CITIZENS, INC. — Director's Dealing 2024

Jul 2, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2024-04-05

Reporting Person: Kinlaw Sheryl L (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-04-05	Citizens, Inc. Class A Common Stock	L	230.554	$2.13	Acquired	30077.2066	Direct
2024-04-19	Citizens, Inc. Class A Common Stock	L	236.8017	$2.07	Acquired	30314.0083	Direct
2024-05-10	Citizens, Inc. Class A Common Stock	L	200.8041	$2.45	Acquired	30514.8124	Direct
2024-05-24	Citizens, Inc. Class A Common Stock	L	175.6765	$2.80	Acquired	30690.4889	Direct
2024-06-07	Citizens, Inc. Class A Common Stock	L	167.6792	$2.94	Acquired	30858.1681	Direct
2024-06-21	Citizens, Inc. Class A Common Stock	L	161.9614	$3.04	Acquired	31020.1295	Direct
2024-07-01	Citizens, Inc. Class A Common Stock	M	8000	—	Acquired	39020.1295	Direct
2024-07-01	Citizens, Inc. Class A Common Stock	F	1948	$2.87	Disposed	37072.1295	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-07-01	Restricted Stock Units	$	M	8000	Disposed		Class A Common Stock (8000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (3171)	3171	Direct
Restricted Stock Units	$		Class A Common Stock (17071)	17071	Direct
Restricted Stock Units	$		Class A Common Stock (45518)	45518	Direct
Restricted Stock Units	$		Class A Common Stock (32710)	32710	Direct

Footnotes

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

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 (RSUs), 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 RSUs, 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 RSUs, 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).

F6: On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for 2023 pay-for-performance. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).

F7: On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for 2024 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 28, 2025) and the second anniversary of the date of the grant (March 28, 2026) and the third anniversary of the date of the grant (March 28, 2027).