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Blue Ridge (BRBS) CEO logs 22,649-share tax withholdings, plans retirement

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BLUE RIDGE BANKSHARES, INC. President & CEO G. William Beale reported share dispositions that reflect tax-withholding events rather than open-market sales. On March 2, 2026, 17,068 shares of common stock were withheld at $4.06 per share to cover tax obligations. On March 6, 2026, an additional 5,581 shares were withheld at $3.99 per share for the same purpose.

After these transactions, Beale directly held 1,163,828 common shares and indirectly held 400,000 shares through the G. William Beale Revocable Living Trust. A footnote states that his beneficial ownership figure included unvested restricted stock that was subsequently cancelled on March 6, 2026 in connection with his retirement.

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Insider BEALE G WILLIAM
Role President & CEO
Type Security Shares Price Value
Tax Withholding Common Stock 5,581 $3.99 $22K
Tax Withholding Common Stock 17,068 $4.06 $69K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,163,828 shares (Direct); Common Stock — 400,000 shares (Indirect, G. William Beale Revocable Living Trust)
Footnotes (1)
  1. [object Object]
Tax-withholding shares March 2, 2026 17,068 shares at $4.06 Code F disposition to cover tax obligations
Tax-withholding shares March 6, 2026 5,581 shares at $3.99 Code F disposition to cover tax obligations
Total tax-withholding shares 22,649 shares Form 4 transaction summary taxWithholdingShares
Direct holdings after transactions 1,163,828 shares Total BRBS common shares directly owned post-March 6, 2026
Indirect trust holdings 400,000 shares Held by G. William Beale Revocable Living Trust
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
unvested restricted stock financial
"includes shares of unvested restrick stock that were subsequently cancelled"
beneficial shares owned financial
"The amount of beneficial shares owned includes shares of unvested restrick stock"
Revocable Living Trust financial
"nature_of_ownership": "G. William Beale Revocable Living Trust""
SEC Form 4
FORM 4UNITED 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
X
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*
BEALE G WILLIAM

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/02/2026F17,068D$4.061,169,409D
Common Stock03/06/2026F5,581D$3.991,163,828(1)D
Common Stock400,000IG. William Beale Revocable Living Trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The amount of beneficial shares owned includes shares of unvested restrick stock that were subsequently cancelled on March 6, 2026 in connection with the Reporting Person's retirement.
Amanda G. Story, Attorney-in-Fact04/03/2026
** Signature of Reporting PersonDate
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 CEO G. William Beale report?

G. William Beale reported tax-related share dispositions, not open-market trades. On March 2 and March 6, 2026, a combined 22,649 BRBS common shares were withheld to cover tax obligations tied to equity compensation, according to the Form 4 details.

Were BRBS shares sold on the market in this Form 4 filing?

No, the Form 4 shows tax-withholding dispositions, not market sales. Shares were delivered back to satisfy tax liabilities related to equity compensation, using transaction code F, which indicates payment of tax obligations by delivering securities.

How many BLUE RIDGE BANKSHARES (BRBS) shares does the CEO hold after these transactions?

After the reported tax-withholding events, G. William Beale directly holds 1,163,828 BRBS common shares. He also indirectly holds 400,000 additional shares through the G. William Beale Revocable Living Trust, as reflected in the Form 4 holding entry.

What prices were used for the BRBS tax-withholding share dispositions?

The tax-withholding dispositions used prices of $4.06 and $3.99 per BRBS share. On March 2, 2026, 17,068 shares were withheld at $4.06, and on March 6, 2026, 5,581 shares were withheld at $3.99, according to the reported transactions.

Does the BRBS Form 4 mention G. William Beale’s retirement?

Yes, a footnote states that beneficial ownership included unvested restricted stock cancelled on March 6, 2026 in connection with his retirement. This indicates certain unvested restricted shares were removed from his beneficial holdings on that date.

How many BRBS shares were used to cover tax obligations in total?

The Form 4 transaction summary shows 22,649 shares used for tax withholding. This total comes from two code F transactions, where shares were delivered to satisfy tax liabilities associated with equity compensation awards, rather than being sold in the open market.