Davis Jerry 4

What Happened

• Jerry Davis, a director of Citizens, Inc. (CIA), made five small purchases of company stock through the company's Stock Investment Plan (payroll deductions). The purchases totaled about 1,820 shares for roughly $9,944 across transactions from January through May 2026. These were purchases (routine contributions), not sales.

Key Details

• Transactions:
  • 2026-01-30 — 354.798 shares @ $5.61 = $1,990
  • 2026-02-27 — 355.083 shares @ $5.60 = $1,988
  • 2026-04-07 — 367.205 shares @ $5.42 = $1,990
  • 2026-05-05 — 362.816 shares @ $5.48 = $1,988
  • 2026-05-29 — 380.100 shares @ $5.23 = $1,988
• Total: ~1,820.00 shares for ~$9,944.
• Shares owned following the transactions: not disclosed in the filing.
• Footnote: Purchases were made through the Citizens, Inc. Stock Investment Plan as regular monthly payroll deductions.
• Timeliness: The filing shows transactionTimeliness = "L" (late), meaning the Form 4 was submitted after the SEC’s typical two-business-day reporting window.

Context

• These are small, recurring payroll-plan purchases typical for directors/employees and often represent routine savings rather than a discrete investment bet. Payroll-deduction purchases are generally less informative about near-term insider sentiment than large, one-time open-market buys.
• The late filing reduces immediate transparency; it doesn’t change the nature of the trades, but timely reporting is preferred for investor monitoring.