Director and 10% Holder Richard Campbell Plans $7.3M Stock Sale
SPFI sits 26% above its 52-week low of $35.34 on elevated volume (2.2× avg).
Summary
Director and 10% holder Richard D. Campbell plans to sell 160,000 shares (~$7.3M), adding to a recent pattern of insider selling at South Plains Financial.
Key Events · Ownership and Investor Activity · SPFI
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Director Plans $7.3M Sale
Richard D. Campbell, a director and 10% holder, filed a Form 144 to sell 160,000 shares with an approximate market value of $7,276,800.
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Adds to Insider Selling Trend
This filing follows over $5.6 million in open-market insider sales in the past 90 days, including two Form 144 filings by officer James D. Stein for a combined $4.3 million.
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Long-Term Holding Liquidated
The shares were acquired in a private pre-IPO investment on June 27, 2011, representing a long-term position being partially monetized.
Analysis · SPFI · Finance
Director and 10% holder Richard D. Campbell filed to sell 160,000 shares worth approximately $7.3 million. This is a significant disposal by a long-term insider who acquired the shares in a pre-IPO private placement in 2011. The sale adds to a pattern of insider selling at South Plains Financial, with over $5.6 million in open-market sales by insiders in the past 90 days, including two recent Form 144 filings by another officer. While Campbell is a 10% owner and not an executive, the size of the sale and his director role make this a notable signal.
At the time of this filing, SPFI was trading at $44.59 on NASDAQ in the Finance sector, with a market capitalization of approximately $853.7M. The 52-week trading range was $35.34 to $46.94. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.