South Plains Financial (SPFI) CEO exercises options and corrects insider Form 4

Rhea-AI Filing Summary

South Plains Financial Chairman and CEO Curtis C. Griffith reported an option exercise and related share withholding, and then amended the prior report to correct a checkbox error. On 12/31/2025, he exercised 3,000 stock options at an exercise price of $8.60 per share, acquiring 3,000 shares of common stock. On the same date, 1,224 shares of common stock were disposed of at $39.61 per share in a transaction coded "F," reflecting shares withheld to cover taxes. Following these transactions, he directly held 459,016 shares of common stock, with additional indirect holdings reported in the name of his spouse and several 2021 family trusts. The amendment states it was filed solely to correct the inadvertent checking of the box indicating the transactions were made under a Rule 10b5-1(c) trading plan.

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

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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^*

Griffith Curtis C

(Last) (First) (Middle)

5219 CITY BANK PARKWAY

(Street)

LUBBOCK TX 79407-3544

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
01/05/2026

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

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

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	12/31/2025		M		3,000	A	$8.6	460,240(1)	D
Common Stock	12/31/2025		F		1,224	D	$39.61	459,016	D
Common Stock								45,360(2)	I	By Spouse
Common Stock								435,000(3)	I	By CCG Trust
Common Stock								64,000(4)	I	By RTW Trust
Common Stock								87,000(5)	I	By BLW Trust
Common Stock								87,000(6)	I	By WHW Trust
Common Stock								87,000(7)	I	By SSG Trust
Common Stock								87,000(8)	I	By JBG Trust

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
Stock Options (Right to Buy)	$8.6	12/31/2025		M			3,000	(9)	12/31/2025	Common Stock	3,000	$0	0	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. These were fully exercisable on date of grant to the Reporting Person.

Remarks:

This Amendment on Form 4/A has been filed to amend the Form 4 filed on January 5, 2026 to correct the inadvertent checking of the box indicating that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

	/s/ By Mikella D. Newsom as Attorney-in-Fact for Curtis C. Griffith	01/08/2026
	** 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.
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FAQ

What insider transaction did South Plains Financial (SPFI) report in this Form 4/A?

The filing reports that Chairman and CEO Curtis C. Griffith exercised 3,000 stock options for South Plains Financial common stock at an exercise price of $8.60 per share on 12/31/2025, acquiring 3,000 shares.

How many South Plains Financial (SPFI) shares were withheld for taxes in this filing?

The filing shows a transaction coded "F" in which 1,224 shares of South Plains Financial common stock were disposed of at $39.61 per share, representing shares withheld to satisfy tax obligations.

How many South Plains Financial (SPFI) shares does the CEO hold directly after these transactions?

After the reported transactions, Curtis C. Griffith directly held 459,016 shares of South Plains Financial common stock.

What indirect holdings of South Plains Financial (SPFI) shares are reported for the CEO?

The filing lists indirect holdings including 45,360 shares owned by his spouse and shares held in several family trusts: 435,000 shares in the CCG Trust, 64,000 in the RTW Trust, and 87,000 shares each in the BLW, WHW, SSG, and JBG Trusts.

Does the South Plains Financial (SPFI) CEO claim full beneficial ownership of his spouse’s and CCG Trust shares?

No. The filing states that the CEO disclaims beneficial ownership of the shares owned by his spouse and the CCG Trust except to the extent of his pecuniary interest, and that filing the report is not an admission of beneficial ownership for Section 16 or any other purpose.

Why was this South Plains Financial (SPFI) Form 4/A amendment filed?

The amendment explains that it was filed to correct the inadvertent checking of the box indicating the transaction was made under a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

What happened to the CEO’s stock options reported in this South Plains Financial (SPFI) filing?

The filing shows that 3,000 stock options with an exercise price of $8.60 per share were exercised on 12/31/2025, resulting in 3,000 underlying shares, and that 0 derivative securities of this grant remained beneficially owned afterward.