Form 4: Rhinebeck Bancorp Chief Credit Officer Sells Shares

Rhinebeck Bancorp's Chief Credit Officer, James T. McCardle III, reported the sale of 4,935 shares of common stock in two separate transactions.

Summary

• James T. McCardle III, Chief Credit Officer of Rhinebeck Bancorp, Inc. (RBKB), reported two sales of common stock.
• On August 12, 2025, 685 shares were sold at a price of $12.74 per share.
• On August 29, 2025, an additional 4,250 shares were sold at a price of $13.14 per share.
• Following these transactions, Mr. McCardle directly owns 3,580 shares of common stock.
• Indirect beneficial ownership includes 9,867 shares through a 401(k) plan and 3,192 shares through an ESOP, which are not required to be reported under Section 16.
• Mr. McCardle also holds 28,000 fully vested stock options with an exercise price of $6.57, granted on August 25, 2021, and expiring on August 25, 2030.
• The reported transactions were not made pursuant to a Rule 10b5-1 trading plan.

Sentiment

Score: 4

Explanation: The sale of shares by a Chief Credit Officer, particularly when not part of a pre-arranged 10b5-1 plan, can be interpreted as a slightly negative signal by some investors, though it could also be for personal financial planning. The filing itself is purely transactional.

Negatives

• Chief Credit Officer James T. McCardle III sold 4,935 shares of common stock, which were not part of a pre-arranged 10b5-1 trading plan, potentially signaling a discretionary reduction in personal holdings.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may interpret the discretionary sale of shares by a key executive as a potential signal regarding management's outlook or personal financial planning.

Key Dates

Recommendation

The filing reports routine insider selling by a Chief Credit Officer. While insider sales can sometimes be a bearish signal, these transactions could be for personal liquidity or other reasons. The absence of a 10b5-1 plan makes the sales discretionary. Without additional context or a broader pattern of insider activity, a 'hold' recommendation is appropriate, advising investors to monitor future insider transactions and company performance.

Keywords

Rhinebeck Bancorp, RBKB, Insider Trading, Form 4, Stock Sale, Officer Transaction, James T. McCardle III, Chief Credit Officer, Beneficial Ownership