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

Rhea-AI Filing Summary

Heather Cozart, a director of Blue Ridge Bankshares, Inc. (BRBS), reported acquiring 9,544 shares of the issuer's common stock on 09/08/2025 at a reported price of $4.17 per share. The filing states the shares were received in lieu of cash compensation and are restricted stock subject to a vesting schedule. Following the transaction, the reporting person beneficially owned 56,039 shares. The Form 4 was signed by Amanda G. Story as attorney-in-fact on 09/10/2025. The filing identifies the reporting person as a director and was filed by a single reporting person.

Positive

• Director received 9,544 restricted shares in lieu of cash, which aligns executive interests with shareholders through equity compensation

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received restricted shares as compensation, aligning interests with shareholders but appears routine and non-material.

The reported issuance of 9,544 restricted shares as compensation indicates the board or compensation committee used equity to pay director fees, which is a common governance practice to align management and directors with shareholder outcomes. The filing discloses the shares are subject to vesting, which preserves retention incentives. There is no indication of accelerated vesting, special terms, or related-party transactions beyond the director role. As a single transaction by a director, this appears routine rather than a material corporate event.

Securities Analyst

TL;DR: Insider acquisition of 9,544 shares at $4.17 is a routine, non-material insider compensation transaction.

From a market-impact perspective, the transaction size relative to total outstanding shares is not disclosed here, so materiality cannot be established from this Form 4 alone. The purchase price reported reflects the conversion of cash compensation into equity rather than an open-market buy, which limits signals about the director's private bullishness. The restriction and vesting reduce immediate liquidity, suggesting a retention focus rather than immediate insider accumulation.

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
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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^*

Cozart Heather

(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)		9,544(2)	A	$4.17	56,039	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.

FAQ

What transaction did Heather Cozart report on Form 4 for BRBS?

The Form 4 reports Heather Cozart acquired 9,544 shares of Blue Ridge Bankshares (BRBS) on 09/08/2025 at a reported price of $4.17 per share.

Were the shares acquired by the director restricted or unrestricted?

The filing states the shares are restricted stock subject to a vesting schedule.

How many BRBS shares does the reporting person beneficially own after this transaction?

Following the reported transaction, the reporting person beneficially owned 56,039 shares.

Why were the shares issued according to the Form 4?

The Form 4 explains the stock was received in lieu of cash compensation.

Who signed the Form 4 and when was it signed?

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