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: 3/31/2026ACC: 0002051485-26-000004

InsiderGUERRERO PAULA LCIK 2051485

→

IssuerCITIZENS, INC.CIK 24090

Officer· Chief Information Officer

Since Jan 2025

-711.06

Net shares

Net seller

$4.9K

Total sold

Open market trades

0B · 0S

Total transactions

3.39K acquired · 4.10K disposed

Non-Derivative Transactions4

Citizens, Inc. Class A Common Stock

Direct

L · L

+177.40

Price / share

$5.61

Trade value

$995.20

% of position

1.4%

1/30/2026

12.36K→12.53K

Citizens, Inc. Class A Common Stock

Direct

L · L

+177.54

Price / share

$5.60

Trade value

$994.23

% of position

1.4%

2/27/2026

12.53K→12.71K

Citizens, Inc. Class A Common Stock

Direct

M · Option Exercise

+3.03K

Price / share

—

Trade value

—

% of position

23.9%

3/28/2026

12.71K→15.74K

Citizens, Inc. Class A Common Stock

Direct

F · Tax Withholding

−1.07K

Price / share

$4.58

Trade value

$4.88K

% of position

6.8%

3/28/2026

15.74K→14.68K

Total

Net shares

+2.32K

Net value

-$2.89K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Citizens, Inc. Class A Common Stock Direct	1/30/2026	L · L	+177.40	$5.61	$995.20	1.4%	12.36K	12.53K
Citizens, Inc. Class A Common Stock Direct	2/27/2026	L · L	+177.54	$5.60	$994.23	1.4%	12.53K	12.71K
Citizens, Inc. Class A Common Stock Direct	3/28/2026	M · Option Exercise	+3.03K	—	—	23.9%	12.71K	15.74K
Citizens, Inc. Class A Common Stock Direct	3/28/2026	F · Tax Withholding	−1.07K	$4.58	$4.88K	6.8%	15.74K	14.68K
Total			+2.32K		-$2.89K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

3.03K shares

−3.03K

Strike price

Held after

3.04K

Exercisable

—

3/28/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock3.03K shares	3/28/2026	M · Option Exercise	−3.03K		—	3.04K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.71K

Shares owned

2.71K

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

6.59K

Shares owned

6.59K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

15.07K

Owned

15.07K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Class A Common Stock	—	—	2.71K	2.71K
Restricted Stock Units Direct	Class A Common Stock	—	—	5.77K	5.77K
Restricted Stock Units Direct	Class A Common Stock	—	—	6.59K	6.59K
Total				15.07K	15.07K