GUERRERO PAULA L (Chief Information Officer) exercised options at CITIZENS, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

GUERRERO PAULA L

Filed: 7/17/2025ACC: 0000024090-25-000113

InsiderGUERRERO PAULA LCIK 2051485

→

IssuerCITIZENS, INC.CIK 24090

Officer· Chief Information Officer

Since Jan 2025

+459.85

Net shares

Net buyer

$1.0K

Total sold

Open market trades

0B · 0S

Total transactions

2.05K acquired · 1.59K disposed

Non-Derivative Transactions5

Citizens, Inc. Class A Common Stock

Direct

L · L

+237.90

Price / share

$4.17

Trade value

$992.04

% of position

3.2%

5/2/2025

7.42K→7.66K

Citizens, Inc. Class A Common Stock

Direct

L · L

+263.50

Price / share

$3.77

Trade value

$993.39

% of position

3.4%

5/30/2025

7.66K→7.92K

Citizens, Inc. Class A Common Stock

Direct

L · L

+270.45

Price / share

$3.67

Trade value

$992.56

% of position

3.4%

6/27/2025

7.92K→8.19K

Citizens, Inc. Class A Common Stock

Direct

M · Option Exercise

+1.28K

Price / share

—

Trade value

—

% of position

15.6%

7/15/2025

8.19K→9.47K

Citizens, Inc. Class A Common Stock

Direct

F · Tax Withholding

−312.00

Price / share

$3.30

Trade value

$1.03K

% of position

3.3%

7/15/2025

9.47K→9.16K

Total

Net shares

+1.74K

Net value

$1.95K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Citizens, Inc. Class A Common Stock Direct	5/2/2025	L · L	+237.90	$4.17	$992.04	3.2%	7.42K	7.66K
Citizens, Inc. Class A Common Stock Direct	5/30/2025	L · L	+263.50	$3.77	$993.39	3.4%	7.66K	7.92K
Citizens, Inc. Class A Common Stock Direct	6/27/2025	L · L	+270.45	$3.67	$992.56	3.4%	7.92K	8.19K
Citizens, Inc. Class A Common Stock Direct	7/15/2025	M · Option Exercise	+1.28K	—	—	15.6%	8.19K	9.47K
Citizens, Inc. Class A Common Stock Direct	7/15/2025	F · Tax Withholding	−312.00	$3.30	$1.03K	3.3%	9.47K	9.16K
Total			+1.74K		$1.95K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.28K shares

−1.28K

Strike price

Held after

0.00

Exercisable

—

7/15/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock1.28K shares	7/15/2025	M · Option Exercise	−1.28K		—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)4

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

6.59K

Shares owned

6.59K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

5.42K

Shares owned

5.42K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

5.77K

Shares owned

5.77K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

6.07K

Shares owned

6.07K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

23.85K

Owned

23.85K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Class A Common Stock	—	—	6.59K	6.59K
Restricted Stock Units Direct	Class A Common Stock	—	—	5.42K	5.42K
Restricted Stock Units Direct	Class A Common Stock	—	—	5.77K	5.77K
Restricted Stock Units Direct	Class A Common Stock	—	—	6.07K	6.07K
Total				23.85K	23.85K