South Plains Financial (SPFI) director adds 623 shares in open-market buy

Rhea-AI Filing Summary

South Plains Financial director Noe G. Valles reported an open-market purchase of 623 shares of Common Stock on May 20, 2026. After this transaction, he directly holds a total of 487,757 shares, indicating a modest increase in his personal stake in the company.

Insider Trade Summary

1 transaction reported

Net Buy 1 txn

Insider Valles Noe G

Role null

Bought 623 shs ($0.00)

Type	Security	Shares	Price	Value
Purchase	Common Stock	623	$0.00	--

Holdings After Transaction: Common Stock — 487,757 shares (Direct, null)

Footnotes (1)

Key Figures

Shares purchased: 623 shares Total holdings after transaction: 487,757 shares Net buy shares: 623 shares

3 metrics

Shares purchased 623 shares Open-market purchase on May 20, 2026

Total holdings after transaction 487,757 shares Direct ownership following the purchase

Net buy shares 623 shares Net change across all reported transactions

Key Terms

open-market purchase, Common Stock, Form 4

3 terms

open-market purchase financial

"The transaction is classified as an open-market purchase of Common Stock."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Common Stock financial

"The filing reports an acquisition of South Plains Financial Common Stock."

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 regulatory

"The insider transaction was disclosed in a Form 4 filing."

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^*

Valles Noe G

(Last) (First) (Middle)

5219 CITY BANK PARKWAY

(Street)

LUBBOCK TEXAS 79407-3544

(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)
05/20/2026

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	05/20/2026		P		623	A	$0	487,757	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:

	/s/ By Mikella D. Newsom as Attorney-in-Fact for Noe G. Valles	05/22/2026
	** 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 transaction did SPFI director Noe G. Valles report?

Director Noe G. Valles reported buying 623 shares of South Plains Financial Common Stock. The transaction was filed on Form 4 as an open-market purchase, reflecting a small addition to his existing direct shareholdings in the company.

How many SPFI shares does Noe G. Valles own after this Form 4?

After the reported transaction, Noe G. Valles directly owns 487,757 shares of South Plains Financial Common Stock. This figure, disclosed in the Form 4, represents his total direct holdings immediately following the 623-share open-market purchase.

Was the SPFI insider transaction by Noe G. Valles a purchase or a sale?

The Form 4 shows that Noe G. Valles executed a purchase transaction. It is classified as an open-market purchase of 623 shares of South Plains Financial Common Stock, increasing his directly held position to 487,757 shares after the trade.

What type of security did Noe G. Valles acquire in the SPFI Form 4?

The filing specifies that Noe G. Valles acquired South Plains Financial Common Stock. The transaction involved buying 623 common shares in the open market, bringing his total direct ownership in this security class to 487,757 shares after completion.

Does the SPFI Form 4 show any derivative transactions for Noe G. Valles?

The Form 4 data reflects only a non-derivative transaction in Common Stock for Noe G. Valles. There are no listed option, warrant, or other derivative security transactions in this filing, and the derivative position summary is shown as empty.