Curtis C. Griffith - Dec 31, 2021 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ By Mikella D. Newsom as Attorney-in-Fact for Curtis C. Griffith
Stock symbol
SPFI
Transactions as of
Dec 31, 2021
Transactions value $
-$37,056
Form type
4
Date filed
1/5/2022, 05:11 PM
Next filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPFI Common Stock Gift $0 -870K -36.41% $0.00 1.52M Dec 16, 2021 Direct F1
transaction SPFI Common Stock Options Exercise $99.3K +9K +0.59% $11.03 1.53M Dec 31, 2021 Direct
transaction SPFI Common Stock Tax liability -$136K -4.88K -0.32% $27.93 1.52M Dec 31, 2021 Direct
holding SPFI Common Stock 99.8K Dec 31, 2021 By ESOP F2
holding SPFI Common Stock 151 Dec 31, 2021 By 401(k) F3
holding SPFI Common Stock 435K Dec 31, 2021 By CCG Trust F4
holding SPFI Common Stock 87K Dec 31, 2021 By RTW Trust F5
holding SPFI Common Stock 87K Dec 31, 2021 By BLW Trust F6
holding SPFI Common Stock 87K Dec 31, 2021 By WHW Trust F7
holding SPFI Common Stock 87K Dec 31, 2021 By SSG Trust F8
holding SPFI Common Stock 87K Dec 31, 2021 By JBG Trust F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPFI Stock Options (Right to Buy) Options Exercise $0 -9K -100% $0.00* 0 Dec 31, 2021 Common Stock 9K $11.03 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 12/16/21 the Reporting Person ("RP") gifted 435,000 shares to the Curtis C. Griffith 2021 Irrevocable Trust (RP's spouse serves as trustee) and also gifted 435,000 shares to RP's spouse, who immediately gifted such shares to various family trusts. RP serves as trustee of such family trusts and RP and members of his immediate family are beneficiaries of such trusts.
F2 Shares held by the South Plain Financial, Inc. Employee Stock Option Ownership Plan ("ESOP") and allocated to the Reporting Person's account.
F3 Shares held in the Reporting Person's account under the City Bank 401(k) Plan.
F4 Shares held in the Curtis C. Griffith 2021 Irrevocable Trust, over which the Reporting Person's Spouse, who shares the Reporting Person's household, serves as trustee. The members of the Reporting Person's immediate family are the beneficiaries of this trust.
F5 Shares held in the Richard Thomas White 2021 Trust, over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F6 Shares held in the Birdie Lucille White 2021 Trust, over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F7 Shares held in the William Hogan White 2021 Trust, over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F8 Shares held in the Sydney Suzanne Griffith 2021 Trust, over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F9 Shares held in the Johnathan Brockway Griffith 2021 Trust, over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F10 These were fully exercisable on date of grant.

Remarks:

Shares acquired and disposed of by the Reporting Person on 12/31/2021 are being reported late due to administrative error.