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

Rhea-AI Filing Summary

Blue Ridge Bankshares (BRBS) Form 4 – insider activity on 07/01/2025

• Reporting person: Chief Accounting Officer Brett Raynor.
• 88 common shares withheld (Code F) at $3.58 to cover taxes on a restricted-share vesting.
• 1,125 unvested performance-based restricted shares forfeited (Code D) at $0 due to unmet performance conditions (note 1).
• Direct ownership after the transactions: 6,616 common shares; a net reduction of 1,213 shares (~15.5%).
• Indirect holdings unchanged: 25 shares via ESOP and 20 shares via 401-k.
• Outstanding employee stock options: 1,875 shares exercisable at $13.15, expiring 06/07/2028; no new option activity reported.

No other acquisitions, sales, or derivative transactions were disclosed.

Positive

• None.

Negative

• 1,125 performance-based restricted shares were forfeited, indicating the related performance criteria were not met.
• Direct insider ownership decreased by 1,213 shares, a 15% drop in the CAO’s personal holdings.

Insights

Securities Analyst

TL;DR: Small insider share decline; signals missed internal target but immaterial to BRBS capitalization.

The filing shows the CAO forfeiting 1,125 performance shares because preset goals were not achieved and surrendering 88 shares for tax withholding. Despite a 16% drop in Raynor’s personal stake, the absolute number—1,213 shares—is negligible relative to BRBS’s 18 million-plus shares outstanding. No open-market sales occurred, and option positions remain intact, suggesting the insider is not exiting exposure. The forfeiture may hint that 2022 performance metrics tied to that award were challenging, but one individual award failure is unlikely to affect corporate outlook. Overall, the event is routine and not expected to move the stock.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Raynor Brett

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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	07/01/2025		F		88	D	$3.58	7,741	D
Common Stock	07/01/2025		D		1,125	D(1)	$0	6,616	D
Common Stock								25	I	By ESOP
Common Stock								20	I	By 401K

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
Stock Option (right to buy)	$13.15							01/31/2021	06/07/2028	Common Stock	1,875		1,875	D

Explanation of Responses:

1. Represents forfeiture of unvested performance-based restricted shares, originally awarded July 20, 2022, for failure to satisfy performance conditions.

	Amanda Story, Attorney-in-Fact	07/25/2025
	** 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.
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FAQ

How many BRBS shares did CAO Brett Raynor forfeit on 07/01/2025?

He forfeited 1,125 unvested performance-based restricted shares at $0 due to unmet targets.

What is Raynor’s current direct ownership in Blue Ridge Bankshares?

After the reported transactions, he directly owns 6,616 common shares.

Why were the 1,125 shares forfeited?

The shares were performance-based and were canceled because the specified performance conditions were not satisfied (see explanation 1).

Were any stock options exercised or granted in this Form 4?

No. Raynor still holds 1,875 options exercisable at $13.15 that expire on 06/07/2028; no new option activity was reported.

Did the insider sell any BRBS shares on the open market?

No open-market sales occurred; the only dispositions were a tax withholding (88 shares) and the forfeiture of unvested shares.