Carter Bankshares (CARE) EVP uses 261 shares of common stock for tax withholding

Rhea-AI Filing Summary

Carter Bankshares, Inc. executive Jane Ann Davis, EVP and Chief Administrative Officer, reported a tax-related share disposition. On May 21, 2026, 261 shares of Common Stock were delivered at $26.95 per share to cover tax obligations, classified as a tax-withholding disposition. Following this transaction, she directly holds 13,723 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	261	$26.95	$7K

Holdings After Transaction: Common Stock — 13,723 shares (Direct, null)

Footnotes (1)

Key Figures

Shares used for tax withholding: 261 shares Per-share value: $26.95 per share Shares held after transaction: 13,723 shares

3 metrics

Shares used for tax withholding 261 shares Tax-withholding disposition on May 21, 2026

Per-share value $26.95 per share Value applied in tax-withholding disposition

Shares held after transaction 13,723 shares Direct ownership following May 21, 2026 transaction

Key Terms

tax-withholding disposition, Common Stock, Form 4

3 terms

tax-withholding disposition financial

"classified as a tax-withholding disposition of 261 shares"

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

"261 shares of Common Stock were delivered"

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.

Form 4 regulatory

"as disclosed in the Form 4 filing"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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)
05/21/2026

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	05/21/2026		F		261	D	$26.95	13,723	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/ Lisa J. Correll, Attorney-in-fact	05/26/2026
	** 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-withholding disposition of 261 shares of Carter Bankshares common stock. The shares were delivered to cover tax obligations, not as an open-market sale, and are reported as a routine compensation-related transaction.

At what price were the CARE shares used for Jane Ann Davis’s tax withholding?

The 261 shares of Carter Bankshares common stock were valued at $26.95 per share for the tax-withholding disposition. This price reflects the per-share value applied in the transaction, as disclosed in the Form 4 filing.

How many CARE shares does Jane Ann Davis hold after this Form 4 transaction?

After the tax-withholding disposition, Jane Ann Davis directly holds 13,723 shares of Carter Bankshares common stock. This figure represents her reported direct ownership following the May 21, 2026 transaction in the Form 4 filing.

Was Jane Ann Davis’s CARE transaction a market sale or tax withholding?

The Form 4 classifies the transaction as a tax-withholding disposition, not an open-market sale. Shares were delivered to satisfy tax liabilities related to equity compensation, which is a routine administrative event rather than a discretionary stock sale.

What role does Jane Ann Davis hold at Carter Bankshares (CARE)?

Jane Ann Davis serves as Executive Vice President and Chief Administrative Officer at Carter Bankshares. Her Form 4 filing reflects equity-related activity connected to this executive role, specifically a tax-withholding disposition of common stock used to cover tax obligations.