Griffith Curtis C 4

What Happened
Curtis C. Griffith, Chairman, CEO and a director of South Plains Financial, sold (disposed to the issuer) 300,000 shares of SPFI on June 18, 2026 at $41.39 per share, generating proceeds of $12,417,000. The report lists the transaction as a disposition to the issuer (shares surrendered/returned to the company).

Key Details

• Transaction date and price: June 18, 2026 — 300,000 shares at $41.39 each.
• Gross proceeds: $12,417,000 (no net-of-tax amount provided in the filing).
• Shares owned after transaction: not specified in the Form 4 provided.
• Notable footnotes:
  • F1: Some reported shares include restricted stock units (RSUs) that can be settled only by delivery of an equal number of shares and are subject to vesting/forfeiture.
  • F2–F8: Several disclosures that shares are held by the reporting person’s spouse and various family trusts; the reporting person disclaims beneficial ownership of those trust/spousal-held shares except to the extent of any pecuniary interest.
• Filing timeliness: The Form 4 was filed June 23, 2026 for a June 18 transaction (filed 5 calendar days / 3 business days later), which appears to miss the typical two-business-day Form 4 deadline.

Context
A "disposition to the issuer" generally means shares were returned or surrendered to the company — a common mechanism when shares or RSUs are used to satisfy tax withholding or other obligations. Sales do not necessarily indicate the insider’s view of the company; retail investors often place more informational value on purchases than on routine or tax-related dispositions.