South Plains Financial (SPFI) updates insider Form 4 filing details

Rhea-AI Filing Summary

South Plains Financial, Inc. insider Mikella D. Newsom, Chief Risk Officer & Secretary, filed an amended Form 4 for transactions dated 12/31/2025. The amendment corrects a prior filing that had inadvertently checked the box indicating the trades were made under a Rule 10b5-1(c) trading plan.

On 12/31/2025, stock options with a $8.6 exercise price to acquire 3,000 shares of common stock were exercised for her account and 3,000 shares for her spouse’s account. In connection with these exercises, 1,224 shares were disposed of at $39.61 in each account, reported with code "F" as shares withheld for taxes.

After these transactions, she beneficially owned 48,292 shares directly and 24,625 shares indirectly through her spouse. The directly owned amount includes restricted stock units that can only be settled in an equal number of common shares and are subject to vesting and forfeiture conditions.

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
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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^*

Newsom Mikella D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer & Secretary

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	49,516(1)	D
Common Stock	12/31/2025		F		1,224	D	$39.61	48,292	D
Common Stock	12/31/2025		M		3,000	A	$8.6	25,849(1)	I	By Spouse(2)
Common Stock	12/31/2025		F		1,224	D	$39.61	24,625	I	By Spouse(2)

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	(3)	12/31/2025	Common Stock	3,000	$0	0	D
Stock Options (Right to Buy)	$8.6	12/31/2025		M			3,000	(3)	12/31/2025	Common Stock	3,000	$0	0	I	By Spouse(4)

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, who is also an employee of the Issuer.

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

4. Stock options held by the Reporting Person's spouse, who is also an employee of the Issuer.

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/ Mikella D. Newsom	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.
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.

FAQ

What does the amended Form 4 for SPFI disclose?

The amended Form 4 for South Plains Financial, Inc. (SPFI) reports option exercises and related share withholding transactions on 12/31/2025 by officer Mikella D. Newsom and her spouse, and corrects an error about use of a Rule 10b5-1(c) trading plan.

Who is the insider reporting these SPFI transactions?

The reporting person is Mikella D. Newsom, who serves as Chief Risk Officer & Secretary of South Plains Financial, Inc. The form is filed for one reporting person.

What stock option exercises were reported for SPFI on 12/31/2025?

The filing shows exercises of stock options (right to buy) with a $8.6 exercise price covering 3,000 shares of SPFI common stock for the reporting person and 3,000 shares for her spouse.

Why were some SPFI shares reported as disposed of at $39.61?

The filing reports dispositions coded "F" of 1,224 shares at $39.61 for the reporting person and 1,224 shares for her spouse. This code indicates shares were withheld to satisfy tax obligations related to equity awards.

How many SPFI shares does Mikella D. Newsom beneficially own after these transactions?

Following the reported transactions, Mikella D. Newsom beneficially owns 48,292 shares of SPFI common stock directly and 24,625 shares indirectly through her spouse.

What is the role of restricted stock units in the SPFI Form 4/A?

The filing explains that the reported direct holdings include restricted stock units that may be settled only by delivery of an equal number of SPFI common shares and are subject to vesting and forfeiture conditions.

What specific correction does this SPFI Form 4/A make?

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