Blue Ridge Bankshares (BRBS) director receives 14,206 restricted shares as pay

Rhea-AI Filing Summary

Spilman Vance H reported acquisition or exercise transactions in this Form 4 filing.

BLUE RIDGE BANKSHARES, INC. director Vance H. Spilman received an award of 14,206 shares of common stock on July 1, 2026 at a value of $3.59 per share. The filing states this stock was received in lieu of cash compensation and is issued as restricted stock subject to a vesting schedule.

Following this grant, Spilman directly holds 168,527 common shares. The transaction reflects equity-based director compensation rather than an open-market purchase or sale, and there are no derivative securities reported as remaining positions in this filing.

Insights

Equity compensation analyst

Director received routine restricted stock compensation, not an open-market purchase.

Director Vance H. Spilman received 14,206 shares of BLUE RIDGE BANKSHARES, INC. common stock as a stock grant valued at $3.59 per share. Footnotes explain this award was provided in lieu of cash compensation and structured as restricted stock subject to a vesting schedule.

This is a compensation event coded as a grant, not a discretionary market trade. After the award, Spilman directly holds 168,527 common shares. With no derivative positions disclosed, the filing primarily documents ongoing equity-based pay for board service rather than a change in investment stance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Spilman Vance H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14,206	$3.59	$51K

Holdings After Transaction: Common Stock — 168,527 shares (Direct, null)

Footnotes (1)

1. Stock received in lieu of cash compensation Restricted stock subject to a vesting schedule

Key Figures

Shares granted: 14,206 shares Grant value per share: $3.59 per share Total shares after grant: 168,527 shares +1 more

4 metrics

Shares granted 14,206 shares Restricted stock grant on July 1, 2026

Grant value per share $3.59 per share Value used for the stock award

Total shares after grant 168,527 shares Director’s direct BRBS common stock holdings post-transaction

Transaction code A (Grant, award, or other acquisition) Non-derivative equity award classification

Key Terms

Restricted stock, in lieu of cash compensation, vesting schedule, Grant, award, or other acquisition

4 terms

Restricted stock financial

"Restricted stock subject to a vesting schedule"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

in lieu of cash compensation financial

"Stock received in lieu of cash compensation"

vesting schedule financial

"Restricted stock subject to a vesting schedule"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

Grant, award, or other acquisition regulatory

"transaction_code_description": "Grant, award, or other acquisition""

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FAQ

What did Blue Ridge Bankshares (BRBS) disclose about director Vance H. Spilman?

Blue Ridge Bankshares reported that director Vance H. Spilman received 14,206 shares of common stock. These shares were granted as equity compensation, not bought on the market, and increased his direct holdings to 168,527 shares of BRBS common stock after the transaction.

Was the Blue Ridge Bankshares (BRBS) Form 4 a stock purchase or a grant?

The Form 4 shows a stock grant, not a market purchase. Spilman received 14,206 BRBS common shares coded as a grant or award, described as stock received in lieu of cash compensation and issued as restricted stock with a vesting schedule.

How many Blue Ridge Bankshares (BRBS) shares does Vance H. Spilman now hold?

After the reported transaction, Vance H. Spilman directly holds 168,527 shares of Blue Ridge Bankshares common stock. This figure includes the 14,206 restricted shares granted on July 1, 2026 as director compensation under the company’s equity structure.

At what value was the Blue Ridge Bankshares (BRBS) stock grant recorded?

The stock grant to Vance H. Spilman was recorded at $3.59 per share. With 14,206 shares awarded, the Form 4 uses this per-share value to report the grant, characterizing it as equity compensation in place of cash compensation for board service.

Is the Blue Ridge Bankshares (BRBS) stock grant to Spilman immediately unrestricted?

No, the shares are reported as restricted stock subject to a vesting schedule. The footnotes state that the 14,206 BRBS shares were received in lieu of cash compensation and are restricted until vesting conditions are satisfied over time.

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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	07/01/2026		A(1)		14,206(2)	A	$3.59	168,527	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	07/07/2026
	** 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)