CITIZENS, INC. — Director's Dealing 2023

Jan 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2023-01-29

Reporting Person: Waite Harvey J. (VP, Chief Actuary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-29	Citizens, Inc. Class A Common Stock	M	2698	—	Acquired	20899.2433	Direct
2023-01-29	Citizens, Inc. Class A Common Stock	F	912	$2.41	Disposed	19987.2433	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-29	Restricted Stock Units	$	M	2698	Disposed		Class A Common Stock (2698.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Citizens, Inc. Class A Common Stock	$		Citizens, Inc. Class A Common Stock (17064.0)	17064	Direct

Footnotes

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

F2: 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).

F3: 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).