The Rhinebeck Bank Employee Stock Ownership Plan Trust filed a Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership of common stock in Rhinebeck Bancorp, Inc. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: The trust reported 915,766 shares of Rhinebeck Bancorp, Inc. common stock beneficially owned.
  • Percent of class: The 915,766 shares represent 5.86% of the outstanding class of common stock, par value $0.01 per share.
  • Sole voting power: The trust holds sole power to vote or direct the vote of 751,731 shares.
  • Shared voting power: The trust holds shared power to vote or direct the vote of 164,035 shares.
  • Sole dispositive power: The trust holds sole power to dispose or direct the disposition of all 915,766 shares, with 0 shares subject to shared dispositive power.
  • Trustee: Delaware Charter Guarantee and Trust Company, doing business as Principal Trust Company, serves as trustee, with Jared Gillespie signing as Vice President, Operations.
  • Event date: The date of event requiring the filing was September 30, 2026.

Rhinebeck Bank ESOP Trust Crosses 5% Ownership Threshold in Rhinebeck Bancorp

According to the Schedule 13G filing, the Rhinebeck Bank Employee Stock Ownership Plan Trust, an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended, reported aggregate beneficial ownership of 915,766 shares of Rhinebeck Bancorp, Inc. common stock (CUSIP 762093201). The trust is organized in New York and its trustee, Delaware Charter Guarantee and Trust Company dba Principal Trust Company, is located at 1013 Centre Road, Suite 300, Wilmington, Delaware 19805.

The filing discloses that of the 915,766 shares beneficially owned, the trust holds sole voting power over 751,731 shares and shared voting power over 164,035 shares. The trust holds sole dispositive power over the full 915,766 shares, with no shares subject to shared dispositive power. The aggregate beneficial ownership represents 5.86% of the class of common stock, par value $0.01 per share, issued by Rhinebeck Bancorp, Inc., headquartered at 2 Jefferson Plaza, Poughkeepsie, New York 12601.

The filing was signed on November 10, 2026, by Jared Gillespie, Vice President, Operations of Principal Trust Company, acting as trustee. The certification included in the filing states that, to the best of the signer's knowledge, the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

The Rhinebeck Bank Employee Stock Ownership Plan Trust disclosed beneficial ownership of 915,766 shares, equal to 5.86% of Rhinebeck Bancorp, Inc. common stock, as of September 30, 2026, via a Schedule 13G filing dated November 10, 2026.