South Plains Financial director sells 160K shares
South Plains Financial director Richard D. Campbell reported indirect open-market sales totaling 160,000 shares of common stock on August 3–4, 2026, at weighted-average prices of $44.75 and $45.14 per share.
Rhea-AI Filing Summary
South Plains Financial director Richard D. Campbell reported indirect open-market sales totaling 160,000 shares of common stock on August 3–4, 2026, at weighted-average prices of $44.75 and $45.14 per share. Footnotes state the underlying trades ranged from $44.60–$45.57 per share and were aggregated for reporting. The sales were executed by Henry TAW LP, whose shares are subject to a voting agreement and irrevocable proxy giving Campbell voting authority. He also reports holdings of 10,384 shares directly and 40,000 shares indirectly through Racham Investment Group LLC. These transactions were not reported as being under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
Net Seller: 160,000 shares
Net Sell
4 txns
Insider
Campbell Richard D
Role
Director
Sold
160,000 shs ($7.17M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F2 | 27,286 | $45.14 | $1.23M |
| Sale | Common Stock F1, F2 | 132,714 | $44.75 | $5.94M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,384,969 shares (Indirect, By Henry TAW LP);
Common Stock — 10,384 shares (Direct);
Common Stock — 40,000 shares (Indirect, By RIG LLC)
Footnotes (4)
- F1. 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 $44.60 to $45.57 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.
- F2. Shares owned by Henry TAW LP but subject to a voting agreement and irrevocable proxy pursuant to which Mr. Campbell exercises voting authority.
- F3. 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 $44.99 to $45.50 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.
- F4. Shares owned by Racham Investment Group LLC ("RIG LLC").
Key Figures
Shares sold on August 3, 2026: 132,714 shares
Shares sold on August 4, 2026: 27,286 shares
Total shares sold: 160,000 shares
+4 more
7 metrics
Shares sold on August 3, 2026
132,714 shares
Indirect open-market sale of common stock at weighted-average price of $44.75 per share
Shares sold on August 4, 2026
27,286 shares
Indirect open-market sale of common stock at weighted-average price of $45.14 per share
Total shares sold
160,000 shares
Aggregate of indirect common stock sales reported across two transactions
Price range August 3 trades
$44.60–$45.57 per share
Multiple same-day, same-way open-market sales aggregated into a weighted-average price
Price range August 4 trades
$44.99–$45.50 per share
Multiple same-day, same-way open-market sales aggregated into a weighted-average price
Direct holdings after transactions
10,384 shares
Common stock held directly by Richard D. Campbell as of August 3, 2026
Indirect holdings via RIG LLC
40,000 shares
Common stock held indirectly through Racham Investment Group LLC as of August 3, 2026
Key Terms
open market sales, weighted average price, voting agreement, irrevocable proxy, +1 more
5 terms
open market sales financial
"multiple same day, same way open market sales, with prices ranging"
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.
voting agreement regulatory
"Shares owned by Henry TAW LP but subject to a voting agreement"
A voting agreement is a legally binding pact in which shareholders promise to cast their votes the same way on certain corporate matters, such as electing directors or approving a merger. It matters to investors because it changes who controls company decisions and makes outcomes more predictable—like a group of neighbors agreeing in advance to vote the same way on a community rule, it can strengthen or limit the influence of other shareholders and affect the company’s future direction.
irrevocable proxy regulatory
"subject to a voting agreement and irrevocable proxy pursuant to which"
An irrevocable proxy is a legal authorization in which a shareholder gives another person or entity the permanent right to vote their shares and cannot later take that voting permission back. It matters to investors because it locks who controls voting power on key issues—like board elections, mergers, or major policy changes—so it can change corporate control and influence the value or direction of an investment much like handing someone an unchangeable voting card.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By Henry TAW LP""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Richard D. Campbell report for SPFI?
Richard D. Campbell reported indirect open-market sales of 160,000 shares of South Plains Financial common stock on August 3–4, 2026, executed through a broker-dealer and reported using weighted-average prices for multiple same-day trades aggregated into two Form 4 line items.
Were the SPFI insider sales by Richard D. Campbell under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not marked, and the footnotes do not reference any trading plan. The reported August 3–4, 2026 open-market sales therefore are not described as being executed pursuant to a pre-arranged Rule 10b5-1 plan.
What South Plains Financial (SPFI) holdings does Campbell report after these transactions?
Campbell reports holdings of 10,384 shares of South Plains Financial common stock held directly, plus 40,000 shares held indirectly through Racham Investment Group LLC. The Form 4 does not specify the remaining position, if any, held through Henry TAW LP after the reported sales.
How were the SPFI sale prices on the Form 4 determined?
For each sale date, Campbell placed broker-dealer orders resulting in multiple open-market trades. The Form 4 reports a single weighted-average price per line, with footnotes clarifying that individual trades occurred within stated price ranges and that full price breakdowns are available upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
