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

Role: Chief Information Officer
Signature: /s/Paula L. Guerrero
Stock symbol: CIA
Transactions as of: Mar 28, 2025
Transactions value $: -$4,194
Form type: 4
Date filed: 4/1/2025, 04:59 PM
Previous filing: Jan 13, 2025
Next filing: Jul 17, 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		+3.03K	+57.39%		8.32K	Mar 28, 2025	Direct	F1
transaction	CIA	Citizens, Inc. Class A Common Stock	Tax liability	-$4.19K	-900	-10.82%	$4.66	7.42K	Mar 28, 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	-3.03K	-33.33%	$0.00	6.07K	Mar 28, 2025	Class A Common Stock	3.03K		Direct	F2, F3
transaction	CIA	Restricted Stock Units	Award	$0	+5.77K		$0.00	5.77K	Mar 31, 2025	Class A Common Stock	5.77K		Direct	F2, F4
transaction	CIA	Restricted Stock Units	Award	$0	+6.59K		$0.00	6.59K	Mar 31, 2025	Class A Common Stock	6.59K		Direct	F2, F5
holding	CIA	Restricted Stock Units						1.28K	Mar 28, 2025	Class A Common Stock	1.28K		Direct	F2, F6
holding	CIA	Restricted Stock Units						5.42K	Mar 28, 2025	Class A Common Stock	5.42K		Direct	F2, 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	Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
F3	Vesting is 1/3 on the first anniversary of the date of the grant (March 28, 2025), 1/3 on the second anniversary of the grant (March 28, 2026) and 1/3 on the third anniversary of the grant (March 28, 2027).
F4	On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2024 pay-for-performance. 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).
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	Initial grant was issued on July 15, 2022 and remaining number of shares will vest on July 15, 2025.
F7	Initial grant was issued on August 15, 2023 and remaining number of shares will vest 1/2 on August 14, 2025 and 1/2 on August 15, 2026.