Garcia Freddimir 4

What Happened
Director Freddimir received an award of 1,624 restricted common shares of Rhinebeck Bancorp (transaction code A) on May 26, 2026. The shares were reported as acquired at $0.00 (total reported acquisition value $0). This was a grant/award of stock, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (appears timely).
• Amount: 1,624 shares acquired; reported price per share: $0.00; total reported value: $0.
• Shares owned after transaction: not specified in the filing.
• Footnote F1: The restricted shares vest at 33 1/3% per year commencing May 26, 2027 (i.e., three equal annual vesting installments starting one year after the grant).
• Footnote F2: The filing notes that stock options are fully vested (this relates to other holdings, not this grant).

Context
This transaction is a compensation/retention-type award (restricted stock) rather than a market purchase or sale. Such awards are common for directors and typically vest over time; they do not necessarily signal immediate buying or selling intent.