PACE DAVID 4

What Happened

• David Pace, a director of Farmer Brothers Co. (FARM), recorded a disposition of 105,137 shares on May 5, 2026. The shares were converted into cash as part of a merger consideration at $1.29 per share, for aggregate proceeds of $135,627. This was a disposition to the issuer (merger conversion), not an open‑market sale.

Key Details

• Transaction date: 2026-05-05; Price per share: $1.29; Total value: $135,627.
• Transaction code: D (Disposition to issuer) — shares were cancelled and converted into cash under the merger agreement.
• Shares owned after transaction: the issuer’s common stock was cancelled at the effective time of the merger; the reporting person no longer holds the cancelled common shares.
• Footnote: Per the Merger Agreement dated March 3, 2026, Merger Sub merged into the issuer and each outstanding common share was automatically cancelled and converted into the right to receive $1.29 cash. The board approved the disposition in the manner contemplated by Rule 16b-3.
• Filing timeliness: Reported on Form 4 with period and filing date of 2026-05-05 (timely).

Context

• This is a routine merger-related cash conversion (not a buy/sell decision by the insider). The Form 4 reflects the mandatory conversion of issued shares into merger consideration rather than an independent trading decision.