Elizabeth Hinton Crowther - Jul 1, 2021 Form 4 Insider Report for BAY BANKS OF VIRGINIA INC (BAYK)

Role
Director
Signature
/s/ Elizabeth H. Crowther
Stock symbol
BAYK
Transactions as of
Jul 1, 2021
Transactions value $
$23,901
Form type
4
Date filed
8/18/2021, 05:01 PM
Next filing
Mar 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAYK Common Stock Award $23.9K +1.33K +20.57% $17.93 7.81K Jul 1, 2021 Direct F1, F2, F3

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 BAYK Stock Option (right to buy) 433 Jul 1, 2021 Common Stock 433 $13.80 Direct F4, F5
holding BAYK Stock Option (right to buy) 750 Jul 1, 2021 Common Stock 750 $10.77 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock received in lieu of cash compensation.
F2 Restricted stock subject to a vesting schedule.
F3 (3) On March 17, 2021, Blue Ridge Bankshares, Inc., (the "Company") declared a three-for-two stock split effected in the form of a 50% stock dividend on its common stock outstanding to shareholders of record as of April 20, 2021. As a result, the reporting person received 2,160 shares of the Company's common stock as of April 20, 2021.
F4 This option was previously reported as an option for 289 shares of common stock at an exercise price of $20.70, but was adjusted to reflect the stock split declared by the Company on March 17, 2021.
F5 As a result of the stock split declared by the Company on March 17, 2021, the reporting person received 144 shares of the Company's common stock as of April 20, 2021. At the same time, pursuant to anti-dilution provisions of the Company's equity compensation plans, an option for 433 shares of common stock held by the reporting person on April 20, 2021 became exercisable for 433 shares of common stock.
F6 This option was previously reported as an option for 500 shares of common stock at an exercise price of $16.16, but was adjusted to reflect the stock split declared by the Company on March 17, 2021.
F7 As a result of the stock split declared by the Company on March 17, 2021, the reporting person received 250 shares of the Company's common stock as of April 20, 2021. At the same time, pursuant to anti-dilution provisions of the Company's equity compensation plans, an option for 750 shares of common stock held by the reporting person on April 20, 2021 became exercisable for 750 shares of common stock.