SEC Filing Summary

Matthew James Smith, President & CEO of Rhinebeck Bancorp, Inc., reported transactions related to his ownership of the company's common stock. Following these transactions, Smith directly owns 23,826 shares of common stock. Additionally, he indirectly owns 479 shares of common stock through a 401(k) account. Footnote F1 indicates a stock exchange ratio of 1.3978 to 1.00 in connection with the Company's mutual to stock conversion. Footnote F2 states that restricted stock vests at a rate of 33 1/3% per year commencing on May 26, 2027. Footnote F3 clarifies that these transactions are not required to be reported under Section 16 of the Securities Exchange Act of 1934.