Azora Capital discloses 5.4% Blue Ridge Bankshares (BRBS) stake

Rhea-AI Filing Summary

Azora Capital and affiliates have reported a significant passive stake in Blue Ridge Bankshares, Inc. The filing shows that Azora-managed funds beneficially own 4,937,973 shares of Blue Ridge common stock, representing about 5.4% of the company’s outstanding shares, based on 91,488,661 shares outstanding as of October 31, 2025.

The shares are held by investment funds managed on a discretionary basis by Azora Capital, with Azora Capital, Azora Capital GP LLC, and Ravi Chopra sharing voting and dispositive power and holding no sole power. The group states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Blue Ridge Bankshares, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

095825105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 095825105

1

Names of Reporting Persons

Azora Capital LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,937,973.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,937,973.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,937,973.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 095825105

1

Names of Reporting Persons

Azora Capital GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,937,973.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,937,973.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,937,973.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 095825105

1

Names of Reporting Persons

Ravi Chopra

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,937,973.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,937,973.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,937,973.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Blue Ridge Bankshares, Inc.
(b)	Address of issuer's principal executive offices: 1801 Bayberry Court Suite 101 Richmond, Virginia 23226
Item 2.
(a)	Name of person filing: This statement is filed by: * Azora Capital LP, a Delaware limited partnership ("Azora Capital") registered with the Securities and Exchange Commission (the "SEC"), which serves as the investment manager to certain investment funds and/or accounts (the "Funds"), with respect to the shares of Common Stock (as defined in Item 2(d) below) held by the Funds. * Azora Capital GP LLC, a Delaware limited liability company ("Azora Capital GP"), which serves as the general partner to Azora Capital, with respect to the shares of Common Stock held by the Funds; and * Ravi Chopra ("Mr. Chopra"), a United States citizen, who serves as the managing member to Azora Capital GP with respect to the shares of Common Stock held by the Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
(b)	Address or principal business office or, if none, residence: The business address of Azora Capital, Azora Capital GP and Mr. Chopra is at 3480 Main Highway, Suite 200, Miami, FL 33133.
(c)	Citizenship: Azora Capital is a Delaware limited partnership. Azora Capital GP is a Delaware limited liability company. Mr. Chopra is a U.S. citizen.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 095825105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The percentages used herein and in the rest of this Schedule 13G are for each Reporting Person and have been calculated based upon 91,488,661 Common Stock issued and outstanding as of October 31, 2025, as reported by the Issuer in its Form 10-Q filed with the SEC on November 4, 2025. As of the close of business on December 31, 2025, the Reporting Persons may be deemed to have beneficially owned approximately 5.4% of Common Stock outstanding. 4,937,973
(b)	Percent of class: 5.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 4,937,973
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: Each Reporting Person hereby expressly disclaims beneficial ownership in the securities reported in this Schedule 13G and membership in a "group" as that term is described in Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, as amended. 4,937,973
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. All of the securities reported in this Schedule 13G are directly owned by the Funds, which are managed on a discretionary basis by Azora Capital (and indirectly, the Reporting Persons), and only Azora Capital has beneficial ownership (within the meaning of Rule 13d-3) of the Common Stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Azora Capital LP

Signature:	/s/ Ravi Chopra
Name/Title:	individually and as managing member of Azora Capital GP LLC, for itself and as the general partner of Azora Capital LP
Date:	02/17/2026

Azora Capital GP LLC

Signature:	/s/ Ravi Chopra
Name/Title:	Ravi Chopra, Managing Member
Date:	02/17/2026

Ravi Chopra

Signature:	/s/ Ravi Chopra
Name/Title:	Ravi Chopra, Managing Member
Date:	02/17/2026

Comments accompanying signature: * The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

FAQ

What stake did Azora Capital report in Blue Ridge Bankshares (BRBS)?

Azora Capital reported a beneficial ownership stake of about 5.4% in Blue Ridge Bankshares. The position represents 4,937,973 shares of common stock, based on 91,488,661 shares outstanding as of October 31, 2025, as referenced in the company’s Form 10-Q.

Who are the reporting persons in the Blue Ridge Bankshares (BRBS) Schedule 13G?

The Schedule 13G is filed by Azora Capital LP, Azora Capital GP LLC, and Ravi Chopra. Azora Capital manages the investment funds holding the shares, Azora Capital GP is its general partner, and Ravi Chopra is the managing member overseeing Azora Capital GP’s role in the structure.

How many Blue Ridge Bankshares (BRBS) shares does Azora Capital control voting for?

The reporting persons disclose shared voting power over 4,937,973 Blue Ridge Bankshares common shares. They report no sole voting power, meaning all voting authority is shared among the reporting entities consistent with their investment management and control roles within the Azora Capital structure.

Is Azora Capital’s Blue Ridge Bankshares (BRBS) stake intended to influence control?

The filing states the securities were acquired and are held in the ordinary course of business, not to change or influence control of Blue Ridge Bankshares. It also notes the holdings are not connected with any transaction designed to affect control, aside from limited nomination-related activities allowed by regulation.

Who directly owns the Blue Ridge Bankshares (BRBS) shares reported by Azora Capital?

All reported Blue Ridge Bankshares shares are directly owned by investment funds managed by Azora Capital. Azora Capital has beneficial ownership as investment manager, and the other reporting persons’ interests are indirect, reflecting their roles in Azora Capital’s ownership and governance structure over these managed funds.

Does Azora Capital claim full beneficial ownership of its BRBS position?

The reporting persons expressly disclaim beneficial ownership of the Blue Ridge Bankshares securities except to the extent of their pecuniary interest. This standard language clarifies they do not admit broader beneficial ownership for purposes of U.S. securities laws beyond their economic stake in the managed funds.