Gerken David R 4

What Happened
David R. Gerken, Executive Vice President of Farmers & Merchants Bancorp, sold 825 shares in an open-market transaction (code S) on June 11, 2026. The shares were disposed at $28.16 each, for a total transaction value of approximately $23,232. This was a sale (not a purchase), which is often routine but does not by itself indicate the insider’s view of the company.

Key Details

• Transaction date and price: June 11, 2026 — 825 shares sold at $28.16 per share.
• Total proceeds: ~$23,232.
• Shares owned after transaction: Not specified in the information provided in this summary.
• Filing date: Form 4 filed on June 15, 2026 (four days after the transaction); this may be outside the typical two-business-day filing window for Form 4s.
• Footnotes/plan details: No 10b5-1 plan, tax withholding, or other footnotes were noted in the details provided.

Context
This was an open-market sale (routine disposition). Retail investors should view single sales like this as factual disclosures of insider activity; they don’t necessarily imply new information about company fundamentals. For a fuller picture, compare this sale to other recent insider trades and the insider’s remaining holdings (as reported on the full Form 4).