Form 4 for SPFI SOUTH PLAINS FINANCIAL, INC.

Accepted 2025-03-12 00:00:00 ET · period of report 2025-03-10 · accession 0001775195-25-000006 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2025-03-12	2025-03-10	SPFI	Griffith Curtis C	COB, CEO, Dir	D - Sale to Iss	$33.00	-250.0K	557.2K	-31%	-$8.25M
	2025-03-12	2025-03-10	SPFI	Griffith Curtis C	COB, CEO, Dir	S - Sale	$33.00	-100.0K	457.2K	-18%	-$3.30M

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2025-03-10	D	D	250,000	$33.00	557,240	D	—	—	(F1) Reflects shares repurchased by the Issuer from the Reporting Person in a privately negotiated transaction under the Issuer's previously-announced stock repurchase program, pursuant to which the Issuer may repurchase up to $15.0 million of its shares of common stock from time to time through various means, including open market purchases and privately negotiated transactions. The shares were sold to provide liquidity to the Reporting Person for investment in his agricultural-related businesses in order to meet the businesses' capital needs over the medium-term. (F2) The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions.
2	Common	Common Stock	2025-03-10	S	D	100,000	$33.00	457,240	D	—	—	(F3) Shares sold to Noe G. Valles, a director of the Issuer, in a private transaction. (F2) The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions.