[Form 4] Citizens, Inc. Insider Trading Activity

Rhea-AI Filing Summary

CITIZENS, INC. (CIA) – Insider Form 4 filing

Director Mary Taylor reported two transactions involving the company’s Class A common stock:

• 06/27/2025 – Acquisition: 135.2256 shares were bought through the Citizens Stock Investment Plan (Transaction Code L – small, routine acquisition) at an average price of $3.67.
• 06/30/2025 – Disposition: 0.9855 fractional shares were sold (Transaction Code J – other) at $3.60, a mechanical sale generated by Computershare to transfer only whole shares.

After these trades, Taylor directly owns 47,791.2111 shares, representing a net increase of roughly 134.24 shares. The filing indicates the purchase was made via payroll deductions under the company’s stock investment plan; no options or other derivatives were reported.

The dollar value of the net purchase (~$493) is immaterial relative to Citizens’ market capitalization and therefore unlikely to move the share price, but it does signal continued insider participation in the stock accumulation plan.

Insights

Securities Analyst

TL;DR: Small routine insider buy; neutral market impact.

The Form 4 shows Ms. Taylor adding ~135 shares and selling an immaterial fractional amount, leaving her stake just under 48 k shares. Because the net purchase is worth less than $1 k, it is best viewed as automatic plan participation rather than a discretionary bullish bet. The filing does not alter liquidity, guidance, or valuation, so I classify it as informational with negligible price impact.

Corporate Governance Expert

TL;DR: Indicates ongoing alignment, but scale is de-minimis.

Regular payroll-deduction buys suggest directors remain engaged in ownership programs, a positive governance sign. However, materiality is extremely low; the purchase neither strengthens nor weakens ownership concentration in a way that would affect control or activism dynamics. Overall effect on governance risk profile is neutral.

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^*

TAYLOR MARY

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025

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	06/27/2025		L(1)		135.2256	A	$3.67	47,791.2111	D
Citizens, Inc. Class A Common Stock	06/30/2025		J(2)		0.9855	D	$3.6	47,790.2256	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

Explanation of Responses:

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

2. These fractional shares were sold through Computershare, plan administrator for the Citizens, Inc. Stock Investment Plan, due to a transfer of only whole shares to a new broker. The net proceeds of the sale to the holder was $0.00.

Remarks:

	/s/Sheryl Kinlaw, Attorney-in-Fact	07/09/2025
	** 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).
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