Bloom Jamie J. 4

What Happened

• Jamie J. Bloom, Chief Operating Officer of Rhinebeck Bancorp (RBKB), was granted 10,487 shares of restricted stock on May 26, 2026. The Form 4 reports the acquisition as an award (transaction code A) at a $0.00 price, i.e., a compensation grant rather than a market purchase.

Key Details

• Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (file appears timely).
• Shares granted: 10,487 restricted shares; reported acquisition price: $0.00 (compensation award).
• Shares owned after transaction: not specified in the provided filing details.
• Relevant footnotes from the filing:
  • F1: The restricted shares vest at 33 1/3% per year beginning May 26, 2027 (implying roughly three-year vesting).
  • F2: Notes transactions not required to be reported pursuant to Section 16 (as stated in the filing).
  • F3: Indicates stock options (separate from this grant) are fully vested.
• Transaction code meaning: A = Award/Grant.

Context

• This was a compensation grant of restricted stock, not an open-market buy or a sale. Because the shares are subject to multi-year vesting, they are not immediately transferable or fully liquid; vesting schedule (33 1/3% per year) matters for when Bloom gains full ownership.
• Such grants are common in executive pay packages to align incentives; they do not by themselves signal immediate insider buying or selling behavior.