Carter Bankshares (CARE) president logs routine 638-share tax withholding

Rhea-AI Filing Summary

Carter Bankshares, Inc. president and chief strategy officer Bradford N. Langs reported a Form 4 transaction involving company common stock. On March 4, he had 638 shares disposed of at $20.98 per share to cover tax obligations, a routine tax-withholding event rather than an open-market sale. After this transaction, he directly owned 32,593 shares of Carter Bankshares common stock.

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

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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).

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^*

Langs Bradford N.

(Last) (First) (Middle)

1300 KINGS MOUNTAIN ROAD

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT, CHIEF STRATEGY OFCR

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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

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	03/04/2026		F		638	D	$20.98	32,593	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	03/13/2026
	** 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.

FAQ

What insider transaction did Carter Bankshares (CARE) report for Bradford N. Langs?

Bradford N. Langs reported a routine tax-related share disposition. On March 4, 638 Carter Bankshares common shares were withheld to satisfy tax obligations, reflecting an administrative event rather than an open-market trade, while he retained a substantial remaining direct shareholding.

How many Carter Bankshares (CARE) shares were involved in Bradford Langs’ Form 4 filing?

The Form 4 shows 638 shares of Carter Bankshares common stock disposed of. These shares were withheld at $20.98 per share to cover tax liabilities, rather than being sold in the open market, and Langs continued to hold tens of thousands of shares afterward.

Did Bradford N. Langs sell Carter Bankshares (CARE) shares on the open market?

The transaction was a tax-withholding disposition, not an open-market sale. Shares were delivered to cover tax liabilities associated with equity compensation, which is a common administrative process, and does not represent an active decision to sell shares into the market.

What is Bradford Langs’ ownership in Carter Bankshares (CARE) after the reported transaction?

After the March 4 tax-withholding disposition, Bradford N. Langs directly owned 32,593 shares of Carter Bankshares common stock. This figure reflects his remaining direct stake following the 638-share tax-related transfer disclosed in the Form 4 filing.

What does a tax-withholding disposition mean for Carter Bankshares (CARE) insiders?

A tax-withholding disposition means shares are withheld or delivered to satisfy tax obligations tied to equity awards. For Carter Bankshares insiders like Bradford Langs, it is a mechanical step in compensation, not a discretionary market trade or traditional insider buying or selling activity.