Harvey J. Waite - 04 Mar 2022 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role: VP, Chief Actuary
Signature: /s/Harvey J. Waite
Issuer symbol: CIA
Transactions as of: 04 Mar 2022
Net transactions value: +$1,246
Form type: 4
Filing time: 04 Apr 2022, 15:32:59 UTC
Previous filing: 01 Feb 2022
Next filing: 26 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIA	Citizens, Inc. Class A Common Stock	Small acquisition under Rule 16a-6	$1,246	+293	+8.8%	$4.26	3,620	04 Mar 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise	$0	+17,064		$0.000000	17,064	31 Mar 2022	Citizens, Inc. Class A Common Stock	17,064		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 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).