Rhinebeck Bancorp (RBKB) director buys 25,000 restricted shares

Rhea-AI Filing Summary

Rhinebeck Bancorp, Inc. director Nancy Koskey Patzwahl reported purchasing 25,000 shares of common stock on July 22, 2026 at $11.94 per share in a transaction classified as an open-market or private purchase, increasing her direct holdings to 27,270 shares of restricted stock that vest 33 1/3% annually beginning May 26, 2027.

Insider Trade Summary

Net Buyer: 25,000 shares

Net Buy 1 txn

Insider Patzwahl Nancy Koskey

Role Director

Bought 25,000 shs ($299K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	25,000	$11.94	$299K

Holdings After Transaction: Common Stock — 27,270 shares (Direct)

Footnotes (1)

1. F1. Shares of restricted stock vest at a rate of 33 1/3% per year commencing on May 26, 2027.

Key Figures

Shares purchased: 25,000 shares Purchase price per share: $11.94 Shares owned after transaction: 27,270 shares +1 more

4 metrics

Shares purchased 25,000 shares Common stock acquired on July 22, 2026

Purchase price per share $11.94 Price per share for the 25,000-share purchase

Shares owned after transaction 27,270 shares Direct holdings following the reported purchase

Restricted stock vesting rate 33 1/3% per year Vesting rate commencing on May 26, 2027

Key Terms

restricted stock, vest, open market or private transaction

3 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.

vest financial

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

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

open market or private transaction financial

"Purchase in open market or private transaction"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/23/2026 - 04:22 PM Accepted by SEC EDGAR 07/23/2026 - 04:22 PM Learn about SEC filing dates

FAQ

What insider transaction did Rhinebeck Bancorp (RBKB) disclose in this Form 4?

Rhinebeck Bancorp reported that director Nancy Koskey Patzwahl purchased 25,000 shares of common stock. The transaction occurred on July 22, 2026 at a price of $11.94 per share, increasing her direct restricted-stock holdings to 27,270 shares.

How many Rhinebeck Bancorp (RBKB) shares did the director buy and at what price?

Director Nancy Koskey Patzwahl bought 25,000 RBKB shares at $11.94 per share. The filing classifies this as a purchase in an open market or private transaction, representing a net increase in her directly held restricted stock position.

What are Nancy Koskey Patzwahl’s total Rhinebeck Bancorp (RBKB) holdings after the transaction?

After the reported purchase, Nancy Koskey Patzwahl directly holds 27,270 shares of Rhinebeck Bancorp stock. A related footnote specifies these shares are restricted stock subject to a multi-year vesting schedule starting in 2027.

What is the vesting schedule for the restricted Rhinebeck Bancorp (RBKB) shares?

The restricted Rhinebeck Bancorp shares vest 33 1/3% per year beginning on May 26, 2027. This means the director’s reported 27,270 restricted shares become fully vested over three years following that start date.

Was the RBKB insider purchase made under a Rule 10b5-1 trading plan?

The Form 4’s Rule 10b5-1 checkbox is not marked as affirmed. Based on this disclosure, the reported 25,000-share purchase is not classified in the filing as being executed under a Rule 10b5-1 trading plan.

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^*

Patzwahl Nancy Koskey

(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)
07/22/2026

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	07/22/2026		P		25,000	A	$11.94	27,270(1)	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

Explanation of Responses:

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

	/s/ Scott A. Brown, pursuant to power of attorney	07/23/2026
	** 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)