Valles Noe G 4

What Happened Noe G. Valles, a director of South Plains Financial, Inc. (SPFI), reported an open-market/private purchase of 623 shares on 2026-05-20. The Form 4 lists the price as $0.00 and the reported total value as $0.00. This transaction is reported as a purchase (code P), which is generally considered more notable than routine sales, but the filing provides no explanation for the zero-dollar price.

Key Details

• Transaction date: 2026-05-20; filing date: 2026-05-22 (appears timely under Form 4 rules).
• Reported shares acquired: 623; reported price per share: $0.00; reported total value: $0.00.
• Transaction code: P (Purchase).
• Shares owned after the transaction: not disclosed in the provided filing details.
• Footnotes/notes: filing does not include explanatory footnotes (the $0.00 price is unusual and not explained).
• No indication of a 10b5-1 plan, option exercise, gift, or tax withholding in the provided data.

Context Purchases by insiders can be interpreted as a positive signal, but here the reported $0.00 price/value makes the record unclear—this could reflect a data entry issue, a non-cash issuance, or other corporate mechanics. The Form 4 was filed two days after the transaction date, which generally meets SEC timeliness requirements. Retail investors should view this as a reported purchase but note the lack of detail about price and post-transaction holdings.