Director gifts 835 Carter Bankshares (CARE) shares to her son

Rhea-AI Filing Summary

Carter Bankshares, Inc. director Elizabeth L. Walsh reported a bona fide gift of 835 shares of common stock to her son on January 29, 2026, coded as transaction type “G” at a price of $0 per share. Following the gift, she directly holds 55,078 common shares and also reports indirect beneficial ownership of 4,769 shares through Carriage Square, 367,771 shares through EASG, LLC, and 16,000 shares through Lester Family Holdings. The filing documents her updated ownership position rather than a sale for cash.

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

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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^*

Walsh Elizabeth 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)
01/29/2026

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								4,769	I	by Carriage Square
Common Stock								367,771	I	by EASG, LLC
Common Stock								16,000	I	by Lester Family Holdings
Common Stock	01/29/2026		G		835(1)	D	$0	55,078	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. Gifted to son

Remarks:

	/s/ Jessica R. Sikes, attorney-in-fact	01/29/2026
	** 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.

FAQ

What insider transaction did CARE director Elizabeth L. Walsh report?

Elizabeth L. Walsh reported a bona fide gift of 835 shares of Carter Bankshares common stock to her son. The transaction, dated January 29, 2026, was coded “G” and carried a price of $0 per share, reflecting a non-cash transfer.

How many Carter Bankshares (CARE) shares does Elizabeth Walsh hold after the gift?

After the January 29, 2026 gift, Elizabeth Walsh directly holds 55,078 Carter Bankshares common shares. She also reports indirect beneficial ownership of 4,769 shares via Carriage Square, 367,771 via EASG, LLC, and 16,000 via Lester Family Holdings.

Was the CARE insider transaction a sale or a gift?

The CARE insider transaction was a gift, not a sale. It is coded “G” for bona fide gift, involves 835 common shares, and is explicitly footnoted as “Gifted to son,” with a reported per-share price of $0, indicating no cash consideration.

What does transaction code “G” mean in the CARE Form 4 filing?

Transaction code “G” in this Carter Bankshares Form 4 indicates a bona fide gift. Here, 835 common shares were transferred by director Elizabeth Walsh to her son, with the filing clarifying the nature of the transfer rather than indicating an open-market trade.

How much indirect ownership in CARE does Elizabeth Walsh report?

Elizabeth Walsh reports indirect ownership of Carter Bankshares shares through three entities. The filing lists 4,769 shares via Carriage Square, 367,771 shares via EASG, LLC, and 16,000 shares via Lester Family Holdings, in addition to her directly held 55,078 shares.