What are Cynthia H. Davis’s CITIZENS, INC. (CIA) share holdings after these transactions?

After the reported transactions, Davis directly holds 58,251.5853 shares of Citizens, Inc. Class A common stock. The filing also reports an additional 100 Class A shares held indirectly through her spouse, reflecting a small separate indirect ownership position.

Citizens (NYSE: CIA) director exercises 12,012 RSUs and receives 7,042-unit equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CITIZENS, INC. director Cynthia H. Davis reported compensation-related equity activity and small share purchases. On June 17, 2026, she exercised 12,012 restricted stock units, receiving the same number of Class A common shares, and was granted a new award of 7,042 restricted stock units that each represent a right to one Class A share and vest on June 17, 2027. Earlier, on May 5 and May 29, 2026, she made small acquisitions of 54.4212 and 57.0133 Class A shares through the Citizens, Inc. Stock Investment Plan via regular payroll deductions. Following these transactions, Davis directly holds 58,251.5853 Class A shares and has an additional 100 shares held indirectly through her spouse.

Insider Trade Summary

12,012 shares exercised/converted

Mixed 6 txns

Insider DAVIS CYNTHIA H

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	12,012	$0.00	--
Grant/Award	Restricted Stock Units	7,042	$0.00	--
Exercise	Citizens, Inc. Class A Common Stock	12,012	$0.00	--
L	Citizens, Inc. Class A Common Stock	57.013	$5.23	$298.18
L	Citizens, Inc. Class A Common Stock	54.421	$5.48	$298.23
holding	Citizens, Inc. Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Citizens, Inc. Class A Common Stock — 58,251.585 shares (Direct, null); Citizens, Inc. Class A Common Stock — 100 shares (Indirect, Spouse)

Footnotes (1)

These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock. On June 17, 2025, the reporting person was granted 12,012 restricted stock units, vesting on June 17, 2026. On June 17, 2026, the reporting person was granted 7,042 restricted stock units, vesting on June 17, 2027.

Key Figures

RSUs exercised: 12,012 shares New RSU grant: 7,042 units Payroll plan purchase 1: 54.4212 shares at $5.48 +3 more

6 metrics

RSUs exercised 12,012 shares Restricted stock units converted to Class A common on June 17, 2026

New RSU grant 7,042 units Restricted stock units granted June 17, 2026, vesting June 17, 2027

Payroll plan purchase 1 54.4212 shares at $5.48 Class A shares acquired May 5, 2026 via Stock Investment Plan

Payroll plan purchase 2 57.0133 shares at $5.23 Class A shares acquired May 29, 2026 via Stock Investment Plan

Direct holdings after transactions 58,251.5853 shares Citizens Class A common stock directly owned after June 17, 2026

Indirect spouse holdings 100 shares Citizens Class A common stock held indirectly through spouse

Key Terms

Restricted Stock Units, Stock Investment Plan, Rule 16a-6

3 terms

Restricted Stock Units financial

"The filing reports transactions involving Restricted Stock Units that convert into Class A common stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Stock Investment Plan financial

"Shares were purchased through the Citizens, Inc. Stock Investment Plan as part of monthly payroll deduction."

Rule 16a-6 regulatory

"Certain acquisitions are described as a small acquisition under Rule 16a-6."

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Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 11:26 AM

SEC Form 4

FORM 4

UNITED 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 CYNTHIA H

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Citizens, Inc. Class A Common Stock	05/05/2026		L⁽¹⁾		54.4212	A	$5.48	46,182.572	D
Citizens, Inc. Class A Common Stock	05/29/2026		L⁽¹⁾		57.0133	A	$5.23	46,239.5853	D
Citizens, Inc. Class A Common Stock	06/17/2026		M		12,012	A	⁽²⁾	58,251.5853	D
Citizens, Inc. Class A Common Stock								100	I	Spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	06/17/2026		M			12,012	⁽³⁾	⁽³⁾	Class A Common Stock	12,012	$0	0	D
Restricted Stock Units	⁽²⁾	06/17/2026		A		7,042		⁽⁴⁾	⁽⁴⁾	Class A Common Stock	7,042	$0	7,042	D

Explanation of Responses:

1. These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction.

2. Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.

3. On June 17, 2025, the reporting person was granted 12,012 restricted stock units, vesting on June 17, 2026.

4. On June 17, 2026, the reporting person was granted 7,042 restricted stock units, vesting on June 17, 2027.

Remarks:

	/s/Sheryl Kinlaw, Attorney-in-Fact	06/22/2026
	** Signature of Reporting Person	Date
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 insider transactions did CITIZENS, INC. (CIA) director Cynthia H. Davis report?

Cynthia H. Davis reported exercising 12,012 restricted stock units into Class A common stock, receiving a new grant of 7,042 restricted stock units, and making two small stock purchases through the company’s Stock Investment Plan via regular monthly payroll deductions.

How many CITIZENS, INC. (CIA) shares did Cynthia H. Davis receive from RSU vesting?

Davis received 12,012 Class A common shares when previously granted restricted stock units vested on June 17, 2026. Each restricted stock unit converted into one share of Citizens, Inc. Class A common stock, reflecting compensation earned rather than an open-market purchase.

What new equity award did Cynthia H. Davis receive from CITIZENS, INC. (CIA)?

On June 17, 2026, Davis was granted 7,042 restricted stock units that each represent a contingent right to one Class A common share. These units are scheduled to vest on June 17, 2027, adding to her stock-based compensation.

Did Cynthia H. Davis buy CITIZENS, INC. (CIA) shares through a company plan?

Yes. Footnotes state that 54.4212 and 57.0133 Class A shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deductions, indicating ongoing, small automatic investments rather than large discretionary trades.

How do the restricted stock units reported by CITIZENS, INC. (CIA) work?

Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock. Units generally convert into shares on the vesting date, as shown by the 12,012-unit grant vesting in 2026 and the new 7,042-unit grant vesting in 2027.