Rhinebeck Bancorp (RBKB) Director Christopher W. Chestney Receives 10,000 Shares

What Happened

• Christopher W. Chestney, a director of Rhinebeck Bancorp (RBKB), was granted/acquired 10,000 shares on 2026-07-21 at an indicated price of $10.00 per share, a total value of $100,000. The filing records this as an award/acquisition (Form 4 code A).

Key Details

• Transaction date and price: 2026-07-21, 10,000 shares at $10.00 each (total $100,000).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes of note:
  • F1: Figures reflect a 1.3978-to-1.00 stock exchange ratio from the company’s mutual-to-stock conversion.
  • F2: Includes restricted stock that vests 33 1/3% per year beginning May 26, 2027.
  • F3/F4: Notes indicate option exercise prices were adjusted for the conversion and that stock options are fully vested (these relate to broader insider equity disclosures).
• Timeliness: The Form 4 was filed with a report and filing date of 2026-07-21, indicating the disclosure was made on the transaction date.

Context

• This was an award/acquisition from the company (not an open-market purchase or sale), so it represents compensation/issuance rather than a director buying shares with personal cash. Restricted vesting (per F2) means the shares will vest over time, which is common for compensation grants and not a direct market buy signal.