Arthur Loran Adams - Jun 14, 2023 Form 4 Insider Report for Carter Bankshares, Inc. (CARE)

Signature
/s/ Abigail E. McGuire, Attorney-in-Fact
Stock symbol
CARE
Transactions as of
Jun 14, 2023
Transactions value $
$269
Form type
4
Date filed
6/14/2023, 04:26 PM
Previous filing
Jun 6, 2023
Next filing
Jul 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARE Common Stock Purchase $269 +17 +0.27% $15.83 6.32K Jun 14, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This purchase is pursuant to a Rule 10b5-1 Plan executed on September 14, 2022. The price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $15.82 to $15.83, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.