CUSIP No.
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83946P107
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1
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NAMES OF REPORTING PERSONS
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South Plains Financial, Inc. Employee Stock Ownership Plan Trust (the “ESOP Trust”)
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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State of Texas
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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963,929
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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963,929
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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963,929
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐ |
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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5.65% (1)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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EP
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(1) |
Percentage based on 17,047,883 shares of common stock outstanding as of February 28, 2023.
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(a)
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Name of issuer: South Plains Financial, Inc. (the “Company”)
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(b)
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Address of issuer’s principal executive offices: 5219 City Bank Parkway, Lubbock, Texas 79407
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(a) |
Name of person filing: South Plains Financial, Inc. Employee Stock Ownership Plan Trust (the “ESOP Trust”)
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(b) |
Address or principal business office or, if none, residence:
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(c) |
Citizenship: State of Texas
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(d) |
Title of class of securities: Common Stock, par value $1.00 per share
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(e) |
CUSIP No.: 83946P107
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Item 3. |
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a) | ☐ | Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); |
(b) |
☐ | Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); |
(c) |
☐ | Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); |
(d) |
☐ | Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
(e) | ☐ | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
(f) | ☒ | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
(g) |
☐ | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
(h) |
☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
(i) |
☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
(j) |
☐ | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); |
(k) |
☐ | Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
Item 4. |
Ownership
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(a) |
Amount beneficially owned:
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(b)
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Percent of class:
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote:
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(ii)
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Shared power to vote or to direct the vote:
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(iii) |
Sole power to dispose or to direct the disposition of:
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(iv) |
Shared power to dispose or to direct the disposition of:
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Item 5. |
Ownership of 5 Percent or Less of a Class.
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Item 6. |
Ownership of More than 5 Percent on Behalf of Another Person.
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Item 8. |
Identification and Classification of Members of the Group.
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Item 9. |
Notice of Dissolution of Group.
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Item 10. |
Certifications
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By:
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City Bank Trust Department
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/s/ Rob Dean
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Rob Dean
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Authorized Officer
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By:
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Kendra Lane
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/s/ Kendra Lane
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Kendra Lane
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Vice President of Human Resources
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