[144] South Plains Financial, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice from an insider of South Plains Financial, Inc. (SPFI) reports a proposed sale of 60,000 shares of common stock through J.P. Morgan Securities LLC on 09/11/2025 on NASDAQ. The aggregate market value of the proposed sale is listed as $2,424,000.00 against 16,236,701 shares outstanding. The shares were acquired on 03/11/2019 as a result of a 29-for-1 stock dividend from the issuer. The filer reports no securities sold in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information.

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice documenting a planned sale; appears procedurally compliant and includes acquisition details.

The filing supplies the required disclosure elements under Rule 144: class of security, broker, number of shares, aggregate market value, outstanding shares, acquisition date and nature, and planned sale date. The declaration that no undisclosed material adverse information is known is present. There are no reported sales in the prior three months, which can affect aggregation rules. From a compliance perspective, the form meets the explicit content requirements.

Equity Market Analyst

TL;DR: A planned sale of 60,000 SPFI shares valued at $2.424M is noted; disclosure is informational, not a performance signal.

This notice documents a non-cash acquisition (stock dividend) and a scheduled broker-assisted disposal. The filing provides basic size and timing metrics relevant to liquidity considerations but contains no operational or financial performance data to assess impact on valuation. Absent further context on ownership stake or market float, the filing alone is neutral for investment analysis.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 390 Madison Avenue 6th Floor New York NY 1017	60000	2424000.00	16236701	09/11/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	03/11/2019	Shares received from Issuer as a result of a 29- for-1 stock dividend	Issuer			60000	03/11/2019	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the SPFI Form 144 disclose about the planned sale?

The notice discloses a proposed sale of 60,000 shares of SPFI common stock via J.P. Morgan Securities LLC on 09/11/2025 with an aggregate market value of $2,424,000.00.

When and how were the shares being sold acquired according to the filing?

The shares were acquired on 03/11/2019 as a result of a 29-for-1 stock dividend issued by the company.

Does the Form 144 report any securities sold by this person in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

On which exchange and through which broker will the SPFI shares be sold?

The planned sale is listed to occur on NASDAQ through J.P. Morgan Securities LLC.

What statement does the filer make about material nonpublic information?

By signing, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.