CITIZENS, INC. — Director's Dealing 2023

Jun 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2023-02-03

Reporting Person: Davis Jerry (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-03	Citizens, Inc. Class A Common Stock	L	673.3801	$2.94	Acquired	11852.2476	Direct
2023-03-03	Citizens, Inc. Class A Common Stock	L	661.2275	$2.99	Acquired	12513.4751	Direct
2023-04-03	Citizens, Inc. Class A Common Stock	L	558.3547	$3.55	Acquired	13071.8298	Direct
2023-05-05	Citizens, Inc. Class A Common Stock	L	1114.5766	$1.76	Acquired	14186.4064	Direct
2023-06-07	Citizens, Inc. Class A Common Stock	M	8333	—	Acquired	22519.4064	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-06	Restricted Stock Units	$	A	18182	Acquired		Class A Common Stock (18182.0)	Direct
2023-06-07	Restricted Stock Units	$	M	8333	Disposed		Class A Common Stock (8333.0)	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 June 6, 2023, the reporting person was granted 18,182 restricted stock units, vesting on June 6, 2024.

F4: On June 7, 2022, the reporting person was granted 8,333 restricted stock units, vesting on June 7, 2023.