Brent A. Bates - Nov 5, 2024 Form 3 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role: CCO - City Bank
Signature: /s/ By Mikella D. Newsom as Attorney-in-Fact for Brent A. Bates
Stock symbol: SPFI
Transactions as of: Nov 5, 2024
Transactions value $: $0
Form type: 3
Date filed: 11/13/2024, 04:36 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SPFI	Common Stock						9.5K	Nov 5, 2024	Direct	F1

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
holding	SPFI	Stock Options (Right to Buy)							Nov 5, 2024	Common Stock	14.5K	$20.93	Direct	F2
holding	SPFI	Stock Options (Right to Buy)							Nov 5, 2024	Common Stock	11.5K	$19.62	Direct	F3

* 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	25% of the stock options vest on each of the first four anniversaries of January 1, 2020. Notwithstanding the foregoing, the stock options will automatically become fully vested upon the earlier of: (i) the Reporting Person's disability, (ii) the Reporting Person's death, and (iii) immediately prior to a change in control of the Issuer.
F3	25% of the stock options vest on each of the first four anniversaries of January 1, 2021. Notwithstanding the foregoing, the stock options will automatically become fully vested upon the earlier of: (i) the Reporting Person's disability, (ii) the Reporting Person's death, and (iii) immediately prior to a change in control of the Issuer.