Blue Ridge Bankshares (BRBS) CFO gets 160K performance shares, forfeits stock

Rhea-AI Filing Summary

BLUE RIDGE BANKSHARES, INC. Executive Vice President and Chief Financial Officer Judy Carol Gavant reported several compensation-related stock adjustments, not open-market trades. On March 20, 2026, 160,000 performance-based restricted shares were forfeited to the issuer and 160,000 new performance-based restricted shares were awarded, leaving 577,372 common shares held directly.

On January 23, 2026, 73,333 performance-based restricted shares were canceled, and she continued to hold stock options covering 3,750 shares at $13.5000 per share expiring on December 7, 2027 and 3,750 shares at $10.8000 per share expiring on June 12, 2029. She also indirectly holds 4,819 common shares through a 401(k) plan.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Gavant Judy Carol

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock	160,000	$0.00	--
Grant/Award	Common Stock	160,000	$0.00	--
Disposition	Common Stock	73,333	$0.00	--
holding	Common Stock (right to buy)	--	--	--
holding	Common Stock (right to buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 417,372 shares (Direct); Common Stock (right to buy) — 3,750 shares (Direct); Common Stock — 4,819 shares (Indirect, By 401(K))

Footnotes (1)

1. Represents forfeiture of performance-based restricted shares for failure to satisfy performance conditions. Cancellation of performance-based stock Award of performance-based restricted stock subject to company performance achievements and a vesting schedule. 33 shares previously reported by ESOP were liquidated into the reporting person's 401(k).

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^*

Gavant Judy Carol

(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)
	EVP & Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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	01/23/2026		D		73,333(1)	D	$0	577,372	D
Common Stock	03/20/2026		D		160,000(2)	D	$0	417,372	D
Common Stock	03/20/2026		A		160,000(3)	A	$0	577,372	D
Common Stock								4,819(4)	I	By 401(K)

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
Common Stock (right to buy)	$13.5							01/31/2021	12/07/2027	Common Stock	3,750		3,750	D
Common Stock (right to buy)	$10.8							01/31/2021	06/12/2029	Common Stock	3,750		3,750	D

Explanation of Responses:

1. Represents forfeiture of performance-based restricted shares for failure to satisfy performance conditions.

2. Cancellation of performance-based stock

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

4. 33 shares previously reported by ESOP were liquidated into the reporting person's 401(k).

	Judy C. Gavant	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 activity did Blue Ridge Bankshares (BRBS) report for its CFO?

The Form 4 shows Blue Ridge Bankshares EVP & CFO Judy Carol Gavant forfeited and was granted performance-based restricted stock. These are compensation adjustments with the issuer, not open-market stock purchases or sales, and reflect changes in her equity-based incentives and holdings.

How many Blue Ridge Bankshares shares were awarded to the CFO in this Form 4?

The CFO received an award of 160,000 shares of performance-based restricted stock. This grant is subject to company performance achievements and a vesting schedule, meaning the shares are earned over time only if specified performance conditions are satisfied.

Why were some of the CFO’s Blue Ridge Bankshares shares forfeited or canceled?

The filing states 160,000 performance-based restricted shares were forfeited for failure to satisfy performance conditions and 73,333 performance-based shares were canceled. These dispositions reflect unmet performance targets and adjustments to prior equity awards, rather than discretionary market sales by the CFO.

What is the CFO’s reported Blue Ridge Bankshares stock ownership after these transactions?

After the reported transactions, the CFO directly owns 577,372 shares of Blue Ridge Bankshares common stock. She also indirectly holds 4,819 shares through a 401(k) plan and maintains option positions tied to 7,500 underlying shares with future expiration dates.

Does this Blue Ridge Bankshares Form 4 show any open-market buying or selling by the CFO?

No, the Form 4 does not show open-market buying or selling by the CFO. The transactions involve forfeiture and cancellation of performance-based restricted shares, along with a new award of such shares, all at a per-share price of zero with the issuer as counterparty.

What stock options for Blue Ridge Bankshares does the CFO retain after these transactions?

The CFO retains options on 3,750 shares of common stock at an exercise price of $13.5000 expiring December 7, 2027, and options on another 3,750 shares at $10.8000 expiring June 12, 2029. These options provide potential future share acquisitions at the stated exercise prices.