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

Role: Chief Legal Officer
Signature: /s/Sheryl Kinlaw, Chief Legal Officer
Stock symbol: CIA
Transactions as of: Mar 28, 2025
Transactions value $: -$42,563
Form type: 4
Date filed: 4/1/2025, 04:51 PM
Previous filing: Oct 10, 2024
Next filing: May 29, 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		+15.2K	+39.71%		53.4K	Mar 28, 2025	Direct	F1
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	-$17.2K	-3.69K	-6.92%	$4.66	49.7K	Mar 28, 2025	Direct
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+10.9K	+21.94%		60.6K	Mar 28, 2025	Direct	F2
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	-$12.4K	-2.66K	-4.38%	$4.66	57.9K	Mar 28, 2025	Direct
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+3.17K	+5.47%		61.1K	Mar 31, 2025	Direct	F3
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	-$3.52K	-773	-1.27%	$4.55	60.3K	Mar 31, 2025	Direct
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+8.54K	+14.15%		68.9K	Mar 31, 2025	Direct	F4
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	-$9.46K	-2.08K	-3.02%	$4.55	66.8K	Mar 31, 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	-15.2K	-33.33%	$0.00	30.3K	Mar 28, 2025	Class A Common Stock	15.2K		Direct	F1, F5
transaction	CIA	Restricted Stock Units	Options Exercise	$0	-10.9K	-33.33%	$0.00	21.8K	Mar 28, 2025	Class A Common Stock	10.9K		Direct	F2, F5
transaction	CIA	Restricted Stock Units	Options Exercise	$0	-3.17K	-100%	$0.00	0	Mar 31, 2025	Class A Common Stock	3.17K		Direct	F3, F5
transaction	CIA	Restricted Stock Units	Options Exercise	$0	-8.54K	-50%	$0.00	8.54K	Mar 31, 2025	Class A Common Stock	8.54K		Direct	F4, F5
transaction	CIA	Restricted Stock Units	Award	$0	+15.4K		$0.00	15.4K	Mar 31, 2025	Class A Common Stock	15.4K		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).