Director at South Plains (NASDAQ: SPFI) sells 15,064 shares of stock

Rhea-AI Filing Summary

South Plains Financial director James D. Stein reported open-market sales of company stock. On May 18, he sold 13,504 shares of common stock at a weighted average price of $40.01 per share. On May 19, he sold an additional 1,560 shares at a weighted average price of $40.07 per share.

Both trades were executed through a broker-dealer and reflect multiple same-day sales aggregated for reporting. After these transactions, Stein directly held 342,872 shares of South Plains Financial common stock.

Insights

Equity compensation and insider-trading analyst

Director executes modest open-market sales while retaining a large stake.

Director James D. Stein sold a combined 15,064 shares of SOUTH PLAINS FINANCIAL, INC. common stock in open-market trades at weighted average prices near $40 per share. These are straightforward sales, not option exercises or tax withholdings.

Following the transactions, Stein still directly holds 342,872 shares, indicating he retains a substantial position. The footnotes explain that each day’s trades consisted of multiple executions reported on a weighted-average basis, a standard reporting practice. Overall, this looks like routine portfolio management rather than a thesis-changing event.

Insider Trade Summary

Net Seller: 15,064 shares ($602,804)

Net Sell 2 txns

Insider Stein James D.

Role null

Sold 15,064 shs ($603K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,560	$40.07	$63K
Sale	Common Stock	13,504	$40.01	$540K

Holdings After Transaction: Common Stock — 342,872 shares (Direct, null)

Footnotes (1)

1. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $40.00 to $40.05 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $40.00 to $40.19 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold May 18: 13,504 shares Shares sold May 19: 1,560 shares Total shares sold: 15,064 shares +3 more

6 metrics

Shares sold May 18 13,504 shares Open-market sale at weighted average $40.01

Shares sold May 19 1,560 shares Open-market sale at weighted average $40.07

Total shares sold 15,064 shares Combined May 18–19 open-market sales

Holding after transactions 342,872 shares Direct ownership after May 19 sale

Price range May 18 trades $40.00–$40.05 per share Multiple executions, weighted average $40.01

Price range May 19 trades $40.00–$40.19 per share Multiple executions, weighted average $40.07

Key Terms

open market sale, weighted average price, broker-dealer, Form 4

4 terms

open market sale financial

"Sale in open market or private transaction"

An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.

weighted average price financial

"reported these sales on an aggregate basis using the weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

broker-dealer financial

"executed a trade order through a broker-dealer which resulted in multiple same day"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Stein James D.

(Last) (First) (Middle)

5219 CITY BANK PARKWAY

(Street)

LUBBOCK TEXAS 79407

(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)
05/18/2026

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)

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	05/18/2026		S		13,504	D	$40.01(1)	344,432	D
Common Stock	05/19/2026		S		1,560	D	$40.07(2)	342,872	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:

1. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $40.00 to $40.05 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

2. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $40.00 to $40.19 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

	/s/ By Mikella D. Newsom as Attorney-in-Fact for James D. Stein	05/20/2026
	** 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 transactions did James D. Stein report for SOUTH PLAINS FINANCIAL (SPFI)?

James D. Stein reported two open-market sales of SOUTH PLAINS FINANCIAL common stock, totaling 15,064 shares. The trades occurred on May 18 and May 19 at weighted average prices slightly above $40 per share, executed through a broker-dealer.

How many SOUTH PLAINS FINANCIAL (SPFI) shares did James D. Stein sell and at what prices?

He sold 13,504 shares on May 18 at a weighted average of $40.01 and 1,560 shares on May 19 at a weighted average of $40.07. Both transactions were reported as aggregated open-market sales.

How many SOUTH PLAINS FINANCIAL (SPFI) shares does James D. Stein hold after these sales?

After the reported transactions, James D. Stein directly holds 342,872 shares of SOUTH PLAINS FINANCIAL common stock. This remaining stake shows he continues to have a significant ownership position in the company despite the recent sales.

Were James D. Stein’s SOUTH PLAINS FINANCIAL (SPFI) trades single executions or aggregated?

The filing states each day’s activity involved multiple same-day, same-way open-market sales. Stein reported them on an aggregated basis using the weighted average price, with a commitment to provide detailed price breakdowns upon request.

What type of insider transaction code was used in James D. Stein’s SPFI Form 4?

Both transactions are coded “S”, which the filing describes as sales in open market or private transactions. This confirms they were open-market dispositions of common stock, not grants, option exercises, gifts, or tax-related withholdings.