Michael Vitale Sells Rhinebeck Bancorp Stock

Michael Vitale, EVP, Head of Comm Banking at Rhinebeck Bancorp, Inc., reported a transaction on July 21, 2026. Following the transaction, Vitale owns 12,580 shares of common stock. The filing indicates this ownership is direct. Footnote F1 explains that the reported shares reflect a 1.3978 to 1.00 stock exchange ratio related to the company's mutual to stock conversion. Footnote F2 clarifies that the shares include restricted stock that vests annually starting April 21, 2027. The transaction details suggest a sale or transfer of shares, though the exact nature is not specified beyond the change in ownership quantity.