RBKB executive exercises options for 500 shares
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.
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Form Type
4
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
Exercise
4 txns
Insider
Lekanides Phillip
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 500 | $0.00 | $0.00 |
| Exercise | Common Stock | 500 | $6.57 | $3K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 1,500 contracts (Direct);
Common Stock — 2,305 shares (Direct);
Common Stock — 3,733 shares (Indirect, By 401(k));
Common Stock — 1,852 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
- F2. 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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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