$0.60 special dividend and warrant changes at Blue Ridge (BRBS)

Rhea-AI Filing Summary

Blue Ridge Bankshares, Inc. announced two actions affecting its common shareholders and warrant holders. Effective March 28, 2026, the company amended and restated its common stock warrants so that the per share exercise price is reduced by the per share amount of certain cash distributions on the common stock, including the cash dividend paid in November 2025. This is intended to adjust warrant pricing instead of paying those past dividends on exercised warrant shares.

On March 30, 2026, the board declared a special cash dividend of $0.60 per share on the company’s common stock, payable on April 27, 2026 to shareholders of record as of the close of business on April 13, 2026.

Insights

Bank equity & capital actions analyst

Blue Ridge pairs a $0.60 special dividend with warrant pricing protection.

Blue Ridge Bankshares declared a special cash dividend of $0.60 per common share, with a record date of April 13, 2026 and payment on April 27, 2026. Special dividends return capital directly to shareholders and are separate from any regular dividend pattern.

At the same time, the company and warrant holders agreed to amend and restate the common stock warrants. The new terms reduce the per share exercise price by the per share amount of certain cash distributions, including the November 2025 cash dividend, aligning warrant economics with future cash payouts on the stock.

These changes mean future qualifying cash distributions will lower warrant exercise prices rather than being paid as dividends on the newly issued shares upon exercise. The actual effect will depend on future dividend decisions and the volume and timing of warrant exercises disclosed in later filings.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Special dividend per share: $0.60 per share Dividend record date: April 13, 2026 Dividend payment date: April 27, 2026 +1 more

4 metrics

Special dividend per share $0.60 per share Special cash dividend on common stock

Dividend record date April 13, 2026 Shareholders of record eligible for $0.60 dividend

Dividend payment date April 27, 2026 Scheduled payment of $0.60 special dividend

Warrant amendment effective date March 28, 2026 Effective date of amended and restated warrants

Key Terms

special cash dividend, warrants, exercise price, cash distributions, +1 more

5 terms

special cash dividend financial

"the Board of Directors of the Company declared a special cash dividend of $0.60 per share"

A special cash dividend is a one-time, extra cash payment a company gives to its shareholders in addition to its regular dividends, like a bonus check sent out when a business has more cash than usual. It matters to investors because it delivers immediate cash value, can signal that the company has strong short-term cash or limited opportunities to reinvest, and typically reduces the company’s cash reserves and may affect the stock price and tax treatment for recipients.

warrants financial

"holders of warrants to purchase shares of the Company’s common stock (the “Warrants”)"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

exercise price financial

"the per share exercise price set forth in the Warrant is reduced by the per share amount"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

cash distributions financial

"in connection with certain cash distributions to holders of the Company’s common stock"

amended and restated Warrant regulatory

"the full text of the form of amended and restated Warrant, a copy of which is filed as Exhibit 4.1"

Understanding 8-K Material Events →

false000084271700008427172026-03-282026-03-28

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 28, 2026

BLUE RIDGE BANKSHARES, INC.

(Exact name of Registrant as Specified in Its Charter)

Virginia			001-39165	54-1838100
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
1801 Bayberry Court Suite 101
Richmond, Virginia				23226
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (888) 331-6521

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, no par value		BRBS		NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

Amendment to Warrants

Effective March 28, 2026, the Board of Directors of Blue Ridge Bankshares, Inc. (the “Company”) and the holders of warrants to purchase shares of the Company’s common stock (the “Warrants”) representing a majority of shares of common stock underlying such Warrants outstanding approved an amendment and restatement of the Warrants. The amendment provides that, in connection with certain cash distributions to holders of the Company’s common stock, the per share exercise price set forth in the Warrant is reduced by the per share amount of the cash distribution. This amended provision applies to cash dividends after the effective date of the amendment and including the cash dividend paid in November 2025 to reduce the per share exercise price of the Warrants in lieu of the Company’s payment of such cash dividends to the holder upon exercise of such Warrants.

The foregoing description of the amendment to the Warrants does not purport to be complete and is qualified in its entirety by reference to the full text of the form of amended and restated Warrant, a copy of which is filed as Exhibit 4.1 and incorporated herein by reference.

Special Dividend

On March 30, 2026, the Board of Directors of the Company declared a special cash dividend of $0.60 per share of the Company’s common stock. The dividend is payable on April 27, 2026 to shareholders of record as of the close of business on April 13, 2026.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

	Exhibit No.		Description
	4.1		Form of Amended and Restated Common Stock Warrant
	104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			BLUE RIDGE BANKSHARES, INC.
Date:	March 30, 2026	By:	/s/ Judy C. Gavant
			Judy C. Gavant Executive Vice President and Chief Financial Officer

FAQ

What special dividend did Blue Ridge Bankshares (BRBS) announce?

Blue Ridge Bankshares declared a special cash dividend of $0.60 per share on its common stock. The one-time payment provides an additional cash return to shareholders on top of any regular dividends the bank may pay in other periods.

When is the record date and payment date for BRBS’s $0.60 special dividend?

The record date is April 13, 2026, and the payment date is April 27, 2026. Shareholders who own Blue Ridge Bankshares common stock at the close of business on the record date will be eligible to receive the $0.60 per share cash dividend.

How did Blue Ridge Bankshares (BRBS) change its common stock warrants?

Effective March 28, 2026, Blue Ridge Bankshares and warrant holders approved an amended and restated warrant. The amendment reduces each warrant’s per share exercise price by the per share amount of certain cash distributions made on the company’s common stock going forward.

How do BRBS warrant amendments treat the November 2025 cash dividend?

The amendment specifically states that the November 2025 cash dividend will reduce the warrants’ per share exercise price. This adjustment occurs instead of the company paying that past dividend amount on shares issued when the warrants are exercised after the amendment’s effective date.

Who approved the Blue Ridge Bankshares (BRBS) warrant amendment?

The Board of Directors of Blue Ridge Bankshares and holders of warrants representing a majority of the shares of common stock underlying the outstanding warrants approved the amendment and restatement, providing the necessary consent from both the company and significant warrant holders.

Which securities of BRBS are affected by the $0.60 special dividend?

The $0.60 special cash dividend applies to shares of Blue Ridge Bankshares’ common stock. Warrant holders are indirectly affected through the amended provision, which reduces the warrant exercise price by the per share amount of qualifying cash distributions on the common stock.

Filing Exhibits & Attachments

2 documents

Other Documents

• EX-4.1 EX-4.1 190.3 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 24.3 KB