Carter Bankshares (CARE) CEO uses 819 shares for tax withholding, retains 67,467

Rhea-AI Filing Summary

Carter Bankshares, Inc. Chief Executive Officer Van Dyke Litz reported a small tax-related share disposition. On the reported date, 819 shares of common stock were delivered at $20.98 per share to satisfy a tax liability, rather than sold in the open market. After this transaction, he directly held 67,467 shares of common stock, indicating the move was a routine administrative adjustment rather than a change in his overall investment position.

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^*

Van Dyke Litz H

(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
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

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		819	D	$20.98	67,467	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	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.
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FAQ

What insider transaction did Carter Bankshares (CARE) report for its CEO?

Carter Bankshares reported that CEO Van Dyke Litz used 819 common shares to cover a tax liability. The transaction was coded as tax-withholding, meaning shares were delivered for taxes rather than sold on the open market.

How many Carter Bankshares (CARE) shares were involved in the CEO’s Form 4 filing?

The Form 4 shows 819 shares of Carter Bankshares common stock were used to satisfy a tax obligation. This small number reflects a routine tax-withholding disposition rather than a large, discretionary trade or major change in ownership.

What price per share was used in the Carter Bankshares (CARE) tax-withholding transaction?

The tax-withholding disposition used a share value of $20.98 per Carter Bankshares common share. This price is used for calculating the tax liability when shares are delivered, rather than representing an open-market sale price received by the insider.

How many Carter Bankshares (CARE) shares does the CEO hold after this transaction?

After the tax-withholding disposition, CEO Van Dyke Litz directly held 67,467 shares of Carter Bankshares common stock. This indicates his overall stake remains substantial, and the 819-share disposition was a minor adjustment for tax purposes.

Does the Carter Bankshares (CARE) CEO’s Form 4 show an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were delivered to cover a tax liability, a routine administrative event that does not reflect a discretionary decision to sell shares in the market.