SCHEDULE: Fourthstone LLC Reports Minimal Stake in Carter Bankshares

Fourthstone LLC and affiliated entities have filed a Schedule 13G, reporting a 0.00% beneficial ownership of Carter Bankshares, Inc. common stock.

Summary

• This filing is an amendment to a Schedule 13G for Carter Bankshares, Inc.
• The reporting persons include Fourthstone LLC, Fourthstone Master Opportunity Fund Ltd., Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP, and L. Phillip Stone, IV.
• Fourthstone LLC, acting as an investment adviser, directly holds 100 shares of Common Stock on behalf of its advisory clients.
• All reporting persons certify that the securities were not acquired for the purpose of influencing control of the issuer.
• The filing states that the aggregate amount beneficially owned by each reporting person is 100 shares, representing 0.00% of the class.
• The percentage is based on 22,222,010 shares of Common Stock outstanding as of May 1, 2026.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this filing as having a negative sentiment due to the minimal ownership reported and the lack of significant strategic or financial disclosures, indicating a passive or negligible stake.

Positives

• The filing clarifies that the securities were acquired in the ordinary course of business as a registered investment adviser.
• The reporting persons explicitly state the securities are not held for the purpose of influencing control of the issuer.

Negatives

• The reporting persons collectively hold 0.00% of the class of securities, indicating a negligible stake.
• The total number of shares beneficially owned by each reporting person is 100, which is a minimal amount.
• The filing is an amendment, suggesting a potential change or update to a previously filed position, but the current position is insignificant.

Risks

• The extremely low percentage of ownership (0.00%) suggests that these entities have no significant influence or stake in Carter Bankshares, Inc., which could be interpreted as a lack of confidence or strategic interest.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• Fourthstone LLC acquired the Issuer's shares in the ordinary course of business as a registered investment adviser and not with the purpose nor with the effect of influencing the control of the Issuer.
• L. Phillip Stone, IV, is the Managing Member of Fourthstone LLC and Fourthstone GP and may be deemed to beneficially own securities owned by Fourthstone.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors who acquire beneficial ownership of more than 5% of a class of a company's registered equity securities. The filing by Fourthstone LLC and its affiliates, reporting 0.00% ownership, is highly unusual and suggests either a clerical error, a very recent acquisition of a minimal number of shares, or a strategic decision to file an amendment with no significant holdings.

Comparison to Industry Standards

• Typically, Schedule 13G filings are made by entities holding over 5% of a company's outstanding shares. This filing reports 0.00%, which is significantly below the standard threshold for such filings.
• Major institutional investors like Vanguard or BlackRock commonly file Schedule 13G or 13F reports when their holdings exceed certain thresholds. The reported ownership here is orders of magnitude smaller than typical institutional holdings.

Stakeholder Impact

• Shareholders: The minimal reported ownership by Fourthstone LLC and its affiliates is unlikely to have any significant impact on current shareholders or the company's stock price.
• Management: The filing explicitly states no intent to influence control, suggesting no immediate pressure or change expected from these entities.

Next Steps

• No specific next steps are outlined in this filing.

Key Dates

Keywords

Carter Bankshares, Schedule 13G, Fourthstone LLC, Investment Adviser, Beneficial Ownership, Securities Filing