Stenberg Jon 4

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.