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

Rhea-AI Filing Summary

Wendy S. Bell, Senior Executive Vice President and Chief Financial Officer of Carter Bankshares, Inc. (CARE), reported transactions dated 08/26/2025. The filing shows a sale of 250 common shares at $19.54 per share. A separate entry records 100 shares transferred with a $0 price to Jessica Bell DiGiorgio, and an explanatory note states these shares no longer have pecuniary interest due to Jessica no longer being in the household and were disposed into Jessica Bell DiGiorgio’s name only. The form was signed by an attorney-in-fact.

Insights

Financial Analyst

TL;DR: Routine insider sale and a household transfer; transaction size appears immaterial to company valuation.

The filing documents a small-scale open-market sale of 250 shares at $19.54 and a zero-price transfer of 100 shares to a family member, accompanied by an explicit explanation that household status changed. For investors this is a routine disclosure of insider activity rather than a material operational or financial development. The dollar value of the reported sale (~$4,885) is modest and unlikely to affect market valuation or signal company-wide changes.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; the explanation clarifies beneficial ownership change.

The Form 4 records insider dispositions and an internal household reallocation of ownership, and it includes the explanatory note required to clarify pecuniary interest changes. The signature by an attorney-in-fact is present, indicating proper execution. From a governance perspective, the filing fulfills routine transparency obligations without revealing governance issues or regulatory concerns.

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
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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^*

Bell Wendy S.

(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)
	SENIOR EXECUTIVE VP, CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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								35,407	D
Common Stock	08/26/2025		S		250	D	$19.54	0	I	Custodian for Julia Bell
Common Stock	08/26/2025		J		100	D	$0(1)	0	I	Custodian for Jessica Bell DiGiorgio

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. These shares no longer have pecuniary interest due to Jessica Bell DiGiorgio no longer being in the household. Disposition of shares to Jessica Bell DiGiorgio's name only.

Remarks:

	/s/ Abigail E. McGuire, Attorney-in-Fact	08/26/2025
	** 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

What insider transactions did CARE insider Wendy S. Bell report on 08/26/2025?

The Form 4 reports a sale of 250 common shares at $19.54 per share and a transfer of 100 shares at $0 to Jessica Bell DiGiorgio.

What is the stated reason for the zero-price transfer in the CARE Form 4?

The filing explains those shares no longer have pecuniary interest because Jessica Bell DiGiorgio is no longer in the household, so the shares were disposed into her name only.

What is Wendy S. Bell's role at Carter Bankshares (CARE)?

The Form 4 identifies Wendy S. Bell as Senior Executive Vice President and Chief Financial Officer of Carter Bankshares.

Who signed the Form 4 for Wendy S. Bell?

The form is signed by /s/ Abigail E. McGuire, Attorney-in-Fact with the date 08/26/2025.

Does the filing indicate any material company-level events or earnings data?

No. The Form 4 only discloses insider security dispositions and an ownership transfer; it contains no company financial or earnings information.