1 unchanged sentence
Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: During the three months ended June 30, 2022, the Company issued 16,118 shares of its Class A common stock which were not registered under the Securities Act of 1933, as amended (the "Unregistered Shares").
+Added: During the three months ended September 30, 2022, the Company issued 5,673 shares of its Class A common stock which were not registered under the Securities Act of 1933, as amended (the "Unregistered Shares").
The Unregistered Shares were all issued to policyholders residing in Venezuela and all of whom had purchased shares of the Company's Class A common stock through the Company’s Stock Investment Plan (“the Venezuelan Shareholders”).
The Venezuelan Shareholders were victims of identity fraud that resulted in 23,051.2252 shares being fraudulently sold via the Company’s transfer agent, Computershare.
−Removed: The Company and Computershare investigated the fraud and obtained affidavits from each of the Venezuelan Shareholders wherein such persons swore that they did not authorize the sale of the shares nor did they receive any proceeds from such sales.
+Added: The Company and Computershare investigated the fraud and obtained affidavits from each of the Venezuelan Shareholders wherein such persons swore that they neither authorize the sale of the shares nor did they receive any proceeds from such sales.
Based upon the evidence collected by Computershare and the Company, the Company's board authorized an offering pursuant to which the Company will issue up to 23,051.2252 shares of its Class A common stock to the Venezuelan Shareholders, at a purchase price of $0.01 USD per share.
(a) Securities sold.
−Removed: The Company sold 12,811 shares on May 9, 2022 and 3,307 shares on June 7, 2022.
+Added: The Company sold 5,673 shares on August 3, 2022.
(b) Underwriters and other purchasers.
13 unchanged sentences
This program has no set termination date and may be
−Removed: June 30, 2022 | 10-Q 51
+Added: September 30, 2022 | 10-Q 54
CITIZENS, INC.
suspended or discontinued by the Company’s Board of Directors at any time.
−Removed: The Company purchased the following shares of its Class A common stock during the three months ended June 30, 2022.
+Added: The Company purchased the following shares of its Class A common stock during the three months ended September 30, 2022.
Period Total Number of Shares Purchased
2 unchanged sentences
Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs [2]
−Removed: April 2022 — $ — —
−Removed: May 2022 301,708 3.3140 301,708
−Removed: June 2022 90,375 3.3205 90,375
+Added: July 2022 147,452 $ 3.9571 147,452
+Added: August 2022 76,123 3.9412 76,123
+Added: September 2022 — — —
Total 223,575 223,575 $ 5,800,000
2 unchanged sentences
[3] The stock repurchase program does not have an expiration date.
−Removed: [4] No stock repurchase program has expired during the three months ended June 30, 2022.
+Added: [4] No stock repurchase program has expired during the three months ended September 30, 2022.
[5] There is no stock repurchase program that the Company has determined to terminate prior to expiration, or under which the Company does not intend to make further purchases.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.