Carter Bankshares Director Sale — 2,000 Shares, $258 Short-Swing Disgorged

Rhea-AI Filing Summary

Catharine L. Midkiff, a director of Carter Bankshares (CARE), reported a sale of 2,000 shares of common stock on 07/30/2025 at approximately $17.76 per share, leaving her with 16,054 shares beneficially owned. The filing notes that 200 of the sold shares matched a purchase on 06/02/2025, producing $258 in short-swing profits that the reporting person voluntarily disgorged to the issuer.

The explanation states the matched sale was inadvertently within six months of the earlier acquisition to the extent of 200 shares and that the reporting person has remedied the matter by returning the realized profits to the company. The Form 4 is signed by an attorney-in-fact.

Positive

• Voluntary disgorgement of $258 to the issuer, indicating remediation of the short-swing profit.
• Transparent disclosure of the sale and the matching acquisition, filed on Form 4.
• Reporting person retains 16,054 shares beneficial ownership after the transaction.

Negative

• Sale of 2,000 shares by a director, disclosed in the filing.
• Short-swing profit of $258 realized because 200 sold shares matched a June 2, 2025 purchase within six months.
• Transaction was "inadvertently effectuated", indicating a timing/compliance error that required disgorgement.

Insights

Financial Analyst

Director sold 2,000 shares; small short-swing disgorgement of $258; beneficial ownership remains 16,054 shares.

The reported sale of 2,000 shares at $17.76 and the subsequent disclosure of a $258 short-swing profit (linked to a 200-share match with a June 2, 2025 purchase) are straightforward insider disclosures. The disgorgement indicates the reporting person addressed the technical Section 16(b) obligation. From a financial perspective, the numbers disclosed are small and the action appears remediatory rather than indicating material change in ownership or strategy.

Corporate Governance Expert

Inadvertent six-month match produced a minor short-swing profit; voluntary disgorgement shows corrective compliance action.

The filing explicitly states that the sale was "inadvertently effectuated" within six months of a matching acquisition for 200 shares, triggering a $258 short-swing profit under Section 16(b). The reporting person "voluntarily disgorged" the amount to the issuer, which is a clear corrective step. The presence of an attorney-in-fact signature also indicates the use of delegated filing authority in this disclosure.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Midkiff Catharine L.

(Last) (First) (Middle)

1300 KINGS MOUNTAIN RD

(Street)

MARTINSVILLE VA 24112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Carter Bankshares, Inc. [ CARE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
07/30/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/30/2025		S(1)		2,000	D	$17.76	16,054	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was inadvertently effectuated within six months of a matching acquisition, to the extent of 200 shares. Accordingly, the Reporting Person realized short-swing profits of $258.00 under Section 16(b) of the Securities Exchange Act of 1934, as amended, as a result of the purchase (through indirect ownership) of the Issuer's common stock on June 2, 2025 and the subsequent disposition of the Issuer's common stock reported herein. The Reporting Person has voluntarily disgorged to the Issuer all of such short-swing profits realized by the Reporting Person from such transactions.

Remarks:

	/s/ Jessica R. Sikes, Attorney-in-Fact	08/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did the Carter Bankshares (CARE) Form 4 report?

The Form 4 reports a sale of 2,000 shares of common stock by director Catharine L. Midkiff on 07/30/2025 at about $17.76 per share.

How many shares does the reporting person own after the sale?

The reporting person beneficially owns 16,054 shares following the reported transaction.

Was there a short-swing profit and what happened to it?

Yes. A $258 short-swing profit arose from a 200-share match with a purchase on 06/02/2025, and the reporting person voluntarily disgorged that amount to the issuer.

Who is the reporting person and what is their relationship to CARE?

The reporting person is Catharine L. Midkiff, listed in the filing as a Director of Carter Bankshares.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 is signed by Jessica R. Sikes, identified as an attorney-in-fact for the reporting person.