Richard D. Campbell, a director and 10% holder of South Plains Financial, Inc., has filed a notice to sell 160,000 shares of the company’s common stock. This sale, valued at approximately $7 million, is significant as it reflects Campbell's ongoing engagement with the company and the broader banking sector.

Background

South Plains Financial, Inc. operates within the state commercial banking industry. The company, which is incorporated in Texas, has its business address at 5219 City Bank Parkway, Lubbock, TX. The company’s stock is traded on NASDAQ under the SEC file number 001-38895. Richard D. Campbell, the reporting owner, has been involved with the company since acquiring shares in a private pre-IPO investment back in 2011.

What the Filing Says

The recent filing, dated November 3, 2026, indicates that Campbell intends to sell 160,000 shares of South Plains Financial’s common stock. The approximate sale date is listed as the same day. The filing notes that the shares are being sold through J.P. Morgan Securities LLC, which is acting as the broker for this transaction.

Impact

This filing may have implications for both Campbell and South Plains Financial. As a significant shareholder, Campbell's decision to sell a portion of his holdings could influence market perceptions of the company. Additionally, the sale may affect investor sentiment regarding liquidity and stock performance within the state commercial banking sector, where South Plains operates.

What's Next

The filing does not specify what happens next regarding Campbell's remaining shares or any future plans for South Plains Financial. However, the ongoing activities in the banking sector may prompt further disclosures from the company or its executives in the near future.