South Plains Financial (SPFI) director receives 623-share stock grant

Rhea-AI Filing Summary

South Plains Financial, Inc. director Noe G. Valles reported receiving a grant of 623 shares of Common Stock on May 20, 2026 at a price of $0.00 per share, reflecting a stock award rather than a market purchase. After this compensation-related acquisition, he directly holds 487,757 shares of the company’s common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Valles Noe G

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	623	$0.00	--

Holdings After Transaction: Common Stock — 487,757 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 623 shares Grant price: $0.00 per share Shares held after transaction: 487,757 shares +1 more

4 metrics

Shares granted 623 shares Common Stock grant on May 20, 2026

Grant price $0.00 per share Price for 623-share grant on May 20, 2026

Shares held after transaction 487,757 shares Direct Common Stock holdings after grant

Transaction code A (grant, award, or other acquisition) Characterization of the 623-share transaction

Key Terms

Grant, award, or other acquisition, Common Stock, Form 4/A

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4/A regulatory

"Form type indicated as 4/A in metadata"

Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Valles Noe G

(Last) (First) (Middle)

5219 CITY BANK PARKWAY

(Street)

LUBBOCK TEXAS 79407-3544

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SOUTH PLAINS FINANCIAL, INC. [ SPFI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/22/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		A		623	A	$0	487,757	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

This Amendment on Form 4/A has been filed to amend the Form 4 filed on May 22, 2026, which included an inadvertent error in that Transaction Code "P" in Box 3 of Table I was selected. This Amendment correctly discloses Transaction Code "A".

	/s/ By Mikella D. Newsom as Attorney-in-Fact for Noe G. Valles	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did South Plains Financial (SPFI) report for Noe G. Valles?

South Plains Financial reported that director Noe G. Valles received a grant of 623 shares of Common Stock on May 20, 2026, at a price of $0.00 per share. This was recorded as a grant, award, or other acquisition, not an open-market trade.

How many South Plains Financial shares does Noe G. Valles hold after this Form 4/A?

After the reported transaction, Noe G. Valles directly holds 487,757 shares of South Plains Financial Common Stock. This figure reflects his position following the 623-share grant reported as a grant, award, or other acquisition on May 20, 2026.

Was the South Plains Financial Form 4/A transaction a stock purchase or a grant?

The Form 4/A shows a stock grant, not a market purchase. The transaction code is “A,” described as a grant, award, or other acquisition, with 623 shares received at $0.00 per share, indicating compensation-related issuance rather than an open-market buy.

Did Noe G. Valles buy or sell any South Plains Financial shares in this filing?

The filing does not report any open-market buys or sells. It shows a single acquisition coded as a grant, award, or other acquisition of 623 Common Stock shares at $0.00 per share, leaving his direct holdings at 487,757 shares after the transaction.

Is the reported South Plains Financial transaction a direct or indirect holding for Noe G. Valles?

The transaction is reported as a direct holding for Noe G. Valles. The ownership code is listed as “D,” indicating direct ownership of the granted 623 shares and the resulting total of 487,757 shares of Common Stock.