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

Role: President & CEO
Signature: /s/Jon Stenberg
Stock symbol: CIA
Transactions as of: Mar 28, 2025
Transactions value $: -$23,044
Form type: 4
Date filed: 4/1/2025, 04:38 PM
Previous filing: Mar 20, 2025
Next filing: Apr 9, 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		+20.3K	+16.42%		144K	Mar 28, 2025	Direct	F1
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	-$23K	-4.95K	-3.43%	$4.66	139K	Mar 28, 2025	Direct
holding	CIA	Citizens, Inc. Class A Common Stock						18K	Mar 28, 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	-20.3K	-33.33%	$0.00	40.6K	Mar 28, 2025	Class A Common Stock	20.3K		Direct	F1, F2
transaction	CIA	Restricted Stock Units	Award	$0	+39.6K		$0.00	39.6K	Mar 31, 2025	Class A Common Stock	39.6K		Direct	F2, F3
holding	CIA	Restricted Stock Units						90.5K	Mar 28, 2025	Class A Common Stock	90.5K		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).