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

Rhea-AI Filing Summary

Carter Bankshares, Inc. reported that executive officer Matthew M. Speare, the Senior Executive Vice President and Chief Operating Officer, acquired 5,005 shares of Common Stock as a grant or award. The shares were granted at no cash cost per share and are designated as Restricted Stock Awards that vest over three years, with one-third vesting each year. Following this award, Speare directly holds a total of 31,798 shares of Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Speare Matthew M.

Role SEVP, CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,005	$0.00	--

Holdings After Transaction: Common Stock — 31,798 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 5,005 shares Grant price: $0.0000 per share Post-transaction holdings: 31,798 shares +1 more

4 metrics

Restricted stock grant 5,005 shares Common Stock award to COO Matthew M. Speare

Grant price $0.0000 per share Compensation grant, no cash paid by insider

Post-transaction holdings 31,798 shares Direct Common Stock held after award

Vesting schedule 3 years (1/3 each year) Restricted Stock Awards vesting terms

Key Terms

Restricted Stock Awards, vesting, Grant, award, or other acquisition, Common Stock

4 terms

Restricted Stock Awards financial

"Restricted Stock Awards - 3 year vesting (1/3 each year)"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

vesting financial

"Restricted Stock Awards - 3 year vesting (1/3 each year)"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 12:55 PM Accepted by SEC EDGAR 07/02/2026 - 12:54 PM Learn about SEC filing dates

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^*

Speare Matthew M.

(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)
	SEVP, CHIEF OPERATING OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		A		5,005(1)	A	$0	31,798	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. Restricted Stock Awards - 3 year vesting (1/3 each year)

Remarks:

	/s/ Lisa J. Correll, Attorney-in-fact	07/02/2026
	** 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 Carter Bankshares (CARE) report for Matthew M. Speare?

Carter Bankshares reported that Matthew M. Speare received a grant of 5,005 shares of Common Stock. These shares are part of his compensation package and were awarded at no cash cost per share as Restricted Stock Awards.

What type of shares did Matthew M. Speare receive from Carter Bankshares (CARE)?

Matthew M. Speare received Restricted Stock Awards totaling 5,005 Common Stock shares. These awards are subject to a three-year vesting schedule, meaning the shares become fully owned over time rather than immediately on the grant date.

What is the vesting schedule for Matthew M. Speare’s new Carter Bankshares (CARE) restricted stock?

The 5,005 Restricted Stock Award shares granted to Matthew M. Speare vest over three years. One-third of the shares vest each year, so he gradually earns full ownership if he remains with the company during this period.

Did Matthew M. Speare pay cash for the 5,005 Carter Bankshares (CARE) shares?

No, Matthew M. Speare did not pay cash for these shares. The Form 4 shows a price of 0.0000 per share, indicating the 5,005 Common Stock shares were granted as compensation rather than purchased in the open market.

How many Carter Bankshares (CARE) shares does Matthew M. Speare hold after this grant?

After receiving the 5,005-share grant, Matthew M. Speare directly holds 31,798 shares of Carter Bankshares Common Stock. This figure reflects his updated ownership position as reported in the Form 4 following the restricted stock award.

Is Matthew M. Speare’s Carter Bankshares (CARE) ownership direct or indirect?

Matthew M. Speare’s reported ownership is direct. The Form 4 lists his ownership code as “D,” indicating direct ownership of the 31,798 Common Stock shares following the 5,005-share restricted stock award transaction.