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Blue Ridge Bankshares Insider Files Form 4 for 12,230 Restricted Shares

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

Rhea-AI Filing Summary

Blue Ridge Bankshares director Vance H. Spilman reported an acquisition of 12,230 shares of common stock on 09/08/2025 at a price of $4.17 per share. The filing shows these shares were restricted stock received in lieu of cash compensation and will vest according to a schedule. After the transaction, the reporting person beneficially owned 154,321 shares. The Form 4 was signed by Amanda G. Story as attorney-in-fact on 09/10/2025.

The disclosure is a routine insider reporting of compensation-related equity issuance rather than an open-market purchase; no derivative transactions or other material events are shown.

Positive

  • Director acquisition disclosed: 12,230 shares were acquired, increasing beneficial ownership to 154,321 shares
  • Clear disclosure: Transaction is documented as restricted stock received in lieu of cash compensation with filing signed by attorney-in-fact

Negative

  • None.

Insights

TL;DR: Director received restricted stock as compensation, adding 12,230 shares; transaction is a compensation issuance, not an open-market buy.

The Form 4 documents a non-derivative acquisition of 12,230 common shares at $4.17 each, received in lieu of cash compensation and subject to vesting. This increases the director's beneficial ownership to 154,321 shares. From a financial perspective, the event changes insider holdings but does not directly affect the company's cash position or reported revenue. The price disclosed is the per-share valuation for the award; no exercises, sales, or option activity are present.

TL;DR: Governance filing shows standard compensation-related equity grant with vesting; disclosure meets Section 16 reporting requirements.

The Form 4 indicates an equity grant provided in lieu of cash compensation, classified as restricted stock with a vesting schedule. The filing was made by one reporting person and signed by an attorney-in-fact, reflecting customary reporting mechanics. There are no indications of accelerated vesting, clawbacks, or related-party transactions disclosed. This appears to be routine board compensation disclosure rather than a governance concern.

Insider Spilman Vance H
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 12,230 $4.17 $51K
Holdings After Transaction: Common Stock — 154,321 shares (Direct)
Footnotes (1)
  1. Stock received in lieu of cash compensation Restricted stock subject to 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*
Spilman Vance H
(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) 12,230(2) A $4.17 154,321 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 09/10/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Blue Ridge Bankshares director Vance Spilman report (BRBS)?

The director reported acquiring 12,230 shares of common stock on 09/08/2025 at $4.17 per share, increasing beneficial ownership to 154,321 shares.

Was the Form 4 transaction an open-market purchase for BRBS?

No. The filing states the shares were restricted stock received in lieu of cash compensation, not an open-market purchase.

Are the acquired BRBS shares subject to vesting?

Yes. The explanation in the filing declares the shares are restricted stock subject to a vesting schedule.

Who signed the Form 4 for this BRBS filing and when?

The Form 4 was signed by Amanda G. Story, Attorney-in-Fact on 09/10/2025.

Did the Form 4 report any derivative transactions or option exercises for BRBS?

No. Table II for derivative securities shows no entries; only a non-derivative common stock acquisition is reported.