Trevor Montano - Jun 28, 2024 Form 4 Insider Report for BLUE RIDGE BANKSHARES, INC. (BRBS)

Role
Director
Signature
Trevor Montano
Stock symbol
BRBS
Transactions as of
Jun 28, 2024
Transactions value $
$0
Form type
4
Date filed
7/2/2024, 08:46 PM
Previous filing
Jul 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRBS Common Stock Conversion of derivative security +227K +1591.69% 242K Jun 28, 2024 Direct F1
transaction BRBS Common Stock Conversion of derivative security +245K +1591.69% 260K Jun 28, 2024 By managed account F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BRBS Series B Preferred Stock Conversion of derivative security $0 -56.8 -100% $0.00* 0 Jun 28, 2024 Common Stock 227K Direct F1, F3
transaction BRBS Series B Preferred Stock Conversion of derivative security $0 -61.2 -100% $0.00* 0 Jun 28, 2024 Common Stock 245K By managed account F1, F2, F3
transaction BRBS Warrant (right to buy) Conversion of derivative security -30.4 -100% 0 Jun 28, 2024 Series B Preferred Stock 30.4 Direct F4, F5
transaction BRBS Warrant (right to buy) Conversion of derivative security -32.7 -100% 0 Jun 28, 2024 Series B Preferred Stock 32.7 By managed account F2, F4, F5
transaction BRBS Warrant (right to buy) Conversion of derivative security +121K 121K Jun 28, 2024 Common Stock 121K Direct F4, F5
transaction BRBS Warrant (right to buy) Conversion of derivative security +131K 131K Jun 28, 2024 Common Stock 131K By managed account F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, converted into shares of common stock on a 1-for-4,000 basis.
F2 The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest in the securities.
F3 The Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, is perpetual and therefore has no expiration date.
F4 The shares of Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, underlying the warrant converted into shares of common stock on a 1-for-4,000 basis.
F5 The Series B Warrant was exercisable to purchase shares of Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, at a price of $10,000 per share, subject to certain adjustments. Upon the Mandatory Conversion, the Series B Warrant became exercisable to purchase shares of Common Stock (reflecting a conversion on a 1-for-4,000 basis) at a price of $2.50 per share, subject to certain adjustments.