Carter Bankshares (CARE) EVP has 296 shares withheld for tax obligations

Rhea-AI Filing Summary

Carter Bankshares, Inc. executive Jane Ann Davis, EVP and Chief Administrative Officer, had 296 shares of Common Stock withheld on April 20, 2026 to cover tax obligations at $24.24 per share. After this tax-withholding disposition, she directly owns 12,134 shares of Carter Bankshares Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Davis Jane Ann

Role EVP, CHIEF ADMIN. OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	296	$24.24	$7K

Holdings After Transaction: Common Stock — 12,134 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withheld shares: 296 shares Per-share valuation: $24.24 per share Shares owned after transaction: 12,134 shares

3 metrics

Tax-withheld shares 296 shares Common Stock delivered for tax liability on April 20, 2026

Per-share valuation $24.24 per share Value used for 296-share tax-withholding disposition

Shares owned after transaction 12,134 shares Direct ownership of Common Stock following tax withholding

Key Terms

tax-withholding disposition, Common Stock, transaction code F

3 terms

tax-withholding disposition financial

"described as a tax-withholding disposition to cover tax obligations"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Common Stock financial

"296 shares of Common Stock were delivered for tax liability"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code F regulatory

"The Form 4 uses transaction code F for this event"

Form 4 Insider Transactions: What Each Field Means →

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^*

Davis Jane Ann

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CHIEF ADMIN. OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/20/2026		F		296	D	$24.24	12,134	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:

Remarks:

	/s/ Jessica R. Sikes, Attorney-in-Fact	04/21/2026
	** 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)

FAQ

What insider transaction did CARE executive Jane Ann Davis report?

Jane Ann Davis reported a tax-related share disposition. On 20 April 2026, 296 shares of Carter Bankshares Common Stock were withheld to satisfy tax obligations, rather than sold in the open market, as part of a compensation-related transaction.

How many Carter Bankshares (CARE) shares were withheld for taxes?

A total of 296 Carter Bankshares Common Stock shares were withheld. The Form 4 describes this as a tax-withholding disposition, where shares are delivered back to the issuer to cover tax liabilities arising from equity compensation.

At what price were the withheld CARE shares valued in the transaction?

The withheld shares were valued at $24.24 per share. This price is used to calculate the value of the 296 shares delivered to cover tax obligations associated with the executive’s equity compensation event.

How many CARE shares does Jane Ann Davis own after this transaction?

Following the tax-withholding disposition, Jane Ann Davis directly owns 12,134 shares of Carter Bankshares Common Stock. This figure reflects her direct holdings after 296 shares were delivered to satisfy tax liabilities on 20 April 2026.

Was this CARE insider transaction an open-market sale or a tax withholding?

The transaction was a tax withholding, not an open-market sale. The Form 4 uses transaction code F and describes it as payment of a tax liability by delivering securities, indicating a compensation-related, mechanistic disposition.