Brown M Dean 4

What Happened Brown M. Dean, Chief Operations & Technology Officer of Blue Ridge Bankshares, reported two linked transactions on March 20, 2026: a disposition to the issuer (cancellation) of 200,000 performance-based restricted shares and a grant/award of 200,000 new performance-based restricted shares. Both transactions were reported at $0 (no cash changed hands). Footnotes indicate the first was a cancellation of performance-based restricted stock (F1) and the second is a new award subject to company performance and a vesting schedule (F2).

Key Details

• Transaction date: 2026-03-20.
• Disposition (D): 200,000 shares @ $0 — cancellation of performance-based restricted stock (F1).
• Grant/Award (A): 200,000 shares @ $0 — new performance-based restricted stock, subject to performance goals and vesting (F2).
• Amount owned after transaction: not specified in the filing.
• Filing date: 2026-03-24 — filed within two business days of the transaction (appears timely).

Context These entries reflect a cancellation and contemporaneous regrant of performance-based restricted stock rather than an open-market purchase or cash sale. Performance-based RSUs vest only if specified company targets are met, so this award does not equal an immediate economic gain or open-market buying signal. For retail investors, purchases or open-market sales tend to be more directly informative about insider sentiment than administrative regrants.