Jon Stenberg - 18 Mar 2025 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role: President & CEO
Signature: /s/Sheryl Kinlaw, Attorney-in-Fact
Issuer symbol: CIA
Transactions as of: 18 Mar 2025
Net transactions value: -$53,978
Form type: 4
Filing time: 20 Mar 2025, 10:37:50 UTC
Previous filing: 18 Sep 2024
Next filing: 01 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		+45,249	+51%		134,713	18 Mar 2025	Direct	F1
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	$53,978	-11,061	-8.2%	$4.88	123,652	18 Mar 2025	Direct
holding	CIA	Citizens, Inc. Class A Common Stock						18,023	18 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	-45,249	-33%	$0.000000	90,498	18 Mar 2025	Class A Common Stock	45,249		Direct	F1, F2
holding	CIA	Restricted Stock Units						60,928	18 Mar 2025	Class A Common Stock	60,928		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F2	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).
F3	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).