Form 4: Blue Ridge Bankshares Director Randolph N. Reynolds Jr. Acquires 8,000 Shares Through Conversion

Director Randolph N. Reynolds Jr. of Blue Ridge Bankshares acquired 8,000 shares of common stock through the conversion of Series B Preferred Stock.

Summary

• On June 28, 2024, Randolph N. Reynolds Jr., a director of Blue Ridge Bankshares, acquired 8,000 shares of common stock.
• The acquisition resulted from the conversion of Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B.
• The Series B Preferred Stock converted into common stock on a 1-for-4,000 basis.
• Following the transaction, Reynolds directly owns 32,712 shares of Blue Ridge Bankshares common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock conversion, which has a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.

Stakeholder Impact

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

Key Dates