Thomas A. Blackwell - Jun 20, 2023 Form 4 Insider Report for National Western Life Group, Inc. (NWLI)

Role: Director
Signature: Thomas A. Blackwell
Stock symbol: NWLI
Transactions as of: Jun 20, 2023
Transactions value $: -$142,616
Form type: 4
Date filed: 6/21/2023, 03:04 PM
Previous filing: Dec 16, 2022
Next filing: Jun 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWLI	Class A Common Stock	Options Exercise	$0	+371	+74.2%	$0.00	871	Jun 20, 2023	Direct	F1
transaction	NWLI	Class A Common Stock	Options Exercise	-$143K	-371	-42.59%	$384.41	500	Jun 20, 2023	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	NWLI	Restricted Stock Units	Options Exercise	$0	+371		$0.00^*	0	Jun 20, 2023	Class A Common Stock	371		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive the cash value of one share of NWLIC Class A common stock based on the 20 day average of the Class A common stock leading up to and including the date exercisable.
F2	Each restricted stock unit represents a contingent right to receive, with no additional consideration payable, the cash value of one share of NWLI Class A common stock on the Date Exercisable.