Chestney Christopher W. 4

What Happened

• Christopher W. Chestney, a director of Rhinebeck Bancorp (RBKB), was granted 1,624 restricted shares on 2026-05-26. The Form 4 reports the acquisition price as $0.00, so the immediate recorded value of the grant is $0. This is an award (grant/acquisition), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (filed within the typical two-business-day window).
• Shares acquired: 1,624 restricted shares at $0.00 per share (total reported value = $0).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes from the filing:
  • F1: The restricted shares vest at a rate of 33 1/3% per year beginning May 26, 2027.
  • F2: Stock options referenced in the filing are fully vested.
• Filing timeliness: No late filing flag indicated in the provided data.

Context

• These are restricted stock awards subject to multi-year vesting (per F1), so the shares are not immediately freely tradable. Awards like this are common for directors and staff and reflect compensation rather than an open-market purchase; they should not be interpreted alone as a directional market signal.