Sec Form 4 Filing - Newsom Mikella D @ SOUTH PLAINS FINANCIAL, INC. - 2019-05-06

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Newsom Mikella D 2. Issuer Name and Ticker or Trading Symbol SOUTH PLAINS FINANCIAL, INC. [ SPFI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Risk Officer & Secretary (Last) (First) (Middle) 5219 CITY BANK PARKWAY 3. Date of Earliest Transaction (MM/DD/YY) 05/06/2019 (Street) LUBBOCK, TX79407-3544 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 12/31/2021 M 4,500 A $ 16.93 4,500 I By Spouse( 1 ) Common Stock 12/31/2021 F 3,160 D $ 27.93 1,340 I By Spouse( 1 ) Common Stock 03/15/2022 A 620 A $ 0 1,930 I By Spouse( 1 ) Common Stock 12/30/2022 M 4,500 A $ 19.05 6,460 I By Spouse( 1 ) Common Stock 12/30/2022 F 3,418 D $ 27.93 3,042 I By Spouse( 1 ) Common Stock 12/30/2022 M 4,500 A $ 19.05 12,955( 2 )( 3 ) D Common Stock 12/30/2022 F 3,418 D $ 27.93 9,537( 2 ) D Common Stock 14,388 I By ESOP( 4 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Stock Options (Right to Buy) $ 10.33 05/06/2019 A 3,000 ( 5 ) 12/31/2023 Common Stock 3,000 $ 0 3,000 I By Spouse( 6 ) Stock Options (Right to Buy) $ 5.88 05/06/2019 A 3,000 ( 5 ) 12/31/2024 Common Stock 3,000 $ 0 3,000 I By Spouse( 6 ) Stock Options (Right to Buy) $ 8.6 05/06/2019 A 3,000 ( 5 ) 12/31/2025 Common Stock 3,000 $ 0 3,000 I By Spouse( 6 ) Stock Options (Right to Buy) $ 10.93 05/06/2019 A 3,000 ( 5 ) 12/31/2026 Common Stock 3,000 $ 0 3,000 I By Spouse( 6 ) Stock Options (Right to Buy) $ 12.24 05/06/2019 A 3,000 ( 5 ) 12/31/2027 Common Stock 3,000 $ 0 3,000 I By Spouse( 6 ) Stock Options (Right to Buy) $ 13.88 05/06/2019 A 3,000 ( 5 ) 12/31/2028 Common Stock 3,000 $ 0 3,000 I By Spouse( 6 ) Stock Options (Right to Buy) $ 16.93 05/06/2019 A 4,500 ( 7 ) 12/31/2021 Common Stock 4,500 $ 0 4,500 I By Spouse( 6 ) Stock Options (Right to Buy) $ 19.05 05/06/2019 A 4,500 ( 7 ) 12/31/2022 Common Stock 4,500 $ 0 4,500 I By Spouse( 6 ) Stock Options (Right to Buy) $ 16 05/06/2019 A 3,158 ( 5 ) 08/21/2029 Common Stock 3,158 $ 0 3,158 I By Spouse( 6 ) Stock Options (Right to Buy) $ 20.93 05/06/2019 A 2,063 ( 5 ) 02/19/2030 Common Stock 2,063 $ 0 2,063 I By Spouse( 6 ) Stock Options (Right to Buy) $ 19.62 05/06/2019 A 2,064 ( 5 ) 02/24/2031 Common Stock 2,064 $ 0 2,064 I By Spouse( 6 ) Stock Options (Right to Buy) $ 16.93 12/31/2021 M 4,500 ( 7 ) 12/31/2021 Common Stock 4,500 $ 0 0 I By Spouse( 6 ) Stock Options (Right to Buy) $ 19.05 12/30/2022 M 4,500 ( 7 ) 12/31/2022 Common Stock 4,500 $ 0 0 I By Spouse( 6 ) Stock Options (Right to Buy) $ 19.05 12/30/2022 M 4,500 ( 7 ) 12/31/2022 Common Stock 4,500 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Newsom Mikella D 5219 CITY BANK PARKWAY LUBBOCK, TX79407-3544 Chief Risk Officer & Secretary Signatures Mikella D. Newsom 01/04/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares owned by the Reporting Person's spouse, who is also an employee of the Issuer. ( 2 )The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions. ( 3 )Effective September 12, 2022, SPFI eliminated the SPFI stock fund as an investment alternative available under the City Bank 401(k) Plan (the "401(k) Plan"). As a result, the 180 shares of SPFI common stock the Reporting Person previously reported as beneficially owned under the 401(k) Plan were liquidated. ( 4 )Shares held by the South Plains Financial, Inc. Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account. ( 5 )25% of the stock options vest on each of the first four anniversaries of January 1 in the year of grant. Notwithstanding the foregoing, the stock options will automatically become fully vested upon the earlier of: (i) the holder's disability, (ii) the holder's death, and (iii) immediately prior to a change in control of the Issuer. ( 6 )Stock options held by the Reporting Person's spouse, who is also an employee of the Issuer. ( 7 )These were fully exercisable on date of grant.

Remarks: REPORTING PERSON'S SPOUSE'S TRANSACTIONS: This Form 4 is late with respect to (i) reporting acquisitions of shares of common stock of the Issuer by the Reporting Person's spouse, and (ii) reporting acquisitions of stock options of the Issuer by the Reporting Person's spouse. The Reporting Person did not timely report these acquisitions by the Reporting Person's spouse due to inadvertent administrative error.

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).

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