A Common Stock, even if through exercise, indicates continued participation in the company's equity.

Negatives

• Director Gilbert A. Fuller disposed of 627 shares of Class A Common Stock, which could be perceived as a reduction in direct equity exposure.

Future Outlook

The Restricted Stock Units granted to Director Fuller are scheduled to vest quarterly and will be fully vested by December 31, 2025, indicating a future equity stake tied to performance over this period.

Industry Context

This Form 4 filing details routine insider transactions and does not provide broader industry context or trends. It reflects individual director equity activity within Security National Financial Corp.

Stakeholder Impact

• Shareholders: Insider transactions can influence market sentiment regarding management's confidence in the company. The disposition of shares might be viewed cautiously, while RSU grants align director interests with long-term shareholder value.

Next Steps

• Continued quarterly vesting of Restricted Stock Units until full vesting on December 31, 2025.

Key Dates

Keywords

Security National Financial Corp, SNFCA, Insider Trading, Form 4, Stock Transactions, Restricted Stock Units, Director, Equity Incentive Plan