South Plains (SPFI) director sells 14,936 shares in open-market trades

Rhea-AI Filing Summary

South Plains Financial director James D. Stein reported open-market sales of company stock. He sold 10,000 shares of Common Stock on May 8, 2026 at a weighted average price of $40.38 per share and 4,936 shares on May 11, 2026 at a weighted average price of $40.06. After these transactions, he directly holds 357,936 shares. The sales were executed through a broker-dealer in multiple trades each day and reported on an aggregate, weighted-average basis, with actual prices ranging from $40.00 to $40.75 per share.

Insider Trade Summary

Net Seller: 14,936 shares ($601,536)

Net Sell 2 txns

Insider Stein James D.

Role null

Sold 14,936 shs ($602K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,936	$40.06	$198K
Sale	Common Stock	10,000	$40.38	$404K

Holdings After Transaction: Common Stock — 357,936 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 $40.31 to $40.75 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 $40.36 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 8, 2026: 10,000 shares Shares sold May 11, 2026: 4,936 shares Total shares sold: 14,936 shares +5 more

8 metrics

Shares sold May 8, 2026 10,000 shares Open-market sale of Common Stock at weighted avg $40.38

Shares sold May 11, 2026 4,936 shares Open-market sale of Common Stock at weighted avg $40.06

Total shares sold 14,936 shares Aggregate of two open-market sales reported in this Form 4

Price range May 8, 2026 $40.31–$40.75 per share Multiple same-day trades through a broker-dealer

Price range May 11, 2026 $40.00–$40.36 per share Multiple same-day trades through a broker-dealer

Holdings after transactions 357,936 shares Directly held Common Stock after both sales

Weighted avg price May 8 $40.38 per share Reported weighted average for May 8 open-market sale

Weighted avg price May 11 $40.06 per share Reported weighted average for May 11 open-market sale

Key Terms

open-market sale, weighted average price, broker-dealer, Common Stock

4 terms

open-market sale financial

"transaction_action: open-market sale of Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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 sales"

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.

Common Stock financial

"security_title: Common Stock for both transactions"

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 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)
05/08/2026

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	05/08/2026		S		10,000	D	$40.38(1)	362,872	D
Common Stock	05/11/2026		S		4,936	D	$40.06(2)	357,936	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 $40.31 to $40.75 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 $40.36 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	05/12/2026
	** 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 SPFI director James D. Stein report?

James D. Stein reported two open-market sales of South Plains Financial (SPFI) Common Stock. He sold 10,000 shares on May 8, 2026 and 4,936 shares on May 11, 2026, for a total of 14,936 shares sold.

At what prices did James D. Stein sell SPFI shares?

Stein reported weighted average sale prices of $40.38 per share on May 8, 2026 and $40.06 per share on May 11, 2026. Actual trade prices ranged from $40.00 to $40.75 per share across multiple broker-executed transactions.

How many SPFI shares does James D. Stein hold after these sales?

After completing the reported transactions, Stein directly holds 357,936 shares of South Plains Financial Common Stock. This share count reflects his position following both open-market sales disclosed in the Form 4 filed for May 8 and May 11, 2026.

Were James D. Stein’s SPFI sales single trades or multiple executions?

The sales were executed as multiple same-day, same-way trades through a broker-dealer. Stein reported each day’s activity on an aggregate, weighted-average basis and noted that detailed trade-by-trade pricing is available upon request from regulatory staff or security holders.

What does a weighted average sale price mean in Stein’s SPFI Form 4?

The weighted average sale price represents the average price of several trades executed that day. For SPFI, Stein’s May 8 trades ranged from $40.31 to $40.75, and May 11 trades ranged from $40.00 to $40.36, with each day reported as a single averaged price.