Quist S. Andrew

Quist S. Andrew, Vice President and General Counsel of Security National Financial Corporation (SNFCA), has filed 55 Form 4 transactions over the past several years, all involving the single Utah-based financial services company. The pattern is heavily skewed toward compensation-driven activity rather than discretionary trading. Across all filings, Andrew has recorded zero open-market purchases and zero open-market sales, with the entire $279,913 in sell-side activity coming from "D" codes—shares sold back to the issuer—paired with matching "M" option exercises. The largest such paired transaction occurred on December 3, 2025, when Andrew exercised options valued at $130,900.56 and immediately sold the shares back to the company for $130,900.68, a nearly identical amount that suggests a cashless exercise. A similar paired transaction took place on March 27, 2025, with an option exercise of $149,009.64 and a corresponding sale of $149,012.37. The dominant feature of Andrew's filing history is the annual award cycle. Each December since 2022, he has received multiple "A" grants (compensation awards, not purchases), with values scaling upward from roughly $515,000 in 2022 to approximately $955,000 in 2024. The December 5, 2025 filing shows two awards totaling over $2.5 million, a substantial increase from prior years. These grants are typically split across multiple line items, likely reflecting different equity components such as restricted stock and performance units. The only other notable activity is a gift of $46,996.95 on December 16, 2025, and a smaller $66,000 gift in January 2024, both coded "G" with no cash consideration. In aggregate, Andrew's acquired value from all sources totals $17.74 million, dwarfing the $279,913 in sales back to the issuer. The absence of any open-market "P" or "S" transactions indicates that Andrew has not used the public market to either build or reduce his position in SNFCA stock. Instead, his holdings have grown almost entirely through scheduled compensation awards, with the only liquidity events being mandatory tax-related dispositions and option exercises tied directly to those awards. The recent December 2025 filings—a large grant followed by a gift—suggest continued accumulation through compensation rather than any directional bet on the stock.