Rhinebeck Bancorp director granted 2,700 restricted stock

Rhinebeck Bancorp, Inc. director Shannon Martin LaFrance received a grant of 2,700 shares of Common Stock as restricted stock at $10.00 per share.

Rhea-AI Filing Summary

Rhinebeck Bancorp, Inc. director Shannon Martin LaFrance received a grant of 2,700 shares of Common Stock as restricted stock at $10.00 per share. These shares vest 33 1/3% per year starting on May 26, 2027. After this award, she directly holds 35,341 common shares. She also holds fully vested stock options for 22,875 shares of common stock at an exercise price of $4.70 per share, expiring on August 25, 2030. Share amounts and option terms reflect a 1.3978-to-1.00 stock exchange ratio related to the company’s mutual to stock conversion.

Insider Trade Summary

Grant/Award: 2,700 shares

Grant/Award 2 txns

Insider LaFrance Shannon Martin

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	2,700	$10.00	$27K
holding	Stock Options F3, F1, F4	--	--	--

Holdings After Transaction: Common Stock — 35,341 shares (Direct); Stock Options — 22,875 contracts (Direct)

Footnotes (4)

1. F1. Reflects a 1.3978 to 1.00 stock exchange ratio in connection with the Company's mutual to stock conversion.
2. F2. Shares of restricted stock vest at a rate of 33 1/3% per year commencing on May 26, 2027.
3. F3. Exercise price has been adjusted for the 1.3978 to 1.00 exchange ratio in connection with the Company's mutual to stock conversion.
4. F4. Stock options are fully vested.

Key Figures

Restricted stock grant: 2,700 shares Grant price per share: $10.00 per share Shares held after grant: 35,341 shares +5 more

8 metrics

Restricted stock grant 2,700 shares Common Stock granted as restricted stock to director Shannon Martin LaFrance

Grant price per share $10.00 per share Price used for the 2,700-share restricted stock award

Shares held after grant 35,341 shares Total direct common shares owned by LaFrance following the award

Underlying option shares 22,875 shares Common shares underlying fully vested stock options held by LaFrance

Option exercise price $4.70 per share Exercise price of stock options for 22,875 underlying common shares

Option expiration date 2030-08-25 Expiration date of the fully vested stock options

Restricted stock vesting rate 33 1/3% per year Vesting rate for restricted shares starting May 26, 2027

Stock exchange ratio 1.3978 to 1.00 Exchange ratio used in mutual to stock conversion affecting shares and option terms

Key Terms

restricted stock, mutual to stock conversion, exercise price, fully vested

4 terms

restricted stock financial

"Shares of restricted stock vest at a rate of 33 1/3% per year"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

mutual to stock conversion financial

"ratio in connection with the Company's mutual to stock conversion"

exercise price financial

"Exercise price has been adjusted for the 1.3978 to 1.00 exchange ratio"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

fully vested financial

"Stock options are fully vested."

FAQ

What transaction did Rhinebeck Bancorp (RBKB) director Shannon Martin LaFrance report?

Shannon Martin LaFrance reported receiving a grant of 2,700 shares of Rhinebeck Bancorp common stock as restricted stock at $10.00 per share. The award increases her direct ownership and is characterized as a grant/award acquisition, not an open-market purchase.

How many Rhinebeck Bancorp (RBKB) shares does LaFrance own after this grant?

After the reported grant, Shannon Martin LaFrance directly holds 35,341 shares of Rhinebeck Bancorp common stock. This figure reflects adjustments for the 1.3978-to-1.00 stock exchange ratio connected to the company’s mutual to stock conversion, as noted in the footnotes.

What are the vesting terms of LaFrance’s restricted Rhinebeck Bancorp (RBKB) stock?

The 2,700 restricted shares granted to LaFrance vest at a rate of 33 1/3% per year, beginning on May 26, 2027. This means the award becomes fully vested over three years, subject to the stated schedule in the grant’s vesting terms.

What stock options does LaFrance hold in Rhinebeck Bancorp (RBKB)?

LaFrance holds fully vested stock options covering 22,875 underlying shares of common stock with an exercise price of $4.70 per share. These options expire on August 25, 2030, and the strike price reflects the 1.3978-to-1.00 exchange ratio adjustment.

What is the 1.3978-to-1.00 stock exchange ratio mentioned for RBKB?

The filing notes a 1.3978-to-1.00 stock exchange ratio tied to Rhinebeck Bancorp’s mutual to stock conversion. This ratio adjusts both reported share amounts and the exercise price of stock options, ensuring the equity awards are comparable before and after the conversion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/21/2026 - 05:45 PM Accepted by SEC EDGAR 07/21/2026 - 05:45 PM Learn about SEC filing dates

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^*

LaFrance Shannon Martin

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/21/2026

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	07/21/2026		A		2,700	A	$10	35,341(1)(2)	D

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	$4.7(3)							08/25/2021	08/25/2030	Common Stock	22,875(1)(4)		22,875(1)(4)	D

Explanation of Responses:

1. Reflects a 1.3978 to 1.00 stock exchange ratio in connection with the Company's mutual to stock conversion.

2. Shares of restricted stock vest at a rate of 33 1/3% per year commencing on May 26, 2027.

3. Exercise price has been adjusted for the 1.3978 to 1.00 exchange ratio in connection with the Company's mutual to stock conversion.

4. Stock options are fully vested.

	/s/ Scott A. Brown, pursuant to power of attorney	07/21/2026
	** 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)