X0306 4 2019-12-31 0 0001163668 SOUTH PLAINS FINANCIAL, INC. SPFI 0001775199 Newsom Cory T 5219 CITY BANK PARKWAY LUBBOCK TX 79407-3544 1 1 0 0 President Common Stock 2019-12-31 4 M 0 6000 9.49 A 167904 D Common Stock 2019-12-31 4 F 0 3513 21 D 164391 D Common Stock 750 I By child Common Stock 76186 I By ESOP Stock Options (right to buy) 9.49 2019-12-31 4 M 0 6000 0 D 2019-12-31 Common Stock 6000 0 D Stock Options (right to buy) 20.93 2020-02-19 4 A 0 39220 0 A 2030-02-19 Common Stock 39220 39220 D 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. Shares held for the benefit of the Reporting Person's child. Shares held by the ESOP and allocated to the Reporting Person's account. These were fully exercisable on date of grant. 25% of the stock options vest on the first anniversary of January 1, 2020; thereafter, the remaining vest pro rata on a monthly basis over the next 36 months. Notwithstanding the foregoing, the stock options will automatically become fully vested upon the earlier of: (i) the Reporting Person's disability, (ii) the Reporting Person's death, and (iii) immediately prior to a change in control of the Issuer. The exercise of the stock options on 12/31/2019 and the related transactions are being reported late due to administrative error. /s/ By Mikella D. Newsom as Attorney-in-Fact for Cory T. Newsom 2020-02-21