X0206 3/A 2019-05-08 2019-05-09 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 156404 D Common Stock 750 I By child Common Stock 71538 I By ESOP Stock Options (right to buy) 9.49 2019-12-31 Common Stock 6000 D Stock Options (right to buy) 10.03 2020-12-31 Common Stock 9000 D Stock Options (right to buy) 11.03 2021-12-31 Common Stock 9000 D Stock Options (right to buy) 12.03 2022-12-31 Common Stock 9000 D Stock Options (right to buy) 10.33 2023-12-31 Common Stock 9000 D Stock Options (right to buy) 5.88 2024-12-31 Common Stock 9000 D Stock Options (right to buy) 8.6 2025-12-31 Common Stock 9000 D Stock Options (right to buy) 10.93 2026-12-31 Common Stock 12000 D Stock Options (right to buy) 12.24 2027-12-31 Common Stock 12000 D Stock Options (right to buy) 13.88 2028-12-31 Common Stock 12000 D Stock Options (right to buy) 16.93 2028-12-31 Common Stock 12000 D Stock Options (right to buy) 19.05 2028-12-31 Common Stock 15000 D Stock Options (right to buy) 21.32 2029-03-20 Common Stock 10342 D 46,904 of the shares reported represent 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. Shares held for the benefit of Mr. Newsom's minor child. Shares held by the ESOP and allocated to Mr. Newsom's account. These stock options are fully exercisable. 25% of the stock options vest on January 1, 2020 and the remaining 75% vest pro rata on a monthly basis for the following 36 months. This amended and restated report on Form 3/A is being filed to (i) correct the transaction date originally reported as May 9, 2019 to May 8, 2019, the effective date of the Issuer's Registration Statement on Form S-1 (the "Effective Date"); (ii) correct the Relationship of Reporting Person to Issuer from Director and 10% Owner to Director and Officer (President); and (iii) correct the vesting schedule on stock options previously reported to expire on 12/31/2025 to continue through 2029. /s/ By Mikella D. Newsom as Attorney-in-Fact for Cory T. Newsom 2019-05-15