BEALE G WILLIAM 4

What Happened
G. William (Bill) Beale, President & CEO and a director of Blue Ridge Bankshares (BRBS), had shares withheld/disposed to satisfy tax and/or exercise obligations. On March 2, 2026 he surrendered 17,068 shares at $4.06 each for $69,296, and on March 6, 2026 he surrendered 5,581 shares at $3.99 each for $22,268 — a combined disposal of 22,649 shares totaling $91,564. These transactions are reported under code F (payment of exercise price or tax liability), a routine “sell-to-cover” style transaction rather than an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-03-02: 17,068 shares @ $4.06 = $69,296 (disposed, code F)
  • 2026-03-06: 5,581 shares @ $3.99 = $22,268 (disposed, code F)
• Total disposed: 22,649 shares for $91,564.
• Shares owned after transaction: not specified in the summary provided — the Form 4 includes beneficial ownership figures; consult the full filing for exact post-transaction holdings.
• Footnote: The beneficial ownership reported included unvested restricted stock that was subsequently cancelled on March 6, 2026 in connection with the Reporting Person’s retirement (F1).
• Filing timeliness: Form 4 was filed on 2026-04-03 for transactions on 2026-03-02 and 2026-03-06, indicating a late filing (L).

Context
Code F transactions generally reflect tax withholding or payment related to option exercises or vesting (a routine administrative disposition), not necessarily a directional bet on the stock. The March 6 note that unvested restricted shares were cancelled relates to the reporting person’s retirement and may affect total beneficial ownership; see the full Form 4 for details.