Carter Bankshares (CARE) COO reports 411-share tax-withholding move

Rhea-AI Filing Summary

Carter Bankshares, Inc. senior executive vice president and chief operating officer Matthew M. Speare reported a tax-related share disposition. On March 4, 411 shares of common stock were withheld at $20.98 per share to cover tax obligations, leaving him with 26,793 shares held directly.

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^*

Speare Matthew M.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP, CHIEF OPERATING 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		411	D	$20.98	26,793	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, Attorney-in-Fact	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).
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FAQ

What insider transaction did CARE executive Matthew M. Speare report?

Matthew M. Speare reported a tax-related share disposition involving 411 shares of Carter Bankshares common stock. The shares were withheld to satisfy tax obligations rather than sold in the open market, reflecting a mechanical adjustment tied to equity compensation.

Was the CARE Form 4 transaction an open-market sale of shares?

No, the CARE Form 4 shows a tax-withholding disposition, not an open-market sale. 411 common shares were delivered at $20.98 per share to cover tax liabilities, consistent with equity compensation mechanics instead of discretionary selling activity in the market.

How many Carter Bankshares shares does Matthew M. Speare hold after this Form 4?

After the reported tax-withholding disposition, Matthew M. Speare holds 26,793 shares of Carter Bankshares common stock directly. This figure reflects his position following the delivery of 411 shares to satisfy related tax obligations on March 4.

What price per share was used in the CARE tax-withholding transaction?

The tax-withholding disposition used a price of $20.98 per share for the 411 common shares. This price is the value applied to the shares delivered to cover the tax liability associated with Speare’s equity-related transaction on that date.

What role does Matthew M. Speare hold at Carter Bankshares (CARE)?

Matthew M. Speare serves as senior executive vice president and chief operating officer at Carter Bankshares. His Form 4 filing reflects equity-related tax withholding activity tied to this executive role, showing his remaining direct ownership of 26,793 common shares.