Nihill Kevin M 4

What Happened
Kevin M. Nihill, Chief Financial Officer and Treasurer of Rhinebeck Bancorp (RBKB), disposed of 1,468 shares on July 9, 2026 to satisfy a tax withholding obligation. The shares were recorded at $17.08 each, for a total value of approximately $25,073. The transaction is coded "F" on the Form 4, indicating shares were withheld or surrendered to cover taxes (not an open-market sale).

Key Details

• Transaction date: July 9, 2026. Filing date: July 10, 2026. No late filing indicated.
• Price: $17.08 per share; Shares disposed: 1,468; Total value: ~$25,073.
• Transaction code: F — payment of tax liability/tax withholding using shares.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 and F2 note restricted stock grants that vest in three annual installments (33 1/3% per year), with vesting commencing May 26, 2027 (F1) and July 9, 2025 (F2).

Context
A code-F disposal is typically an administrative tax-withholding action related to equity awards (restricted stock or option exercises) rather than a market-motivated sale. It does not necessarily signal the insider's view on the company's prospects; it reflects meeting tax obligations arising from equity compensation.