Form 4: Blue Ridge Bankshares Director Reports Acquisition of Series B Preferred Stock

Randolph N Reynolds Jr., a director of Blue Ridge Bankshares, reported acquiring Series B Preferred Stock and owning 8,000 shares of common stock as of April 3, 2024.

Summary

• On April 3, 2024, Randolph N Reynolds Jr., a director of Blue Ridge Bankshares, filed a Form 4.
• The filing indicates a transaction involving Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, and common stock.
• Reynolds acquired Series B Preferred Stock, which is convertible into common stock under certain conditions.
• Following the reported transaction, Reynolds beneficially owns 8,000 shares of common stock.
• The Series B Preferred Stock is perpetual and has no expiration date.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, 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, ensuring fair market practices.

Stakeholder Impact

• The transaction could provide insights to shareholders regarding the director's investment in the company's preferred stock.

Key Dates