TOPE CHAD J exercised options at NATIONAL WESTERN LIFE GROUP, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

TOPE CHAD J

Filed: 12/11/2023ACC: 0001782169-23-000002

InsiderTOPE CHAD JCIK 1782169

→

IssuerNATIONAL WESTERN LIFE GROUP, INC.CIK 1635984

Other

Since Dec 2019

-2.85K

Net shares

Net seller

$1.38M

Total sold

Open market trades

0B · 0S

Total transactions

2.85K acquired · 5.71K disposed

Non-Derivative Transactions6

Class A Common Stock

Direct

M · Option Exercise

+764.00

Price / share

$252.91

Trade value

$193.22K

% of position

New position

12/7/2023

0.00→764.00

Class A Common Stock

Direct

M · Option Exercise

+983.00

Price / share

$192.10

Trade value

$188.83K

% of position

128.7%

12/7/2023

764.00→1.75K

Class A Common Stock

Direct

M · Option Exercise

+886.00

Price / share

$218.44

Trade value

$193.54K

% of position

50.7%

12/7/2023

1.75K→2.63K

Class A Common Stock

Direct

D · Disposition

−2.63K

Price / share

$483.15

Trade value

$1.27M

% of position

New position

12/7/2023

2.63K→0.00

Class A Common Stock

Direct

M · Option Exercise

+221.00

Price / share

—

Trade value

—

% of position

New position

12/11/2023

0.00→221.00

Class A Common Stock

Direct

M · Option Exercise

−221.00

Price / share

$480.32

Trade value

$106.15K

% of position

New position

12/11/2023

221.00→0.00

Total

Net shares

+0.00

Net value

-$802.69K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	12/7/2023	M · Option Exercise	+764.00	$252.91	$193.22K	New position	0.00	764.00
Class A Common Stock Direct	12/7/2023	M · Option Exercise	+983.00	$192.10	$188.83K	128.7%	764.00	1.75K
Class A Common Stock Direct	12/7/2023	M · Option Exercise	+886.00	$218.44	$193.54K	50.7%	1.75K	2.63K
Class A Common Stock Direct	12/7/2023	D · Disposition	−2.63K	$483.15	$1.27M	New position	2.63K	0.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	+221.00	—	—	New position	0.00	221.00
Class A Common Stock Direct	12/11/2023	M · Option Exercise	−221.00	$480.32	$106.15K	New position	221.00	0.00
Total			+0.00		-$802.69K

Derivative Transactions4

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

764.00 shares

−764.00

Strike price

252.91

Held after

0.00

Exercisable

—

12/7/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

983.00 shares

−983.00

Strike price

192.10

Held after

492.00

Exercisable

—

12/7/2023

Stock Appreciation Rights

Direct

M · Option Exercise

Converts to

Class A Common Stock

886.00 shares

−886.00

Strike price

218.44

Held after

1.77K

Exercisable

—

12/7/2023

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

221.00 shares

−221.00

Strike price

Held after

0.00

Exercisable

—

12/11/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Appreciation Rights Direct	Class A Common Stock764.00 shares	12/7/2023	M · Option Exercise	−764.00	252.91	—	0.00
Stock Appreciation Rights Direct	Class A Common Stock983.00 shares	12/7/2023	M · Option Exercise	−983.00	192.10	—	492.00
Stock Appreciation Rights Direct	Class A Common Stock886.00 shares	12/7/2023	M · Option Exercise	−886.00	218.44	—	1.77K
Restricted Stock Units Direct	Class A Common Stock221.00 shares	12/11/2023	M · Option Exercise	−221.00		—	0.00