Sec Form 4 Filing - Overbaugh Jason G. @ SECURITY NATIONAL FINANCIAL CORP - 2023-12-01

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 Overbaugh Jason G. 2. Issuer Name and Ticker or Trading Symbol SECURITY NATIONAL FINANCIAL CORP [ SNFCA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) VP & Nat Mark Dir of Life Ins (Last) (First) (Middle) 13471 SOUTH TUSCALEE WAY 3. Date of Earliest Transaction (MM/DD/YY) 12/01/2023 (Street) DRAPER, UT84020 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

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 Employee Stock Option (right to buy) $ 4.35 ( 1 ) 12/04/2015 A 30,289 03/04/2016 12/04/2025 Class A Common Stock 30,289 $ 4.35 30,289 D Employee Stock Option (right to buy) $ 4.79 ( 2 ) 12/02/2016 A 28,847 03/02/2017 12/02/2026 Class A Common Stock 28,847 $ 4.79 59,136 D Employee Stock Option (right to buy) $ 3.62 ( 3 ) 12/01/2017 A 27,473 03/01/2018 12/01/2027 Class C Common Stock 27,473 $ 3.62 86,609 D Employee Stock Option (right to buy) $ 4.17 ( 4 ) 11/30/2018 A 32,705 02/28/2019 11/30/2028 Class C Common Stock 32,705 $ 4.17 119,314 D Employee Stock Option (right to buy) $ 4.34 ( 5 ) 12/06/2019 A 37,377 03/06/2020 12/06/2029 Class C Common Stock 37,377 $ 4.34 156,691 D Employee Stock Option (right to buy) $ 3.15 ( 6 ) 03/27/2020 A 35,597 06/27/2020 03/27/2030 Class C Common Stock 35,597 $ 3.15 192,288 D Employee Stock Option (right to buy) $ 7.78 ( 7 ) 12/03/2021 A 33,075 03/03/2022 12/03/2031 Class C Common Stock 33,075 $ 7.78 225,363 D Employee Stock Option (right to buy) $ 6.16 ( 8 ) 12/02/2022 A 36,750 03/02/2023 12/02/2032 Class C Common Stock 36,750 $ 6.16 262,113 D Employee Stock Option (right to buy) $ 7.99 ( 9 ) 12/01/2023 A 40,000 03/01/2024 12/01/2033 Class C Common Stock 40,000 $ 7.99 302,113 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Overbaugh Jason G. 13471 SOUTH TUSCALEE WAY DRAPER, UT84020 X VP & Nat Mark Dir of Life Ins Signatures /s/ Jason G. Overbaugh 12/20/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This option was granted on December 4, 2015 as an option to purchase 20,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on 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, July 08, 2022, and July 14, 2023. ( 2 )This option was granted on December 2, 2016 as an option to purchase 20,000 shares of Class A Common Stock at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend 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, July 08, 2022, and July 14, 2023. ( 3 )This option was granted on December 1, 2017 as an option to purchase either 20,000 shares of Class A Common Stock or 20,000 shares of Class C Common Stock at an exercise price of $5.05 per share. This option reflects the reporting person's election to have an option for 20,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 2, 2018, February 1, 2019, and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 08, 2022. and July 14, 2023. ( 4 )This option was granted on November 30, 2018 as an option to purchase either 25,000 shares of Class A Common Stock or 25,000 shares of Class C Common Stock at an exercise price of $5.52 per share. This option reflects the reporting person's election to have an option for 25,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 1, 2019 and February 7, 2020; a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 08, 2022, and July 14, 2023. ( 5 )This option was granted on December 6, 2019 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 shares of Class C Common Stock at an exercise price of $5.46 per share. This option reflects the reporting person's election to have an option for 30,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2020; a 2.5% stock dividend paid on Ju ly 17, 2020; a 5% stock dividend paid on July 16, 2021, July 08, 2022, and July 14, 2023. ( 6 )This option was granted on March 27, 2020 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 shares of Class C Common Stock at an exercise price of $3.76 per share. This option reflects the reporting person's election to have an option for 30,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 2.5% stock dividend paid on July 17, 2020; a 5% stock dividend paid on July 16, 2021, July 08, 2022, and July 14, 2023. ( 7 )This option was granted on December 3, 2021 as an option to purchase either 30,000 shares of Class A Common Stock or 30,000 shares of Class C Common Stock at an exercise price of $8.62 per share. This option reflects the reporting person's election to have an option for 30,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on July 08, 2022, and July 14, 2023. ( 8 )This option was granted on December 02, 2022 as an option for either 35,000 shares of Class A Common Stock or 35,000 shares of Class C Common Stock at an exercise price of $6.48 per share. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock, but adjusted pursuant to the anti-dilution rights of the 2022 Equity Incentive Plan to reflect a 5% stock dividend paid on July 14, 2023. ( 9 )This option was granted on December 01, 2023 as an option for either 40,000 shares of Class A Common Stock or 40,000 shares of Class C Common Stock at an exercise price of $7.99 per share. This option reflects the reporting person's election to have an option for 40,000 Class C Common Stock. The options vest in four equal quarterly installments, beginning on March 01, 2024.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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