Blue Ridge Bankshares (BRBS) updates performance-based restricted stock grant

Rhea-AI Filing Summary

BLUE RIDGE BANKSHARES, INC. reported compensation-related stock activity for Chief Ops & Technology Officer Brown M Dean. On the same date, 200,000 shares of performance-based restricted common stock were canceled and returned to the issuer at no cost, then 200,000 shares of performance-based restricted stock were granted, subject to company performance achievements and a vesting schedule. Following these transactions, Dean directly holds 429,902 shares of common stock. These are not open-market buy or sell trades but adjustments to equity-based compensation.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Brown M Dean

Role Chief Ops & Technology Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock	200,000	$0.00	--
Grant/Award	Common Stock	200,000	$0.00	--

Holdings After Transaction: Common Stock — 229,902 shares (Direct)

Footnotes (1)

1. Cancellation of performance-based restricted stock. Award of performance-based restricted stock subject to company performance achievements and a vesting schedule.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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^*

Brown M Dean

(Last) (First) (Middle)

1801 BAYBERRY COURT

SUITE 101

(Street)

RICHMOND VIRGINIA 23226

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Ops & Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/20/2026		D		200,000(1)	D	$0	229,902	D
Common Stock	03/20/2026		A		200,000(2)	A	$0	429,902	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. Cancellation of performance-based restricted stock.

2. Award of performance-based restricted stock subject to company performance achievements and a vesting schedule.

	M. Dean Brown	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did BRBS report for Brown M Dean on this Form 4?

The Form 4 shows a cancellation and a grant of restricted stock. 200,000 performance-based restricted shares were surrendered to the issuer, and a new 200,000-share performance-based restricted stock award was granted on the same date as equity compensation.

How many Blue Ridge Bankshares (BRBS) shares were affected in the latest insider filing?

Two blocks of 200,000 shares each were reported. One 200,000-share block of performance-based restricted stock was canceled, and a separate 200,000-share performance-based restricted stock award was granted, leaving the officer’s total direct common stock holdings at 429,902 shares after the transactions.

Was the BRBS insider activity an open-market buy or sell of shares?

No, the activity was not an open-market trade. The filing describes a disposition of 200,000 shares back to the issuer and a grant of 200,000 performance-based restricted shares, both at a reported price of $0.00 per share, indicating compensation-related adjustments.

What type of stock award did Brown M Dean receive from Blue Ridge Bankshares (BRBS)?

He received 200,000 shares of performance-based restricted common stock. The footnotes state the award is subject to company performance achievements and a vesting schedule, meaning the shares are earned over time based on future performance conditions.

How many Blue Ridge Bankshares (BRBS) shares does Brown M Dean hold after these transactions?

After the reported cancellation and new grant, Brown M Dean directly holds 429,902 shares of common stock. This figure reflects his post-transaction position, combining his existing holdings with the newly awarded performance-based restricted stock.

What do the Form 4 disposition and acquisition codes mean in the BRBS filing?

The disposition uses code D, indicating a transfer of 200,000 shares back to the issuer. The acquisition uses code A, reflecting a grant or award of 200,000 performance-based restricted shares, both classified as compensation-related rather than market purchase or sale transactions.