SCHEDULE 13G/A: Richard T. Spurzem Discloses 4.32% Beneficial Ownership in Blue Ridge Bankshares, Inc.

Richard T. Spurzem has filed an amended Schedule 13G, disclosing a 4.32% beneficial ownership stake in Blue Ridge Bankshares, Inc., including shares from warrants.

Summary

• Richard T. Spurzem, an individual, has filed an Amendment No. 5 to Schedule 13G regarding his beneficial ownership in Blue Ridge Bankshares, Inc.
• As of December 31, 2024, Mr. Spurzem beneficially owns an aggregate of 3,754,047 shares of Blue Ridge Bankshares, Inc. common stock.
• This ownership represents 4.32% of the company's common stock class.
• The total beneficial ownership includes 1,330,047 shares of common stock and an additional 2,424,000 shares of common stock issuable upon the exercise of warrants.
• The percentage of class is calculated based on 84,456,323 shares of common stock outstanding as of December 3, 2024, as communicated by Blue Ridge Bankshares, Inc., plus the 2,424,000 shares from warrants.
• Mr. Spurzem holds sole voting power and sole dispositive power over all 3,754,047 beneficially owned shares.
• The filing certifies that the securities were not acquired and are not held for the purpose or effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Industry Context

This filing is a standard disclosure of beneficial ownership in the financial services sector, indicating a significant individual stake in a regional bank holding company. Such filings provide transparency regarding major shareholder positions, which can be of interest to other investors and market participants.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant individual ownership stake, which can influence investor perception and potentially signal confidence or strategic interest.

Key Dates

Keywords

Blue Ridge Bankshares, Richard T. Spurzem, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Financial Services, Banking