[Form 4] Rhinebeck Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Rhinebeck Bancorp insider reported multiple stock sales and existing holdings. The filing shows James T. McCardle III, Chief Credit Officer and director, sold 685 shares on 08/12/2025 at $12.74 and sold 4,250 shares on 08/29/2025 at $13.14, totaling 4,935 shares sold. Following the 08/29 sale his direct beneficial ownership is reported as 3,580 shares. He also holds indirect positions of 9,867 shares via a 401(k) and 3,192 shares via an ESOP. Separately, he beneficially owns 28,000 fully vested stock options with a $6.57 exercise price expiring 08/25/2030. All figures are taken directly from the Form 4.

Positive

• Maintains significant indirect holdings via a 401(k) (9,867 shares) and ESOP (3,192 shares)
• Holds 28,000 fully vested stock options at a $6.57 exercise price expiring 08/25/2030

Negative

• Officer sold 4,935 shares in two transactions on 08/12/2025 and 08/29/2025 reducing direct ownership to 3,580 shares

Insights

Securities Analyst

TL;DR: Officer sold 4,935 shares while retaining material indirect holdings and fully vested options.

The transactions reported are outright sales executed in August 2025 at prices of $12.74 and $13.14 totaling 4,935 shares disposed. Post-transaction direct ownership is 3,580 shares, with additional indirect holdings of 9,867 shares (401(k)) and 3,192 shares (ESOP). The filing also documents 28,000 fully vested options at a $6.57 strike expiring in 2030, which represent potential future equity exposure if exercised. This is a standard Section 16 disclosure of insider sales and existing long-term option holdings; it does not include any new acquisitions or option exercises in this report.

Corporate Governance Expert

TL;DR: Routine insider Form 4 showing sales and existing vested option position; no amendments or 10b5-1 plan disclosed.

The report was filed as a single reporting person filing and signed via power of attorney. It discloses two sale transactions and identifies the reporting person as an officer and director. It also clarifies that certain transactions referenced are not required to be reported under Section 16 and that stock options are fully vested. The filing contains customary explanatory notes and does not indicate any amendment or additional governance actions. Material facts are limited to the disclosed sales, indirect holdings, and vested options.

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
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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^*

McCardle James T. III

(Last) (First) (Middle)

2 JEFFERSON PLAZA

(Street)

POUGHKEEPSIE NY 12601

(City) (State) (Zip)

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)
	Chief Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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

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

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

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	08/12/2025		S		685	D	$12.74	7,830	D
Common Stock	08/29/2025		S		4,250	D	$13.14	3,580	D
Common Stock								9,867(1)	I	By 401(k)
Common Stock								3,192(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							08/25/2021	08/25/2030	Common Stock	28,000(2)		28,000(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/ Scott Brown, pursuant to power of attorney	09/03/2025
	** 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.
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FAQ

What transactions did RBKB insider James T. McCardle III report in the Form 4?

The Form 4 reports two sales: 685 shares on 08/12/2025 at $12.74 and 4,250 shares on 08/29/2025 at $13.14.

How many shares does the reporting person directly and indirectly own after the reported transactions?

Direct beneficial ownership is reported as 3,580 shares. Indirect holdings include 9,867 shares via a 401(k) and 3,192 shares via an ESOP.

Does the Form 4 show any stock options for the reporting person?

Yes. The filing shows 28,000 fully vested stock options with a $6.57 exercise price and an expiration date of 08/25/2030.

Was the Form 4 filed jointly or by one reporting person and who signed it?

The Form 4 was filed by one reporting person and the signature on the filing was made by /s/ Scott Brown, pursuant to power of attorney on 09/03/2025.

Are any of the reported transactions noted as not required to be reported under Section 16?

The explanatory notes state that some reflected transactions are not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934.