Mikella D. Newsom - 31 Dec 2021 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role: Chief Risk Officer & Secretary
Signature: /s/ By Mikella D. Newsom
Issuer symbol: SPFI
Transactions as of: 31 Dec 2021
Net transactions value: -$12,074
Form type: 4
Filing time: 04 Jan 2022, 17:30:55 UTC
Previous filing: 04 Jan 2023
Next filing: 18 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPFI	Common Stock	Options Exercise	$76,185	+4,500	+89%	$16.93	9,550	31 Dec 2021	Direct
transaction	SPFI	Common Stock	Tax liability	$88,259	-3,160	-33%	$27.93	6,390	31 Dec 2021	Direct
holding	SPFI	Common Stock						14,237	31 Dec 2021	By ESOP	F1
holding	SPFI	Common Stock						93	31 Dec 2021	By 401(k)	F2

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	SPFI	Stock Options (Right to Buy)	Options Exercise	$0	-4,500	-100%	$0.000000^*	0	31 Dec 2021	Common Stock	4,500	$16.93	Direct

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

Explanation of Responses:

Id	Content
F1	Shares held by the South Plains Financial, Inc. Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account.
F2	Shares held in the Reporting Person's account under the City Bank 401(k) Plan.