Bryon Matthew Lewis - 28 Mar 2025 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role: Chief Operations Officer
Signature: /s/Bryon Matthew Lewis
Issuer symbol: CIA
Transactions as of: 28 Mar 2025
Net transactions value: -$10,033
Form type: 4
Filing time: 01 Apr 2025, 17:09:29 UTC
Previous filing: 05 Nov 2024
Next filing: 17 Jul 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		+2,587	+39%		9,209	28 Mar 2025	Direct	F1
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	$3,574	-767	-8.3%	$4.66	8,442	28 Mar 2025	Direct
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+4,673	+55%		13,115	28 Mar 2025	Direct	F2
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	$6,459	-1,386	-11%	$4.66	11,729	28 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	-2,587	-33%	$0.000000	5,176	28 Mar 2025	Class A Common Stock	2,587		Direct	F1, F3
transaction	CIA	Restricted Stock Units	Options Exercise	$0	-4,673	-33%	$0.000000	9,346	28 Mar 2025	Class A Common Stock	4,673		Direct	F3, F4
transaction	CIA	Restricted Stock Units	Award	$0	+6,593		$0.000000	6,593	31 Mar 2025	Class A Common Stock	6,593		Direct	F3, F5
holding	CIA	Restricted Stock Units						1,278	28 Mar 2025	Class A Common Stock	1,278		Direct	F3, F6
holding	CIA	Restricted Stock Units						5,251	28 Mar 2025	Class A Common Stock	5,251		Direct	F3, F7

* 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	Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F4	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).
F5	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).
F6	On July 15, 2022, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (July 15, 2023) and the second anniversary date of the grant (July 15, 2024) and the third anniversary date of the grant (July 15, 2025)
F7	On August 15, 2023, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (August 15, 2024) and the second anniversary date of the grant (August 15, 2025) and the third anniversary date of the grant (August 15, 2026)