Form 4: Rhinebeck Bancorp Executive Sells Shares in Recent Transaction

Karen E. Morgan-D'Amelio, a key executive at Rhinebeck Bancorp, recently sold shares of the company's common stock.

Summary

• Karen E. Morgan-D'Amelio, the CRO, General Counsel, and Corporate Secretary of Rhinebeck Bancorp, sold a total of 1,536 shares of common stock on November 29, 2024.
• The shares were sold in two separate transactions, with 536 shares sold at $9.78 each and 1,000 shares sold at $9.86 each.
• Following these transactions, Ms. Morgan-D'Amelio directly owns no shares, but indirectly owns 4,932 shares through a 401(k) and 2,480 shares through an ESOP.
• She also holds 22,000 fully vested stock options with an exercise price of $6.57, exercisable from August 25, 2021, and expiring on August 25, 2030.

Sentiment

Score: 5

Explanation: The document is a neutral report of an executive's stock sale, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares for personal financial management.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of shares by an executive is a common occurrence and does not necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect on the company's operations or financial health.

Key Dates

Keywords

Rhinebeck Bancorp, insider trading, stock sale, Form 4, executive, equity securities, stock options