Carter Bankshares director gifts 725 shares

Carter Bankshares, Inc. director Elizabeth L. Walsh reported a Form 4 showing a bona fide gift of 725 shares of Common Stock to her mother.

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Form Type

Rhea-AI Filing Summary

Carter Bankshares, Inc. director Elizabeth L. Walsh reported a Form 4 showing a bona fide gift of 725 shares of Common Stock to her mother. After this gift, she directly holds 58,028 shares of Common Stock.

The filing also lists indirect holdings in Carter Bankshares Common Stock, including 16,000 shares held by Lester Family Holdings, 367,771 shares held by EASG, LLC, and 4,769 shares held by Carriage Square. These entries describe ownership positions rather than new market transactions.

Insider Trade Summary

725 shares gifted

Gift 4 txns

Insider Walsh Elizabeth L.

Role Director

Type	Security	Shares	Price	Value
Gift	Common Stock	725	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 58,028 shares (Direct); Common Stock — 4,769 shares (Indirect, by Carriage Square); Common Stock — 367,771 shares (Indirect, by EASG, LLC); Common Stock — 16,000 shares (Indirect, by Lester Family Holdings)

Footnotes (1)

F1. Gifted to mother

Key Figures

Gifted shares: 725 shares Direct holdings after transaction: 58,028 shares Indirect holdings via Lester Family Holdings: 16,000 shares +3 more

6 metrics

Gifted shares 725 shares Bona fide gift of Common Stock on 2026-05-08

Direct holdings after transaction 58,028 shares Common Stock held directly by Elizabeth L. Walsh after gift

Indirect holdings via Lester Family Holdings 16,000 shares Common Stock held indirectly as of 2026-05-08

Indirect holdings via EASG, LLC 367,771 shares Common Stock held indirectly as of 2026-05-08

Indirect holdings via Carriage Square 4,769 shares Common Stock held indirectly as of 2026-05-08

Gift price per share $0.0000 per share Price reported for bona fide gift transaction

Key Terms

bona fide gift, indirect ownership, transactionSummary

3 terms

bona fide gift financial

"The transaction_code_description is listed as "Bona fide gift" for the 725-share transfer."

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

indirect ownership financial

"Several entries show indirect ownership with nature_of_ownership such as "by Lester Family Holdings" and "by EASG, LLC"."

transactionSummary financial

"The transactionSummary indicates a giftCount of 1 and giftShares of 725, with no buys or sells."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CARE director Elizabeth L. Walsh report?

Elizabeth L. Walsh reported a bona fide gift of 725 shares of Carter Bankshares Common Stock. The Form 4 shows this as a G-code transaction, indicating a gift transfer rather than a market sale or purchase, with no price paid per share.

How many Carter Bankshares (CARE) shares does Elizabeth L. Walsh hold directly after the gift?

After the 725-share gift, Elizabeth L. Walsh directly holds 58,028 shares of Carter Bankshares Common Stock. This post-transaction balance is reported in the Form 4 as the total shares following the transaction for her direct ownership position.

What indirect CARE shareholdings are associated with Elizabeth L. Walsh?

The Form 4 lists indirect ownership of Carter Bankshares Common Stock, including 16,000 shares held by Lester Family Holdings, 367,771 shares held by EASG, LLC, and 4,769 shares held by Carriage Square, all reported as indirect ownership positions.

Was the reported CARE insider transaction a buy or sell in the market?

The reported transaction was not a market buy or sell. It was a G-code bona fide gift of 725 shares, labeled as a gift transfer to the reporting person’s mother, with a price per share of 0.0000 in the filing.

How many CARE shares were gifted in total by Elizabeth L. Walsh in this filing?

This Form 4 shows a single gift transaction of 725 shares of Carter Bankshares Common Stock. The transactionSummary section classifies this as one gift (giftCount 1) with total gifted shares of 725, and no other buys or sells.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 01:44 PM EDT

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walsh Elizabeth L.

(Last)

(First)

(Middle)

1300 KINGS MOUNTAIN RD.

(Street)

MARTINSVILLE

VIRGINIA

24112

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								4,769	I	by Carriage Square
Common Stock								367,771	I	by EASG, LLC
Common Stock								16,000	I	by Lester Family Holdings
Common Stock	05/08/2026		G		725⁽¹⁾	D	$0	58,028	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Gifted to mother

Remarks:

	/s/ Lisa J. Correll, Attorney-in-Fact	05/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR