CITIZENS, INC. — Director's Dealing 2021

Feb 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2021-01-29

Reporting Person: Conklin Jeffery P. (VP, CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-31	Citizens, Inc. Class A Common Stock	M	13223	—	Acquired	28869	Direct
2021-01-31	Citizens, Inc. Class A Common Stock	F	3220	$6.05	Disposed	25649	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-29	Restricted Stock Units	$	A	35448	Acquired		Class A Common Stock (35448)	Direct
2021-01-31	Restricted Stock Units	$	M	13223	Disposed		Class A Common Stock (13223)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (58108)	58108	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.

F2: Vesting is 1/3 on the first anniversary of the date of the grant (January 29, 2022), 1/3 on the second anniversary of the date of the grant (January 29, 2023) and 1/3 on the third anniversary of the date of the grant (January 29, 2024).

F3: On January 31, 2019, the reporting person was granted an award of restricted stock units, vesting in two equal annual installments on the first anniversary of the date of the grant (January 31, 2020) and the second anniversary of the date of the grant (January 31, 2021).

F4: On April 15, 2020, the reporting person was granted an award of restricted stock units, vesting in two equal annual installments on the first anniversary date of the grant (April 15, 2021) and on the second anniversary of the date of the grant (April 15, 2022).