Citizens (NYSE: CIA) director reports multiple small share buys

Rhea-AI Filing Summary

CITIZENS, INC. director Cynthia H. Davis reported several small acquisitions of Class A common stock. She recorded Rule 16a-6 small acquisitions of 53.2192 shares at $5.61, 53.2623 shares at $5.60, and 55.0794 shares at $5.42, increasing her direct holdings to 46,128.1508 shares. She also made an open-market purchase of 100 shares at $4.525, held indirectly through her spouse.

Insider Trade Summary

Net Buyer: 100 shares ($453)

Net Buy 4 txns

Insider DAVIS CYNTHIA H

Role null

Bought 100 shs ($452.50)

Type	Security	Shares	Price	Value
L	Citizens, Inc. Class A Common Stock	55.079	$5.42	$298.53
Purchase	Citizens, Inc. Class A Common Stock	100	$4.525	$452.50
L	Citizens, Inc. Class A Common Stock	53.262	$5.60	$298.27
L	Citizens, Inc. Class A Common Stock	53.219	$5.61	$298.56

Holdings After Transaction: Citizens, Inc. Class A Common Stock — 46,128.151 shares (Direct, null); Citizens, Inc. Class A Common Stock — 100 shares (Indirect, Spouse)

Footnotes (1)

Key Figures

Small acquisition 1: 53.2192 shares at $5.61 Small acquisition 2: 53.2623 shares at $5.60 Small acquisition 3: 55.0794 shares at $5.42 +2 more

5 metrics

Small acquisition 1 53.2192 shares at $5.61 Citizens Class A common stock on January 30, 2026

Small acquisition 2 53.2623 shares at $5.60 Citizens Class A common stock on February 27, 2026

Small acquisition 3 55.0794 shares at $5.42 Citizens Class A common stock on April 7, 2026

Open-market purchase 100 shares at $4.525 Citizens Class A common stock on March 25, 2026

Direct holdings after latest trade 46,128.1508 shares Post-transaction balance on April 7, 2026

Key Terms

Small acquisition under Rule 16a-6, Purchase in open market or private transaction, indirect, Class A Common Stock

4 terms

Small acquisition under Rule 16a-6 regulatory

"transaction_code_description: "Small acquisition under Rule 16a-6""

Purchase in open market or private transaction financial

"transaction_code_description: "Purchase in open market or private transaction""

indirect financial

"ownership_type: "indirect" with nature_of_ownership "Spouse""

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.

Form 4 Insider Transactions: What Each Field Means →

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)
01/30/2026

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)
			Code	V	Amount	(A) or (D)	Price
Citizens, Inc. Class A Common Stock	01/30/2026		L		53.2192	A	$5.61	46,019.8091	D
Citizens, Inc. Class A Common Stock	02/27/2026		L		53.2623	A	$5.6	46,073.0714	D
Citizens, Inc. Class A Common Stock	04/07/2026		L		55.0794	A	$5.42	46,128.1508	D
Citizens, Inc. Class A Common Stock	03/25/2026		P		100	A	$4.525	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/Cynthia H. Davis	04/20/2026
	** 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)

FAQ

What insider transactions did CIA director Cynthia H. Davis report?

Cynthia H. Davis reported three small acquisitions under Rule 16a-6 and one open-market purchase of Citizens, Inc. Class A common stock, adding modest amounts of shares to her direct and indirect holdings over several 2026 transaction dates.

How many CIA shares did Cynthia H. Davis buy in the open market?

She purchased 100 shares of Citizens, Inc. Class A common stock in an open-market transaction at $4.525 per share. These shares are reported as indirectly owned, with the nature of ownership identified as "Spouse" in the filing’s transaction details.

What is Cynthia H. Davis’s direct CIA shareholding after the latest transaction?

Following the most recent small acquisition on April 7, 2026, Cynthia H. Davis directly holds 46,128.1508 shares of Citizens, Inc. Class A common stock, according to the post-transaction balance reported in the Form 4 transaction table.

What does a Rule 16a-6 small acquisition mean for CIA insider trades?

Rule 16a-6 small acquisitions are exempt insider purchases involving relatively small share amounts. In this filing, Davis reported three such transactions, each adding around 53–55 shares of Citizens, Inc. Class A common stock to her existing direct holdings at stated per-share prices.

Are any of Cynthia H. Davis’s CIA shares held indirectly?

Yes. The Form 4 shows an indirect holding of 100 Citizens, Inc. Class A shares acquired in an open-market purchase. The nature of this indirect ownership is identified as "Spouse," distinguishing it from her larger, directly held share position.