Blue Ridge Bankshares CFO Forfeits 7,474 Performance-Based Restricted Shares

Judy Carol Gavant, EVP & Chief Financial Officer of Blue Ridge Bankshares, Inc. (BRBS), forfeited 7,474 shares of common stock on July 1, 2026. According to footnote F1, this represents the forfeiture of unvested performance-based restricted shares that were originally awarded on July 1, 2023, due to failure to satisfy performance conditions. The forfeiture was executed at $0 per share, indicating no monetary consideration was involved. Following this transaction, Gavant directly owns 569,898 shares of Blue Ridge Bankshares common stock. Additionally, she holds 4,852 shares indirectly through a 401K plan. The filing also shows she holds two derivative securities: 3,750 options exercisable at $13.50 expiring December 7, 2027, and another 3,750 options exercisable at $10.80 expiring June 12, 2029.