[Form 4] Blue Ridge Bankshares, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider transaction disclosure: Otis Jones, identified as a director of Blue Ridge Bankshares, Inc. (BRBS), was reported to have acquired 3,434 shares of the issuer's common stock on 09/08/2025 at a recorded price of $4.17 per share. Following this transaction, Mr. Jones beneficially owns 15,929 shares. The Form 4 states these shares were received in lieu of cash compensation and are restricted stock subject to a vesting schedule, indicating the shares are not fully transferable until vesting conditions are met. The filing was signed by an attorney-in-fact on 09/17/2025.

Positive

• Director increased equity ownership by 3,434 shares, aligning interests with shareholders
• Shares were granted as compensation, consistent with retention and alignment practices

Negative

• Shares are restricted and subject to vesting, limiting immediate transferability or liquidity
• Acquisition was compensation-based, not an open-market purchase, which may carry less signal about personal conviction

Insights

Financial Analyst

TL;DR: Director received restricted stock as compensation, modestly increasing beneficial ownership but not an open-market purchase.

The reported 3,434-share acquisition at $4.17 per share reflects compensation converted into equity rather than a market purchase, so it signals alignment with shareholder interests through equity pay but carries limited immediate liquidity or voting transfer until vesting. The post-transaction holding of 15,929 shares is relatively small in absolute terms; without outstanding share count or percent ownership disclosed, the filing alone is not material to valuation models. Monitor future Form 4s for open-market buys or changes to vesting that would affect voting power.

Corporate Governance Expert

TL;DR: Compensation paid in restricted stock is a common governance practice that ties director incentives to long-term performance.

Receiving restricted stock in lieu of cash is a governance-aligned practice intended to retain directors and align incentives with shareholders. The filing explicitly notes vesting restrictions, which supports retention and long-term alignment but reduces immediate economic disposition. The document is complete for Section 16 reporting: it discloses the transaction date, nature of award, and resulting beneficial ownership. No departures, option exercises, or derivative instruments are reported here.

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

Jones Otis

(Last) (First) (Middle)

1801 BAYBERRY COURT

SUITE 101

(Street)

RICHMOND VA 23226

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLUE RIDGE BANKSHARES, INC. [ BRBS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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	09/08/2025		A(1)		3,434(2)	A	$4.17	15,929	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:

1. Stock received in lieu of cash compensation

2. Restricted stock subject to a vesting schedule

	Amanda G. Story, Attorney-in-Fact	09/17/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Otis Jones report on the Form 4 for BRBS?

The Form 4 reports that Otis Jones acquired 3,434 shares of Blue Ridge Bankshares common stock on 09/08/2025 at $4.17 per share and now beneficially owns 15,929 shares.

Was the BRBS transaction an open-market purchase?

No. The filing states the shares were received in lieu of cash compensation, not bought on the open market.

Are the shares fully transferable immediately?

No. The Form 4 explains these are restricted stock subject to a vesting schedule, so they are not fully transferable until vesting conditions are met.

When was the Form 4 signed and who signed it?

The Form 4 was signed by Amanda G. Story, Attorney-in-Fact on 09/17/2025.

What role does Otis Jones hold at BRBS according to the filing?

The filing identifies Otis Jones as a Director of Blue Ridge Bankshares, Inc.