CITIZENS, INC. — Director's Dealing 2025

Apr 1, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS, INC. (CIA)
CIK: 0000024090
Period of Report: 2025-01-03

Reporting Person: Waite Harvey J. (Chief Actuary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-03	Citizens, Inc. Class A Common Stock	L	530.8426	$4.68	Acquired	52397.5841	Direct
2025-01-31	Citizens, Inc. Class A Common Stock	L	497.1868	$5	Acquired	52894.7709	Direct
2025-02-28	Citizens, Inc. Class A Common Stock	L	496.9228	$5	Acquired	53391.6937	Direct
2025-03-28	Citizens, Inc. Class A Common Stock	M	15070	—	Acquired	68461.6937	Direct
2025-03-28	Citizens, Inc. Class A Common Stock	F	4293	$4.66	Disposed	64168.6937	Direct
2025-03-28	Citizens, Inc. Class A Common Stock	M	6853	—	Acquired	71021.6937	Direct
2025-03-28	Citizens, Inc. Class A Common Stock	F	1952	$4.66	Disposed	69069.6937	Direct
2025-03-31	Citizens, Inc. Class A Common Stock	M	5688	—	Acquired	74757.6937	Direct
2025-03-31	Citizens, Inc. Class A Common Stock	F	1621	$4.55	Disposed	73136.6937	Direct
2025-03-31	Citizens, Inc. Class A Common Stock	M	7762	—	Acquired	80898.6937	Direct
2025-03-31	Citizens, Inc. Class A Common Stock	F	2212	$4.55	Disposed	78686.6937	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-28	Restricted Stock Units	$	M	15070	Disposed		Class A Common Stock (15070)	Direct
2025-03-28	Restricted Stock Units	$	M	6853	Disposed		Class A Common Stock (6853)	Direct
2025-03-31	Restricted Stock Units	$	M	5688	Disposed		Class A Common Stock (5688)	Direct
2025-03-31	Restricted Stock Units	$	M	7762	Disposed		Class A Common Stock (7762)	Direct
2025-03-31	Restricted Stock Units	$	A	9670	Acquired		Class A Common Stock (9670)	Direct

Footnotes

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

F2: 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).

F3: On March 28, 2024, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 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).

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).

F6: Each restricted stock unit represents a contingent right to receive one share of Citizens, Inc. Class A common stock.

F7: On March 31, 2025, the reporting person was granted an award of RSUs under the Citizens, Inc. Omnibus Incentive Plan for the 2025 long-term incentive. The RSUs vest in three equal annual installments on the first anniversary of the date of the grant (March 31, 2026) an dthe second anniversary of the date of the grant (March 31, 2027) and the third anniversary of the date of the grant (March 31, 2028).