Form 4: Blue Ridge Bankshares Director Janney Acquires Series B Preferred Stock
SEC Form 4 Filing
Director Robert S. Janney reports acquisition of Series B Preferred Stock in Blue Ridge Bankshares.
Summary
- Robert S. Janney, a director of Blue Ridge Bankshares, acquired 10 shares of Series B Preferred Stock on April 3, 2024.
- These shares are convertible into common stock under certain conditions.
- Following the transaction, Janney directly owns 40,000 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to a director's stock transaction, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, in their own company's stock. This allows the public to see if those with inside knowledge of the company are buying or selling shares.
Stakeholder Impact
- The transaction provides shareholders with insight into the investment activities of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of transaction: Acquisition of Series B Preferred Stock |
| 04/05/2024 | Date of signature for the Form 4 filing |
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