Gavant Judy Carol 4

What Happened

• Judy Carol Gavant, Chief Financial Officer of Blue Ridge Bankshares, reported a disposition to the issuer of 7,474 shares on 2026-07-01. The shares were recorded at $0.00 per share (total proceeds $0), reflecting forfeiture of unvested performance-based restricted shares originally awarded July 1, 2023 due to unmet performance conditions. This was a forfeiture back to the company, not an open-market sale.

Key Details

• Transaction date: 2026-07-01; Form filed: 2026-07-07.
• Transaction type/code: Disposition to issuer (forfeiture), price $0.00, total $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — Represents forfeiture of unvested performance-based restricted shares awarded July 1, 2023 for failure to satisfy performance conditions; total includes other unvested shares that may vest in the future.
• Timeliness: Filing posted on July 7 for a July 1 transaction — appears later than the usual two-business-day filing window.

Context

• This was not a cash sale or purchase; it reflects forfeiture due to unmet performance conditions for restricted stock awards. Forfeitures are administrative adjustments and do not necessarily indicate a CFO buying or selling shares for cash.