CITIZENS, INC. — Director's Dealing 2022

Apr 19, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2022-04-15

Reporting Person: Mauldin Robert M III (VP, Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-15	Citizens, Inc. Class A Common Stock	M	23649	—	Acquired	70500	Direct
2022-04-15	Citizens, Inc. Class A Common Stock	F	6963	$4.26	Disposed	63537	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-15	Restricted Stock Units	$	M	23649	Disposed		Class A Common Stock (23649.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (22663.0)	22663	Direct
Restricted Stock Units	$		Class A Common Stock (18561.0)	18561	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 1/2 on the first anniversary of the date of the grant (April 15, 2021), 1/2 on the second anniversary of the date of the grant (April 15, 2022).

F3: On January 29, 2021, 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 (January 29, 2022) and the second anniversary of the date of the grant (January 29, 2023) and the third anniversary of the date of the grant (January 29, 2024). The amount shown in the table above reflects the unvested amounts.

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).