Form 4: Director Stokes Reports Acquisition of Series B Preferred Stock in Blue Ridge Bankshares
SEC Form 4 Filing
William W. Stokes, a director of Blue Ridge Bankshares, reported the acquisition of Series B Preferred Stock on April 3, 2024.
Summary
- On April 3, 2024, William W. Stokes, a director of Blue Ridge Bankshares, acquired Series B Preferred Stock.
- The transaction involved 20 shares of Series B Preferred Stock.
- Following the transaction, Stokes beneficially owns 80,000 shares of Common Stock and 10,000 shares of Series B Preferred Stock.
- The Series B Preferred Stock is mandatorily convertible into common stock and has no expiration date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a director's stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of a director's stock transactions, which is common in the financial industry to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the director's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of transaction: Acquisition of Series B Preferred Stock |
| 04/05/2024 | Date of signature on the Form 4 filing |
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