Sec Form 4 Filing - FULLER GILBERT A @ SECURITY NATIONAL FINANCIAL CORP - 2023-04-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person FULLER GILBERT A 2. Issuer Name and Ticker or Trading Symbol SECURITY NATIONAL FINANCIAL CORP [ SNFC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 55 WANDERWOOD WAY 3. Date of Earliest Transaction (MM/DD/YY) 04/01/2023 (Street) SANDY, UT84092 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Class A Common Stock 04/01/2023 M 405 A $ 6.58 7,077 D Class A Common Stock 04/03/2023 S 405 D $ 6.58 6,672 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Director Stock Option (right to buy) $ 3.26 ( 1 ) 12/05/2014 A 7,573 03/05/2015 12/05/2024 Class A Common Stock 7,573 $ 3.26 7,573 D Director Stock Option (right to buy) $ 3.26 ( 2 ) 12/07/2014 A 1,516 03/07/2015 12/07/2024 Class A Common Stock 1,516 $ 3.26 9,089 D Director Stock Option (right to buy) $ 4.58 ( 3 ) 12/04/2015 A 7,211 03/04/2016 12/04/2025 Class A Common Stock 7,211 $ 4.58 16,300 D Director Stock Option (right to buy) $ 4.58 ( 4 ) 12/07/2015 A 1,444 03/07/2016 12/07/2025 Class A Common Stock 1,444 $ 4.58 17,744 D Director Stock Option (right to buy) $ 5.04 ( 5 ) 12/02/2016 A 6,869 03/02/2017 12/02/2026 Class A Common Stock 6,869 $ 5.04 24,613 D Director Stock Option (right to buy) $ 5.27 ( 6 ) 12/07/2016 A 1,373 03/07/2017 12/07/2026 Class A Common Stock 1,373 $ 5.27 25,986 D Director Stock Option (right to buy) $ 3.81 ( 7 ) 12/01/2017 A 1,308 03/01/2018 12/01/2027 Class A Common Stock 1,308 $ 3.81 27,294 D Director Stock Option (right to buy) $ 4.39 ( 8 ) 11/30/2018 A 7,478 02/28/2019 01/30/2028 Class A Common Stock 7,478 $ 4.39 34,772 D Director Stock Option (right to buy) $ 4.57 ( 9 ) 12/06/2019 A 7,120 03/06/2020 12/06/2029 Class A Common Stock 7,120 $ 4.57 41,892 D Director Stock Option (right to buy) $ 3.32 ( 10 ) 03/27/2020 A 6,781 06/27/2020 03/27/2030 Class A Common Stock 6,781 $ 3.32 48,673 D Director Stock Option (right to buy) $ 8.19 ( 11 ) 12/03/2021 A 6,300 03/03/2022 12/03/2031 Class A Common Stock 6,300 $ 8.19 54,973 D Restricted Stock Units $ 6.48 ( 12 ) 12/02/2022 A 1,620 12/02/2023 ( 12 ) Class A Common Stock 1,620 $ 6.48 56,593 D Restricted Stock Units $ 6.48 ( 12 ) 04/01/2023 D 405 12/02/2023 ( 12 ) Class A Common Stock 405 $ 6.48 56,188 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other FULLER GILBERT A 55 WANDERWOOD WAY SANDY, UT84092 X Signatures /s/ Gilbert A. Fuller 05/03/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This option was granted on December 5, 2014 as an option for 5,000 shares of Class A Common Stock under the Amended and Restated 2014 Director Stock Option Plan (the "2014 Director Stock Option Plan") at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015, February 5, 2016, February 3, 2017,February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 2 )This option was granted on December 7, 2014 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 6, 2015, February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; a 21/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 3 )This option was granted on December 4, 2015 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividendpaid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 4 )This option was granted on December 7, 2015 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividendpaid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 5 )This option was granted on December 2, 2016 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect stock dividends paid on February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 6 )This option was granted on December 7, 2016 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $7.36 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 3, 2017, February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17,2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 7 )This option was granted on December 1, 2017 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stockdividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 8 )This option was granted on November 30, 2018 as an option for 1,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect 5% stock dividends paid on February 1, 2019 and February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 9 )This option was granted on December 6, 2019 as an option for 5,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $5.46 per share but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2020, a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 10 )This option was granted on March 27, 2020 as an option for 2,500 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $3.76 per share; a 5% stock dividend paid on February 7, 2020; a 2 1/2% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021; and a 5% stock dividend paid on July 08, 2022. ( 11 )This option was granted on December 3, 2021 as an option for 6,000 shares of Class A Common Stock under the 2014 Director Stock Option Plan at an exercise price of $8.62 per share but adjusted pursuant to the anti-dilution provisions of the 2014 Director Stock Option Plan to reflect a 5% stock dividend paid on July 08, 2022. ( 12 )These restricted stock units were granted on December 2, 2022 for 1,620 shares of Class A Common Stock under the 2022 Equity Incentive Plan at a price of $6.48. The units granted vest quarterly, and will be fully vested on December 31, 2023.

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