Blue Ridge CFO forfeits 7,474 performance shares

BLUE RIDGE BANKSHARES, INC.

Rhea-AI Filing Summary

BLUE RIDGE BANKSHARES, INC. Executive Vice President and Chief Financial Officer Judy Carol Gavant reported a disposition of company stock. She forfeited 7,474 unvested performance-based restricted shares of common stock back to the issuer after performance conditions tied to an award originally granted on July 1, 2023 were not satisfied. The forfeited shares carried a stated price of $0.00 per share. Following this forfeiture, she directly holds 569,898 shares of common stock, plus 4,852 shares held indirectly through a 401(k) plan. She also holds rights to acquire 3,750 shares at $10.80 per share expiring in 2029 and 3,750 shares at $13.50 per share expiring in 2027, indicating a remaining equity stake through both stock and options.

Insider Trade Summary

Disposition: 7,474 shares

Disposition 4 txns

Insider Gavant Judy Carol

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock	7,474	$0.00	$0.00
holding	Common Stock (right to buy)	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 569,898 shares (Direct); Common Stock (right to buy) — 3,750 contracts (Direct); Common Stock — 3,750 contracts (Direct); Common Stock — 4,852 shares (Indirect, By 401K)

Footnotes (1)

1. F1. Represents forfeiture of unvested performance-based restricted shares, originally awarded on July 1, 2023, for failure to satisfy performance conditions. Total includes other unvested shares that vest in the future.

Key Figures

Forfeited performance shares: 7,474 shares Direct common shares after transaction: 569,898 shares Indirect 401(k) holdings: 4,852 shares +3 more

6 metrics

Forfeited performance shares 7,474 shares Unvested performance-based restricted shares returned to issuer

Direct common shares after transaction 569,898 shares Directly owned by CFO following forfeiture

Indirect 401(k) holdings 4,852 shares Common stock held via 401(k) plan

Option strike price $10.80/share Right to buy 3,750 shares, expires June 12, 2029

Option strike price $13.50/share Right to buy 3,750 shares, expires December 7, 2027

Price for forfeited shares $0.00/share Disposition to issuer of unvested restricted shares

Key Terms

performance-based restricted shares, forfeiture, Disposition to issuer, Common Stock (right to buy)

4 terms

performance-based restricted shares financial

"Represents forfeiture of unvested performance-based restricted shares, originally awarded on July 1, 2023"

Performance-based restricted shares are company stock grants that only become the recipient’s to keep if the business or individual meets specific financial or operational targets over time. For investors, they matter because they align management pay with company results—encouraging goal-focused decisions—but can also affect share count and reported earnings if many shares are earned and issued.

forfeiture financial

"Represents forfeiture of unvested performance-based restricted shares, originally awarded on July 1, 2023"

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

Common Stock (right to buy) financial

"security_title": "Common Stock (right to buy)""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BLUE RIDGE BANKSHARES (BRBS) CFO report?

Blue Ridge Bankshares CFO Judy Carol Gavant reported forfeiting 7,474 unvested performance-based restricted shares to the company. The shares were returned at a stated price of $0.00 per share after award performance conditions were not met.

How many BLUE RIDGE BANKSHARES (BRBS) shares does the CFO hold after this Form 4?

After the reported forfeiture, the CFO directly holds 569,898 shares of Blue Ridge Bankshares common stock. She also has 4,852 shares held indirectly via a 401(k) plan, plus additional stock options and rights to acquire further shares.

What performance award was forfeited in the BLUE RIDGE BANKSHARES (BRBS) Form 4?

The Form 4 notes forfeiture of 7,474 unvested performance-based restricted shares originally awarded on July 1, 2023. The forfeiture occurred because the specified performance conditions for that award were not satisfied, causing the unvested shares to return to the issuer.

Does the BLUE RIDGE BANKSHARES (BRBS) CFO still hold stock options after this filing?

Yes. The CFO holds rights to acquire 3,750 shares of common stock at $10.80 per share expiring June 12, 2029, and another 3,750 shares at $13.50 per share expiring December 7, 2027, in addition to her directly owned shares.

How are indirect holdings reported for the BLUE RIDGE BANKSHARES (BRBS) CFO?

Indirect holdings are reported separately from direct ownership. The Form 4 shows 4,852 shares of Blue Ridge Bankshares common stock held indirectly through a 401(k) plan, while 569,898 shares are listed as directly owned by the CFO.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/07/2026 - 05:29 PM Learn about SEC filing dates

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^*

Gavant Judy Carol

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Financial Officer

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		D		7,474	D(1)	$0	569,898	D
Common Stock								4,852	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
Common Stock (right to buy)	$13.5							01/31/2021	12/07/2027	Common Stock	3,750		3,750	D
Common Stock	$10.8							01/31/2021	06/12/2029	Common Stock	3,750		3,750	D

Explanation of Responses:

1. Represents forfeiture of unvested performance-based restricted shares, originally awarded on July 1, 2023, for failure to satisfy performance conditions. Total includes other unvested shares that vest in the future.

	Judy C. Gavant	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)