Curtis C. Griffith - Nov 7, 2023 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ By Mikella D. Newsom as Attorney-in-Fact for Curtis C. Griffith
Stock symbol
SPFI
Transactions as of
Nov 7, 2023
Transactions value $
-$2,630,000
Form type
4
Date filed
11/9/2023, 05:25 PM
Previous filing
Sep 6, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPFI Common Stock Disposed to Issuer -$2.63M -100K -7% $26.30 1.33M Nov 7, 2023 Direct F1, F2
holding SPFI Common Stock 45.4K Nov 7, 2023 By Spouse F3
holding SPFI Common Stock 435K Nov 7, 2023 By CCG Trust F4
holding SPFI Common Stock 64K Nov 7, 2023 By RTW Trust F5
holding SPFI Common Stock 87K Nov 7, 2023 By BLW Trust F6
holding SPFI Common Stock 87K Nov 7, 2023 By WHW Trust F7
holding SPFI Common Stock 87K Nov 7, 2023 By SSG Trust F8
holding SPFI Common Stock 87K Nov 7, 2023 By JBG Trust F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were sold to provide liquidity to Mr. Griffith for investment in his agricultural-related businesses, some of which he has owned for over fifty years.
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 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.