FRANK A. KEATING - 29 Apr 2022 Form 4 Insider Report for CITIZENS, INC. (CIA)

Role: Director
Signature: /s/Sheryl Kinlaw, Attorney-in-Fact
Issuer symbol: CIA
Transactions as of: 29 Apr 2022
Net transactions value: +$995
Form type: 4
Filing time: 06 Jun 2022, 17:37:54 UTC
Previous filing: 04 Jun 2021
Next filing: 09 Jun 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	$995	+335	+7.3%	$2.97	4,926	29 Apr 2022	Direct	F1
transaction	CIA	Citizens, Inc. Class A Common Stock	Options Exercise		+2,023	+41%		6,949	02 Jun 2022	Direct	F2

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	Restricted Stock Units	Options Exercise	$0	-2,023	-100%	$0.000000^*	0	02 Jun 2022	Class A Common Stock	2,023		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 June 2, 2021, the reporting person was granted 2,023 restricted stock units, vesting on June 2, 2022.