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Citizens (NYSE: CIA) director adds shares through payroll stock plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Citizens, Inc. director Jerry Davis reported a series of small acquisitions of Class A common stock under the company’s stock investment plan. The Form 4 shows monthly purchases through regular payroll deductions, with recent transactions around $5.23–$5.61 per share. Following the latest May acquisition of about 380 shares, Davis directly holds approximately 74,985 Citizens Class A shares.

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Insider Davis Jerry
Role null
Type Security Shares Price Value
L Citizens, Inc. Class A Common Stock 380.1 $5.23 $2K
L Citizens, Inc. Class A Common Stock 362.816 $5.48 $2K
L Citizens, Inc. Class A Common Stock 367.205 $5.42 $2K
L Citizens, Inc. Class A Common Stock 355.083 $5.60 $2K
L Citizens, Inc. Class A Common Stock 354.798 $5.61 $2K
Holdings After Transaction: Citizens, Inc. Class A Common Stock — 74,984.973 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares acquired May 29, 2026 380.0997 shares at $5.23 Citizens Class A stock via stock investment plan
Shares acquired May 5, 2026 362.8158 shares at $5.48 Citizens Class A stock via stock investment plan
Shares acquired April 7, 2026 367.2048 shares at $5.42 Citizens Class A stock via stock investment plan
Shares acquired February 27, 2026 355.0829 shares at $5.60 Citizens Class A stock via stock investment plan
Shares acquired January 30, 2026 354.7976 shares at $5.61 Citizens Class A stock via stock investment plan
Post-transaction holdings 74,984.9731 shares Direct Class A ownership after May 29, 2026 purchase
Form 4 regulatory
"Please analyze the following financial content according to the instructions above. INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Citizens, Inc. Stock Investment Plan financial
"These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction."
Rule 16a-6 regulatory
"transaction_code_description": "Small acquisition under Rule 16a-6""
Class A Common Stock financial
"security_title": "Citizens, Inc. Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Davis Jerry
(Last)(First)(Middle)
11815 ALTERRA PARKWAY, SUITE 1500
(Street)
AUSTIN TEXAS 78758
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CITIZENS, INC. [ CIA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Citizens, Inc. Class A Common Stock01/30/2026L(1)354.7976A$5.6173,519.7699D
Citizens, Inc. Class A Common Stock02/27/2026L(1)355.0829A$5.673,874.8528D
Citizens, Inc. Class A Common Stock04/07/2026L(1)367.2048A$5.4274,242.0576D
Citizens, Inc. Class A Common Stock05/05/2026L(1)362.8158A$5.4874,604.8734D
Citizens, Inc. Class A Common Stock05/29/2026L(1)380.0997A$5.2374,984.9731D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction.
Remarks:
/s/Sheryl Kinlaw, Attorney-in-Fact06/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Citizens (CIA) director Jerry Davis report on this Form 4?

Jerry Davis reported several small acquisitions of Citizens Class A common stock. These were routine purchases made under the company’s stock investment plan, reflecting ongoing participation through payroll deductions rather than a large, one-time market trade.

How many Citizens (CIA) shares does Jerry Davis hold after these transactions?

After the most recent reported acquisition, Jerry Davis directly holds about 74,985 Citizens Class A shares. This figure comes from the May 29, 2026 entry, which lists his total direct ownership following that stock investment plan purchase.

At what prices were the recent Citizens (CIA) shares acquired by Jerry Davis?

The reported acquisitions were made at prices between about $5.23 and $5.61 per share. Each entry on the Form 4 lists the exact price per share for that month’s purchase under the Citizens, Inc. Stock Investment Plan.

What does transaction code "L" mean on Jerry Davis’s Citizens (CIA) Form 4?

Transaction code “L” indicates a small acquisition under SEC Rule 16a-6. In this case, it reflects incremental purchases of Citizens Class A stock through the company’s stock investment plan via regular monthly payroll deduction.

Were Jerry Davis’s Citizens (CIA) stock purchases open-market trades?

No. The footnote explains the shares were purchased through the Citizens, Inc. Stock Investment Plan. They were acquired as part of regular monthly payroll deductions, not discretionary open-market trades on a particular trading day.