CITIZENS, INC. — Director's Dealing 2023

Jul 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2023-04-10

Reporting Person: Kinlaw Sheryl L (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-10	Citizens, Inc. Class A Common Stock	L	138.7124	$3.56	Acquired	11676.661	Direct
2023-05-05	Citizens, Inc. Class A Common Stock	L	265.1301	$1.85	Acquired	11941.7911	Direct
2023-06-09	Citizens, Inc. Class A Common Stock	L	216.3673	$2.27	Acquired	12158.1584	Direct
2023-07-01	Citizens, Inc. Class A Common Stock	M	8000	—	Acquired	20158.1584	Direct
2023-07-01	Citizens, Inc. Class A Common Stock	F	1948	$2.41	Disposed	18210.1584	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-01	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 (6342.0)	6342	Direct
Restricted Stock Units	$		Class A Common Stock (25606.0)	25606	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: On July 1, 2021, the reporting person was granted an award of restricted stock units, vesting in three equal annual installments on the first anniversary date of the grant (July 1, 2022) and the second anniversary date of the grant (July 1, 2023) and the third anniversary date 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).

F5: On March 31, 2023, 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, 2024) and the second anniversary of the date of the grant (March 31, 2025) and the third anniversary of the date of the grant (March 31, 2026).