Rhinebeck Bancorp (RBKB) Director Freddimir Garcia Receives 500-Share Award

What Happened

• Freddimir Garcia, a director of Rhinebeck Bancorp (RBKB), was granted/acquired 500 shares on July 21, 2026, at an indicated price of $10.00 per share, for a total value of $5,000. The transaction is recorded as an award/acquisition rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-07-21; 500 shares @ $10.00 each (total $5,000).
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Filing timeliness: Reported on 2026-07-21 (same day as the Period of Report), indicating a timely filing.
• Notable footnotes from the filing:
  • F1: Reflects a 1.3978-to-1 stock exchange ratio related to the company’s mutual-to-stock conversion.
  • F2: The shares are restricted stock that vest at 33 1/3% per year beginning May 26, 2027.
  • F3: Exercise prices (for any related options) were adjusted using the 1.3978-to-1 ratio.
  • F4: Stock options referenced in the filing are fully vested.

Context

• This was an award of restricted stock (an acquisition), not a market purchase or sale. Restricted shares typically vest over time (see F2), so this grant does not represent an immediate sale or liquidity event.
• The filing reflects adjustments tied to a mutual-to-stock conversion; these adjustments affect share counts/prices in the filing (see F1 and F3).