[Form 4] Carter Bankshares, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Galaxy Digital Inc. (GLXY) - Form 144 filing: An unidentified insider intends to sell up to 300,000 Class A common shares through Goldman Sachs & Co. on or about 30 July 2025. The proposed sale has an aggregate market value of roughly US$8.03 million, implying a reference price near US$26.76 per share. The shares were acquired a day earlier (29 July 2025) via option exercise. No other sales by this person were reported in the past three months. Galaxy Digital has 381.0 million shares outstanding, so the planned sale represents ~0.08 % of total shares, a relatively small dilution-free liquidity event. No adverse information about the issuer was disclosed in the filing.

Positive

• Sale size is immaterial at ~0.08 % of shares outstanding, limiting market impact and dilution concerns.

Negative

• Insider intends to sell 300 k shares (~US$8 m), which can be interpreted as a modestly bearish sentiment indicator.

Insights

Securities Analyst

TL;DR: Minor insider liquidity event; negligible dilution; sentiment slightly negative but not material.

This Form 144 signals an insider’s plan to monetize recently exercised options—300 k shares worth ~US$8 m, only 0.08 % of Galaxy Digital’s float. Rule 144 filings alone do not guarantee sales, but they often precede open-market disposals. The small size relative to float limits fundamental impact; however, investors may view any insider selling as a mild bearish signal, especially as it follows immediate option exercise. Absence of past-quarter sales or undisclosed adverse information tempers concern. Overall, I deem the event low-impact with modest negative sentiment.

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^*

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)

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(1)	07/30/2025		S		2,000	D	$17.76	16,054	D
Common Stock								1,200	I	By spouse

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. Sale of Stock 07/30/2025

Remarks:

	/s/ Jessica R. Sikes, Attorney-in-Fact	07/30/2025
	** 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

How many Galaxy Digital (GLXY) shares are being registered for sale?

The Form 144 covers 300,000 Class A common shares.

What is the estimated value of the shares in the GLXY Form 144?

The aggregate market value is listed as approximately US$8.03 million.

When is the intended sale date for the 300,000 GLXY shares?

The filer lists an approximate sale date of 30 July 2025.

How significant is the sale relative to Galaxy Digital’s float?

It represents about 0.08 % of the 381 million shares outstanding.

Were any other insider sales reported in the last three months?

No; the filing states “Nothing to Report” for prior-quarter sales.

Which broker is handling the proposed sale of GLXY shares?

The broker listed is Goldman Sachs & Co. LLC.