Briggs Andrew J 4

What Happened

• Andrew J. Briggs, a director of Farmers & Merchants Bancorp Inc. (FMAO), sold a total of 6,000 shares in two open-market transactions. On 2026-06-25 he sold 3,000 shares at $29.62 for $88,860; on 2026-06-26 he sold 3,000 shares at $29.98 for $89,940. These were outright sales (code S), which are generally routine disposition transactions rather than a bullish purchase signal.

Key Details

• Transaction dates and prices:
  • 2026-06-25: Sold 3,000 shares at $29.62 — proceeds $88,860
  • 2026-06-26: Sold 3,000 shares at $29.98 — proceeds $89,940
• Total shares sold: 6,000; total proceeds: $178,800.
• Shares owned after the transactions: not specified in the filing.
• No footnotes in the filing indicating a 10b5‑1 plan, tax withholding, or other special instructions.
• Filing status/timeliness: Form 4 was filed on 2026-06-26 and appears to report the trades within the normal reporting window.

Context

• Sales by directors can be for many personal reasons (diversification, liquidity, taxes) and do not by themselves indicate company outlook. Purchases generally carry more weight for signaling confidence; this filing documents routine insider sales.