Mikella D. Newsom - Nov 15, 2024 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role
Chief Risk Officer & Secretary
Signature
/s/ Mikella D. Newsom
Stock symbol
SPFI
Transactions as of
Nov 15, 2024
Transactions value $
-$94
Form type
4
Date filed
11/19/2024, 09:31 PM
Previous filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPFI Common Stock Options Exercise $215K +13.5K +44.86% $16.00 43.5K Nov 15, 2024 Direct F1
transaction SPFI Common Stock Tax liability -$215K -5.55K -12.77% $38.80 37.9K Nov 15, 2024 Direct
transaction SPFI Common Stock Options Exercise $221K +10.5K +27.8% $20.93 48.4K Nov 15, 2024 Direct
transaction SPFI Common Stock Tax liability -$221K -5.69K -11.74% $38.80 42.8K Nov 15, 2024 Direct
transaction SPFI Common Stock Options Exercise $50.5K +3.16K +17.7% $16.00 21K Nov 15, 2024 By Spouse F1, F2
transaction SPFI Common Stock Tax liability -$50.6K -1.3K -6.21% $38.80 19.7K Nov 15, 2024 By Spouse F2
transaction SPFI Common Stock Options Exercise $43.2K +2.06K +10.47% $20.93 21.8K Nov 15, 2024 By Spouse F2
transaction SPFI Common Stock Tax liability -$43.2K -1.11K -5.12% $38.80 20.6K Nov 15, 2024 By Spouse 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 -13.5K -100% $0.00 0 Nov 15, 2024 Common Stock 13.5K $16.00 Direct F3
transaction SPFI Stock Options (Right to Buy) Options Exercise $0 -10.5K -100% $0.00 0 Nov 15, 2024 Common Stock 10.5K $20.93 Direct F4
transaction SPFI Stock Options (Right to Buy) Options Exercise $0 -3.16K -100% $0.00 0 Nov 15, 2024 Common Stock 3.16K $16.00 By Spouse F3, F5
transaction SPFI Stock Options (Right to Buy) Options Exercise $0 -2.06K -100% $0.00 0 Nov 15, 2024 Common Stock 2.06K $20.93 By Spouse F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Shares owned by the Reporting Person's spouse, who is also an employee of the Issuer.
F3 25% of the stock options vested and exercisable on each of the first four anniversaries of January 1, 2019.
F4 25% of the stock options vested and exercisable on each of the first four anniversaries of January 1, 2020.
F5 Stock options owned by the Reporting Person's spouse, who is also an employee of the Issuer.