C. Rodes Boyd Jr - Feb 2, 2022 Form 4 Insider Report for BLUE RIDGE BANKSHARES, INC. (BRBS)

Signature
/s/ C. Rodes Boyd, Jr
Stock symbol
BRBS
Transactions as of
Feb 2, 2022
Transactions value $
-$178,285
Form type
4
Date filed
3/7/2022, 04:24 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRBS Common Stock Disposed to Issuer -$72K -4K -25% $18.00 12K Feb 2, 2022 By ESOP F1
transaction BRBS Common Stock Disposed to Issuer -$38.4K -2.26K -20.68% $17.01 8.65K Feb 15, 2022 Direct F2, F3
transaction BRBS Common Stock Disposed to Issuer -$67.9K -3.4K -39.31% $19.98 5.25K Feb 16, 2022 Direct F4

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 Stock Option (right to buy) 1.88K Feb 2, 2022 Common Stock 1.88K $13.80 Direct F5, F6
holding BRBS Stock Option (right to buy) 1.88K Feb 2, 2022 Common Stock 1.88K $10.80 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 5,334 shares allocated to the reporting person's account under the Company's employee stock ownership plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in 4 transactions at prices of $16.99, $17.00, $17.01, and $17.03, inclusive.
F3 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 3,635 shares of the Company's common stock as of April 20, 2021.
F4 The price reporting in Column 4 is a weighted average price. These shares were sold in 6 transactions at prices of $16.875, $16.95, $16.98, & $17.00, $17.02, and $17.05, inclusive
F5 This option was previously reported as an option for 1,250 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
F6 As a result of the stock split declared by the Company on March 17, 2021, the reporting person received 625 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 1,875 shares of common stock held by the reporting person on April 20, 2021 became exercisable for 1,875 shares of common stock.
F7 This option was previously reported as an option for 1,250 shares of common stock at an exercise price of $16.20, but was adjusted to reflect the stock split declared by the Company on March 17, 2021.
F8 As a result of the stock split declared by the Company on March 17, 2021, the reporting person received 625 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 1,875 shares of common stock held by the reporting person on April 20, 2021 became exercisable for 1,875 shares of common stock