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

Rhea-AI Filing Summary

Michael J. Quinn, President & CEO and Director of Rhinebeck Bancorp (RBKB), reported option exercise and share disposition on 09/09/2025. He exercised 95,100 stock options at an exercise price of $6.57 per share, and those options are fully vested. The same filing reports a disposition of 55,646 shares at a price of $13.00 per share. The Form 4 also lists indirect holdings including 7,401 shares in a 401(k), 3,357 shares in an ESOP, 10,100 shares in a spouse's IRA and 1,000 shares directly held by spouse. The filing is signed 09/11/2025.

Positive

• Exercise of 95,100 options at a relatively low $6.57 per share cost indicates utilization of existing compensation plan.
• Options are fully vested, as explicitly stated, supporting the legitimacy of the exercise.
• Complete disclosure of indirect holdings (401(k), ESOP, spouse accounts) improves transparency.

Negative

• Disposition of 55,646 shares at $13.00 reduces the reporting person\'s direct holdings.
• Form does not state the purpose of the sale or whether proceeds were used to satisfy tax withholding obligations.

Insights

Securities Analyst

TL;DR: Insider exercised a large block of fully vested options and sold a portion of resulting shares.

The reporting person exercised 95,100 options at $6.57, creating common stock ownership reflected in the filing. The report separately shows a disposition of 55,646 shares at $13.00. Both transactions are explicit in the Form 4 and indicate typical post-exercise selling activity rather than a silent transfer; the options are noted as fully vested which explains the exercise action. Impact to outstanding shares or company capital structure is not stated in the filing.

Corporate Governance Expert

TL;DR: Transaction disclosure is complete on its face; options are vested and required Form 4 reporting was made.

The Form 4 discloses both acquisition via option exercise and a contemporaneous disposition of shares. The filer is identified as President & CEO and Director, and indirect holdings through employee plans and spouse accounts are itemized. The filing includes the exercise date, exercise price, sale price, and the exercisability and expiration dates for the options, meeting standard Section 16 transparency requirements. No regulatory issues or missing statement is identified within this document.

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^*

Quinn Michael J.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

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	09/09/2025		M		95,100	A	$6.57	135,719	D
Common Stock	09/09/2025		F		55,646	D	$13	80,073	D
Common Stock								7,401(1)	I	By 401(k)
Common Stock								3,357(1)	I	By ESOP
Common Stock								10,100	I	By Spouse's IRA
Common Stock								1,000	I	By Spouse

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	09/09/2025		M			95,100	08/25/2021	08/25/2030	Common Stock	95,100(2)	$0	0	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/ Michael J. Quinn	09/11/2025
	** 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 did Michael J. Quinn report on the Form 4 for RBKB?

The filing reports an exercise of 95,100 stock options at $6.57 per share and a disposition of 55,646 common shares at $13.00 per share.

When were the transactions executed according to the Form 4?

Both the option exercise and the share disposition are reported with a transaction date of 09/09/2025 and the Form 4 is signed on 09/11/2025.

Are the exercised options vested?

Yes. The filing explicitly states that the stock options are fully vested.

What indirect holdings does the Form 4 disclose for the reporting person?

The filing lists 7,401 shares in a 401(k), 3,357 shares in an ESOP, 10,100 shares in a spouse\\'s IRA, and 1,000 shares held by the spouse.

What was the exercise price and option expiration date reported?

The option exercise price is $6.57; the options were exercisable beginning 08/25/2021 and expire 08/25/2030 as shown in the filing.