[Form 4] Citizens, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Paula L. Guerrero, Chief Information Officer at Citizens, Inc. (CIA), reported routine purchases, a sale, and multiple restricted stock unit (RSU) holdings. On 08/01/2025 she purchased 245.9242 shares through the company stock investment plan at $4.04 per share. On 08/15/2025 she was credited with 2,708 shares (code M) and sold 660 shares at $5.10, leaving 11,452.7712 Class A shares reported as beneficially owned after those transactions. The filing also discloses RSU awards that vest in scheduled installments: 2,708, 6,069, 5,769 and 6,593 RSUs, each representing a contingent right to one share. The RSU grants reference prior grant dates and standard multi-year vesting schedules as described in the explanations.

Positive

• Purchase via employee stock investment plan (245.9242 shares at $4.04) shows continued participation in company equity
• Multiple RSU awards disclosed (2,708; 6,069; 5,769; 6,593) with clear vesting schedules, aligning executive incentives with long-term performance
• Form 4 is fully signed and explained, including grant dates and vesting terms

Negative

• Sale of 660 shares at $5.10 on 08/15/2025 reduced direct holdings to 11,452.7712 shares
• Not all RSU vesting dates are fully vested yet; some awards vest in future years (2025–2028) and remain contingent

Insights

Securities Analyst

TL;DR: Insider executed small payroll purchase, received RSU grants, and sold a modest block—routine compensation and liquidity activity.

The transactions disclosed are typical for an executive: a payroll-deduction purchase on 08/01/2025 and a later acquisition entry plus a sale on 08/15/2025. The sale of 660 shares at $5.10 reduces reported beneficial ownership to 11,452.7712 shares but does not indicate a change in role or control. Multiple RSU awards with staggered vesting provide alignment with long-term incentives. From a market-impact perspective these trades are small relative to most public float sizes and reflect compensation vesting and routine portfolio management rather than a change in corporate outlook.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting: grants, vesting schedules and plan purchases are documented; no governance red flags.

The Form 4 clearly identifies purchase under the employee stock investment plan and details RSU grants with explicit vesting schedules tied to prior grant dates. The filing is signed and dated, and includes explanatory notes linking each RSU to its grant and vesting timetable. There is no indication of accelerated vesting, related-party transactions, or amendments that would raise governance concerns. The reported activities are consistent with executive compensation delivery and standard insider reporting practices.

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
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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^*

Guerrero Paula L

(Last) (First) (Middle)

11815 ALTERRA PARKWAY, SUITE 1500

(Street)

AUSTIN TX 78758

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CITIZENS, INC. [ CIA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Citizens, Inc. Class A Common Stock	08/01/2025		L(1)		245.9242	A	$4.04	9,404.7712	D
Citizens, Inc. Class A Common Stock	08/15/2025		M		2,708	A	(2)	12,112.7712	D
Citizens, Inc. Class A Common Stock	08/15/2025		F		660	D	$5.1	11,452.7712	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	08/15/2025		M			2,708	(3)	(3)	Class A Common Stock	2,708	$0	2,709	D
Restricted Stock Units	(2)							(4)	(4)	Class A Common Stock	6,069		6,069	D
Restricted Stock Units	(2)							(5)	(5)	Class A Common Stock	5,769		5,769	D
Restricted Stock Units	(2)							(6)	(6)	Class A Common Stock	6,593		6,593	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 August 15, 2023, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (August 15, 2024) and the second anniversary date of the grant (August 15, 2025) and the third anniversary date of the grant (August 15, 2026)

4. 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).

5. 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).

6. 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).

Remarks:

	/s/Paula L. Guerrero	08/19/2025
	** 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.
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FAQ

What transactions did Paula L. Guerrero report on the Form 4 for CIA?

She purchased 245.9242 shares on 08/01/2025 at $4.04 via the employee stock investment plan, was credited with 2,708 shares on 08/15/2025 (code M), and sold 660 shares on 08/15/2025 at $5.10.

How many shares does Paula Guerrero report beneficially owning after these transactions?

11,452.7712 Class A shares are reported as beneficially owned following the 08/15/2025 transactions.

What restricted stock units (RSUs) are disclosed in the filing?

RSU awards of 2,708; 6,069; 5,769; and 6,593 are disclosed, each representing a contingent right to one share and vesting in scheduled installments per the explanations.

Do the RSUs have clear vesting schedules?

Yes. The filing explains prior grant dates and that each RSU award vests in three equal annual installments on the anniversary dates cited (2024–2028 ranges depending on grant).

Was the Form 4 properly signed and dated?

Yes. The filing is signed "/s/Paula L. Guerrero" and dated 08/19/2025.