Jesse T. Correll - Dec 31, 2021 Form 4 Insider Report for UTG INC (UTGN)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Jill Martin, Attorney-in-Fact
Stock symbol: UTGN
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 4
Date filed: 1/4/2022, 04:17 PM
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UTGN	Common Stock	Gift	$0	-19	-0.03%	$0.00	54.8K	Jul 21, 2021	Direct
transaction	UTGN	Common Stock	Gift	$0	-1.04K	-0.5%	$0.00	205K	Jul 21, 2021	By First Southern Bancorp, Inc.	F3, F4
transaction	UTGN	Common Stock	Sale	$0	-701	-0.34%	$0.00	205K	Dec 31, 2021	By First Southern Bancorp, Inc.	F3, F5
holding	UTGN	Common Stock						400K	Dec 31, 2021	By First Southern Funding, LLC	F1
holding	UTGN	Common Stock						72.8K	Dec 31, 2021	By WCorrell, Limited Partnership	F2
holding	UTGN	Common Stock						1.2M	Dec 31, 2021	By First Southern Holdings, LLC	F6

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

Explanation of Responses:

Id	Content
F1	The reporting person is President and Manager of First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F2	The reporting person is the managing general partner of WCorrell, Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3	The reporting person is Chairman and President of First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4	This transaction is being reported to reflect a gift of First Southern Bancorp, Inc. shares by the reporting person. On July 21, 2021 the reporting person gifted 14,881 shares (0.51% of those outstanding) of First Southern Bancorp, Inc. The shares of UTG, Inc. reported as gifted represent 0.51% of the UTG shares owned by First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5	This transaction is being reported to reflect sales of First Southern Bancorp, Inc. shares by the reporting person. On December 31, 2021 the reporting person sold 24,670 shares (0.84% of those outstanding) at a price of $68.91 per First Southern Bancorp, Inc. share, decreasing his percentage ownership of First Southern Bancorp, Inc. by 0.34%. The shares of UTG, Inc. reported as sold represent 0.34% of the UTG shares owned by First Southern Bancorp, Inc. No separate price was stated for those shares. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F6	The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See note (3). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.