Rhinebeck Bancorp (RBKB) officer exercises stock options, updates holdings

Rhea-AI Filing Summary

Rhinebeck Bancorp, Inc. senior vice president and chief accounting officer Phillip Lekanides exercised stock options to acquire 500 shares of common stock at $6.57 per share. After the exercise, he holds 2,305 shares directly, along with 1,852 shares through an ESOP and 3,733 shares through a 401(k) plan. The stock options are fully vested, and 1,500 options remain outstanding following this transaction.

Insider Trade Summary

500 shares exercised/converted

Mixed 4 txns

Insider Lekanides Phillip

Role SVP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Stock Options	500	$0.00	--
Exercise	Common Stock	500	$6.57	$3K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options — 1,500 shares (Direct, null); Common Stock — 2,305 shares (Direct, null); Common Stock — 3,733 shares (Indirect, By 401(k))

Footnotes (1)

1. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended. Stock options are fully vested.

Key Figures

Options exercised: 500 shares Exercise price: $6.57 per share Direct shares after transaction: 2,305 shares +5 more

8 metrics

Options exercised 500 shares Common stock acquired via option exercise at $6.57 on May 4, 2026

Exercise price $6.57 per share Price for 500 RBKB shares from option exercise

Direct shares after transaction 2,305 shares Common stock held directly by Phillip Lekanides after exercise

ESOP holdings 1,852 shares Indirect ownership via ESOP after reported transactions

401(k) holdings 3,733 shares Indirect ownership via 401(k) plan after reported transactions

Remaining options 1,500 options Stock options remaining after 500-option exercise

Option expiration August 25, 2030 Expiration date for the stock option grant

Option vesting status Fully vested Footnote states stock options are fully vested

Key Terms

Stock options, ESOP, 401(k), Section 16 of the Securities Act of 1934

4 terms

Stock options financial

"Stock options are fully vested."

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

ESOP financial

"nature_of_ownership": "By ESOP""

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

401(k) financial

"nature_of_ownership": "By 401(k)""

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

Section 16 of the Securities Act of 1934 regulatory

"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lekanides Phillip

(Last) (First) (Middle)

2 JEFFERSON PLAZA

(Street)

POUGHKEEPSIE NEW YORK 12601

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Rhinebeck Bancorp, Inc. [ RBKB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/04/2026		M		500	A	$6.57	2,305	D
Common Stock								3,733(1)	I	By 401(k)
Common Stock								1,852(1)	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$6.57	05/04/2026		M			500	08/25/2021	08/25/2030	Common Stock	500(2)	$0	1,500(2)	D

Explanation of Responses:

1. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

2. Stock options are fully vested.

	/s/ Elizabeth A. Cook, pursuant to power of attorney	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did RBKB executive Phillip Lekanides report in this Form 4 filing?

Phillip Lekanides, an executive at Rhinebeck Bancorp (RBKB), reported exercising stock options to acquire 500 shares of common stock at $6.57 per share. The filing updates his direct and indirect ownership, including ESOP and 401(k) plan holdings.

How many Rhinebeck Bancorp (RBKB) shares does Phillip Lekanides own after the transactions?

After the reported transactions, Phillip Lekanides directly owns 2,305 shares of RBKB common stock. He also has indirect holdings of 1,852 shares through an ESOP and 3,733 shares through a 401(k) plan, as disclosed in the filing.

What stock options did Phillip Lekanides exercise in the RBKB Form 4?

Lekanides exercised 500 stock options for RBKB common stock at a $6.57 exercise price. These options were fully vested and part of a grant originally exercisable from August 25, 2021, with an expiration date of August 25, 2030.

How many Rhinebeck Bancorp (RBKB) stock options remain for Phillip Lekanides?

Following the exercise of 500 options, the filing shows 1,500 stock options remaining for Phillip Lekanides. These options relate to RBKB common stock and share the same $6.57 exercise price and August 25, 2030 expiration date.

Are the RBKB transactions by Phillip Lekanides open-market buys or sales?

The Form 4 identifies the main coded transaction as an option exercise (code M), converting derivatives into 500 common shares at $6.57 each. It does not report any open-market purchases or sales, focusing instead on this derivative exercise and updated holdings.