Form 4: Blue Ridge Bankshares Director Cozart Converts Preferred Stock to Common Shares

Director Heather Cozart converted Series B Preferred Stock into 40,000 shares of Blue Ridge Bankshares common stock on June 28, 2024.

Summary

• On June 28, 2024, Heather Cozart, a director of Blue Ridge Bankshares, Inc., converted Series B Preferred Stock into common stock.
• The conversion resulted in the acquisition of 40,000 shares of common stock.
• The Series B Preferred Stock converted on a 1-for-4,000 basis.
• Following the transaction, Ms. Cozart directly owns 46,495 shares of common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to a stock conversion, and doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This filing indicates a change in Heather Cozart's holdings of Blue Ridge Bankshares.

Stakeholder Impact

• The conversion of preferred stock to common stock may slightly dilute existing shareholders' equity.

Key Dates