CITIZENS, INC. — Director's Dealing 2022

Jul 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2022-04-08

Reporting Person: Kinlaw Sheryl L (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-08	Citizens, Inc. Class A Common Stock	L	115.358	$4.30	Acquired	1279.7057	Direct
2022-05-06	Citizens, Inc. Class A Common Stock	L	198.7194	$2.49	Acquired	1478.4251	Direct
2022-06-10	Citizens, Inc. Class A Common Stock	L	128.2341	$3.85	Acquired	1606.6592	Direct
2022-07-01	Citizens, Inc. Class A Common Stock	M	8000	—	Acquired	9606.6592	Direct
2022-07-01	Citizens, Inc. Class A Common Stock	F	1948	$4.14	Disposed	7658.6592	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-01	Restricted Stock Units	$	M	8000	Disposed		Class A Common Stock (8000.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (9513.0)	9513	Direct

Footnotes

F1: These shares were purchased through the Citizens, Inc. Stock Investment Plan as part of regular monthly payroll deduction.

F2: Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.

F3: Vesting is 1/3 on the first anniversary of the date of the grant (July 1, 2022), 1/3 on the second anniversary of the grant (July 1, 2023) and 1/3 on the third anniversary of the grant (July 1, 2024).

F4: On March 31, 2022, 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 31, 2023) and the second anniversary of the date of the grant (March 31, 2024) and the third anniversary of the date of the grant (March 31, 2025).