CITIZENS, INC. — Director's Dealing 2024

Apr 2, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2024-01-05

Reporting Person: Kinlaw Sheryl L (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-01-05	Citizens, Inc. Class A Common Stock	L	173.863	$2.83	Acquired	19906.1487	Direct
2024-01-19	Citizens, Inc. Class A Common Stock	L	193.0423	$2.55	Acquired	20099.191	Direct
2024-02-09	Citizens, Inc. Class A Common Stock	L	177.862	$2.77	Acquired	20277.053	Direct
2024-02-23	Citizens, Inc. Class A Common Stock	L	182.6953	$2.70	Acquired	20459.7483	Direct
2024-03-08	Citizens, Inc. Class A Common Stock	L	200	$2.46	Acquired	20659.7483	Direct
2024-03-22	Citizens, Inc. Class A Common Stock	L	234.9043	$2.09	Acquired	20894.6526	Direct
2024-03-31	Citizens, Inc. Class A Common Stock	M	3171	—	Acquired	24065.6526	Direct
2024-03-31	Citizens, Inc. Class A Common Stock	F	744	$2.14	Disposed	23321.6526	Direct
2024-03-31	Citizens, Inc. Class A Common Stock	M	8535	—	Acquired	31856.6526	Direct
2024-03-31	Citizens, Inc. Class A Common Stock	F	2010	$2.14	Disposed	29846.6526	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-31	Restricted Stock Units	$	M	3171	Disposed		Class A Common Stock (3171)	Direct
2024-03-31	Restricted Stock Units	$	M	8535	Disposed		Class A Common Stock (8535)	Direct
2024-03-28	Restricted Stock Units	$	A	45518	Acquired		Class A Common Stock (45518)	Direct
2024-03-28	Restricted Stock Units	$	A	32710	Acquired		Class A Common Stock (32710)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (8000)	8000	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 March 31, 2022, the reporting person was granted an award of restricted stock units (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).

F4: 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).

F5: On March 28, 2024, the reporting person was granted an award of restricted stock units (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).

F6: 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).

F7: On July 1, 2021, the reporting person was granted an award of 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)