Director Elizabeth L. Walsh of Carter Bankshares, Inc. filed a Form 4 on November 13, 2026, reporting two transaction-code-J transfers tied to the pro rata liquidating distribution and dissolution of EASG, LLC.

Key Highlights

  • Reporting person: Elizabeth L. Walsh, identified as a Director of Carter Bankshares, Inc. (NASDAQ:CARE)
  • Transaction date: November 13, 2026, with the same deemed execution date
  • Shares acquired: 47,810 shares of common stock acquired directly at $0, via a pro rata liquidating distribution from EASG, LLC
  • Shares removed from indirect ownership: 367,771 shares previously held indirectly through EASG, LLC were disposed of at $0, leaving 0 shares held through that entity
  • Resulting direct beneficial ownership: 105,838 shares of common stock held directly following the reported transactions
  • Remaining indirect holdings: 4,769 shares held indirectly by Carriage Square and 16,000 shares held indirectly by Lester Family Holdings

EASG, LLC Dissolution and Share Distribution for Walsh

According to the filing, the two transactions reported by Director Elizabeth L. Walsh on November 13, 2026, both carry transaction code "J" and reflect a pro rata liquidating distribution connected to the dissolution of EASG, LLC. The filing's footnote states: "Reflects a pro rata liquidating distribution in connection with the dissolution of EASG, LLC of which the reporting person was a non-managing member." Walsh had previously reported beneficial ownership of 367,771 shares held indirectly through EASG, LLC.

As a result of the distribution, Walsh acquired 47,810 shares of Carter Bankshares common stock directly at a price of $0. Simultaneously, the 367,771 shares formerly attributed to EASG, LLC were disposed of at $0, reducing that indirect holding to zero. Following both transactions, Walsh's direct beneficial ownership stands at 105,838 shares, according to the filing.

Separate from these transactions, the filing also reflects pre-existing indirect holdings that were not part of the reported transactions: 4,769 shares held indirectly by Carriage Square and 16,000 shares held indirectly by Lester Family Holdings. The form was signed by Lisa J. Correll as Attorney-in-Fact on November 13, 2026.

What Was Disclosed

Director Elizabeth L. Walsh reported two code-J transfers on November 13, 2026, reflecting the dissolution of EASG, LLC. She acquired 47,810 shares directly at $0 and ceased indirect ownership of 367,771 shares through that entity, with direct holdings now at 105,838 shares.