Stenberg Jon 4

4 · CITIZENS, INC. · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Citizens (CIA) CEO Jon Stenberg Buys 50,000 Shares; RSUs Vest

What Happened

Jon Stenberg, President, CEO and a director of Citizens, Inc. (CIA), had 20,310 restricted stock units (RSUs) convert to common shares on March 28, 2026. Of those, 4,946 shares were surrendered to cover tax withholding (valued at $4.58 each, totaling $22,653). On March 30, 2026 he made an open-market purchase of 50,000 shares at $4.70 per share for $235,000. The RSU conversion is recorded as a derivative exercise/conversion; the share surrender is a tax-withholding event.

Key Details

Transaction dates and prices:
- 2026-03-28: RSU conversion/exercise (code M) of 20,310 shares (conversion value not applicable).
- 2026-03-28: Tax withholding (code F) — 4,946 shares withheld at $4.58 each = $22,653.
- 2026-03-30: Open-market purchase (code P) — 50,000 shares at $4.70 = $235,000.
Shares owned after the transactions: not specified in the filing excerpt.
Footnotes: RSUs came from prior grants (March 18 and March 28, 2024, and March 31, 2025) that vest in three equal annual installments; each RSU converts to one share upon vesting.
Filing: Form 4 filed 2026-03-31 reporting the March 28 and March 30 transactions — filed within the SEC’s normal 2-business-day window (timely).

Context

The March 28 entries reflect RSU vesting and standard tax-withholding via share surrender (not an open sale). The March 30 transaction is a straightforward open-market purchase, which many investors view as a more informative bullish signal than routine withholding. All items reported here are factual events disclosed in the Form 4; they do not state insider motivations.

Form 4

Period: 2026-03-28

DirectorPresident & CEO

Transactions

Exercise/Conversion
Citizens, Inc. Class A Common Stock
[F1]
2026-03-28+20,310→ 262,545 total
Tax Payment
Citizens, Inc. Class A Common Stock
2026-03-28$4.58/sh−4,946$22,653→ 257,599 total
Purchase
Citizens, Inc. Class A Common Stock
2026-03-30$4.70/sh+50,000$235,000→ 307,599 total
Exercise/Conversion
Restricted Stock Units
[F2][F1]
2026-03-28−20,310→ 20,309 total
→ Class A Common Stock (20,310 underlying)

Holdings

Citizens, Inc. Class A Common Stock
(indirect: By Spouse)
130,100
Restricted Stock Units
[F2][F3]
→ Class A Common Stock (45,249 underlying)
45,249
Restricted Stock Units
[F2][F4]
→ Class A Common Stock (39,560 underlying)
39,560

Footnotes (4)

[F1]On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2024 long-term incentive. 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).
[F2]Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.
[F3]On March 18, 2024, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary of the date of the grant (March 18, 2025) and the second anniversary of the date of the grant (March 18, 2026) and the third anniversary of the date of the grant (March 18, 2027).
[F4]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).

Signature

/s/Jon Stenberg|2026-03-31

1 file