Curtis C. Griffith - Mar 10, 2025 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Signature
/s/ By Mikella D. Newsom as Attorney-in-Fact for Curtis C. Griffith
Stock symbol
SPFI
Transactions as of
Mar 10, 2025
Transactions value $
-$11,550,000
Form type
4
Date filed
3/12/2025, 07:37 PM
Previous filing
Feb 20, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPFI Common Stock Disposed to Issuer -$8.25M -250K -30.97% $33.00 557K Mar 10, 2025 Direct F1, F2
transaction SPFI Common Stock Sale -$3.3M -100K -17.95% $33.00 457K Mar 10, 2025 Direct F2, F3
holding SPFI Common Stock 45.4K Mar 10, 2025 By Spouse F4
holding SPFI Common Stock 435K Mar 10, 2025 By CCG Trust F5
holding SPFI Common Stock 64K Mar 10, 2025 By RTW Trust F6
holding SPFI Common Stock 87K Mar 10, 2025 By BLW Trust F7
holding SPFI Common Stock 87K Mar 10, 2025 By WHW Trust F8
holding SPFI Common Stock 87K Mar 10, 2025 By SSG Trust F9
holding SPFI Common Stock 87K Mar 10, 2025 By JBG Trust F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F3 Shares sold to Noe G. Valles, a director of the Issuer, in a private transaction.
F4 Shares owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F5 Shares held in the Curtis C. Griffith 2021 Irrevocable Trust ("CCG Trust"), over which the Reporting Person's spouse, who shares the Reporting Person's household, serves as trustee. The members of the Reporting Person's immediate family are the beneficiaries of this trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F6 Shares held in the Richard Thomas White 2021 Trust ("RTW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F7 Shares held in the Birdie Lucille White 2021 Trust ("BLW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F8 Shares held in the William Hogan White 2021 Trust ("WHW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F9 Shares held in the Sydney Suzanne Griffith 2021 Trust ("SSG Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F10 Shares held in the Johnathan Brockway Griffith 2021 Trust ("JBG Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.