Briggs Andrew J 4

What Happened Andrew J. Briggs, a director of Farmers & Merchants Bancorp Inc. (FMAO), sold a total of 12,000 shares in three open-market transactions between June 22 and June 24, 2026. The trades were: 6,000 shares on 2026-06-22 at $28.72 ($172,320), 3,000 shares on 2026-06-23 at $28.66 ($85,980), and 3,000 shares on 2026-06-24 at $29.17 ($87,510). The aggregate proceeds were approximately $345,810. These were sales (not purchases or option exercises), which are often routine disposition activity by insiders.

Key Details

• Transaction dates and prices:
  • 2026-06-22 — 6,000 shares @ $28.72 = $172,320
  • 2026-06-23 — 3,000 shares @ $28.66 = $85,980
  • 2026-06-24 — 3,000 shares @ $29.17 = $87,510
• Total shares sold: 12,000; total proceeds ≈ $345,810.
• Shares owned after the transactions: not specified in the summary provided — see the Form 4 filing for the insider’s post-transaction holdings.
• No 10b5-1 trading plan, tax-withholding, gift, or option-exercise notation disclosed in the provided summary.
• Form 4 filed: June 24, 2026 (see filing for full timing and any footnotes).

Context

• These were open-market sales (transaction code S). Sales by directors can be routine (diversification, liquidity, tax planning) and do not by themselves indicate company performance or insider sentiment.
• No derivative activity or cashless exercise was reported in this summary; this was straightforward share disposition. For full context (exact holdings before/after, any related notes, or trading plan disclosures), consult the complete SEC Form 4 filing.