Happy to be able to help!
If we’re talking about having the microphone tapped etc, I don’t think anyone would still be developing 0-days for such old phones. If you want to be safer (assuming fear of old software having unpatched vulnerabilities) Nokia launched a dumb phone not too long ago.
However… GSM networks and cell tower level tracking is much harder/almost impossible to escape short of throwing away your phone. SMSes can be hijacked, hostile agents can force downgrade the connection to 3G/2g to break encryption (iirc, please correct me if wrong), and your location is generally known to your service provider and Uncle Sam.
Plus… the SIM card is its own mini computer, and lots of the firmware between that and the telephony modules is proprietary and closed source. If you’re familiar with intel ME you have an idea of what I’m talking about.
Honestly, if you’re not a journalist going after big names, or a top CEO/president etc you likely don’t need to worry about any of these. But if you are, or just want to be privacy conscious, your best bet is to never use cell towers and only use Wi-Fi/internet from public or untraceable places; along with Wi-Fi calling for telephony. Btw I’m not sure but I think Google fi and a few carriers/MVNOs offer virtual numbers, which can be a good first step for privacy.