Trevor Montano - May 22, 2024 Form 3 Insider Report for BLUE RIDGE BANKSHARES, INC. (BRBS)

Role: Director
Signature: Trevor Montano
Stock symbol: BRBS
Transactions as of: May 22, 2024
Transactions value $: $0
Form type: 3
Date filed: 7/2/2024, 05:26 PM
Next filing: Jul 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BRBS	Common Stock						14.3K	May 22, 2024	Direct
holding	BRBS	Common Stock						15.4K	May 22, 2024	By managed account	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BRBS	Series B Preferred Stock							May 22, 2024	Common Stock	227K		Direct	F2, F3, F4
holding	BRBS	Series B Preferred Stock							May 22, 2024	Common Stock	245K		By managed account	F1, F2, F3, F4
holding	BRBS	Warrant (right to buy)							May 22, 2024	Series B Preferred Stock	30.4		Direct	F5
holding	BRBS	Warrant (right to buy)							May 22, 2024	Series B Preferred Stock	32.7		By managed account	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest in the securities.
F2	The Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, becomes convertible into shares of common stock upon a Mandatory Conversion or Partial Conversion (as such terms are defined in the Articles of Amendment to the Company's Articles of Incorporation creating and authorizing the shares of Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B).
F3	The Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, is perpetual and therefore has no expiration date.
F4	Upon a Mandatory Conversion or Partial Conversion, all or a portion of the shares of Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, are convertible into Common Stock on a 1-for-4,000 basis, which reflects an initial conversion price of $2.50 per share of Common Stock, subject to certain adjustments.
F5	The Series B Warrant is exercisable to purchase shares of Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, at a price of $10,000 per share, subject to certain adjustments. Upon a Mandatory Conversion, the Series B Warrant will become exercisable by the reporting person to purchase shares of Common Stock (reflecting a conversion on a 1-for-4,000 basis) at a price of $2.50 per share, subject to certain adjustments.