Sheryl L. Kinlaw - 28 Mar 2025 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role: Chief Legal Officer
Signature: /s/Sheryl Kinlaw, Chief Legal Officer
Issuer symbol: CIA
Transactions as of: 28 Mar 2025
Net transactions value: -$42,563
Form type: 4
Filing time: 01 Apr 2025, 16:51:41 UTC
Previous filing: 10 Oct 2024
Next filing: 29 May 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		+15,172	+40%		53,381	28 Mar 2025	Direct	F1
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	$17,214	-3,694	-6.9%	$4.66	49,687	28 Mar 2025	Direct
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+10,903	+22%		60,590	28 Mar 2025	Direct	F2
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	$12,372	-2,655	-4.4%	$4.66	57,935	28 Mar 2025	Direct
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+3,171	+5.5%		61,106	31 Mar 2025	Direct	F3
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	$3,517	-773	-1.3%	$4.55	60,333	31 Mar 2025	Direct
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+8,535	+14%		68,868	31 Mar 2025	Direct	F4
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	$9,459	-2,079	-3%	$4.55	66,789	31 Mar 2025	Direct

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	-15,172	-33%	$0.000000	30,346	28 Mar 2025	Class A Common Stock	15,172		Direct	F1, F5
transaction	CIA	Restricted Stock Units	Options Exercise	$0	-10,903	-33%	$0.000000	21,807	28 Mar 2025	Class A Common Stock	10,903		Direct	F2, F5
transaction	CIA	Restricted Stock Units	Options Exercise	$0	-3,171	-100%	$0.000000	0	31 Mar 2025	Class A Common Stock	3,171		Direct	F3, F5
transaction	CIA	Restricted Stock Units	Options Exercise	$0	-8,535	-50%	$0.000000	8,536	31 Mar 2025	Class A Common Stock	8,535		Direct	F4, F5
transaction	CIA	Restricted Stock Units	Award	$0	+15,384		$0.000000	15,384	31 Mar 2025	Class A Common Stock	15,384		Direct	F5, F6

* 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 restricted stock units (RSUs) under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance. 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	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).
F3	On March 31, 2022, 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 31, 2023) and the second anniversary of the date of the grant (March 31, 2024) and the third anniversary of the date of the grant (March 31, 2025).
F4	On March 31, 2023, 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 31, 2024) and the second anniversary of the date of the grant (March 31, 2025) and the third anniversary of the date of the grant (March 31, 2026).
F5	Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F6	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).