Jon Stenberg - 28 Mar 2025 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role: President & CEO
Signature: /s/Jon Stenberg
Issuer symbol: CIA
Transactions as of: 28 Mar 2025
Net transactions value: -$23,044
Form type: 4
Filing time: 01 Apr 2025, 16:38:39 UTC
Previous filing: 20 Mar 2025
Next filing: 09 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+20,309	+16%		143,961	28 Mar 2025	Direct	F1
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	$23,044	-4,945	-3.4%	$4.66	139,016	28 Mar 2025	Direct
holding	CIA	Citizens, Inc. Class A Common Stock						18,023	28 Mar 2025	Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CIA	Restricted Stock Units	Options Exercise	$0	-20,309	-33%	$0.000000	40,619	28 Mar 2025	Class A Common Stock	20,309		Direct	F1, F2
transaction	CIA	Restricted Stock Units	Award	$0	+39,560		$0.000000	39,560	31 Mar 2025	Class A Common Stock	39,560		Direct	F2, F3
holding	CIA	Restricted Stock Units						90,498	28 Mar 2025	Class A Common Stock	90,498		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2024 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).
F2	Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F3	On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2025 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 31, 2026) an dthe second anniversary of the date of the grant (March 31, 2027) and the third anniversary of the date of the grant (March 31, 2028).
F4	On March 18, 2024, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary of the date of the grant (March 18, 2025) and the second anniversary of the date of the grant (March 18, 2026) and the third anniversary of the date of the grant (March 18, 2027).