Briggs Andrew J 4

What Happened

Andrew J. Briggs, a director of Farmers & Merchants Bancorp, sold a total of 9,000 shares of FMAO stock in three open-market transactions. The trades were: 3,000 shares on 2026-06-29 at $30.09 ($90,270), 3,000 shares on 2026-06-30 at $30.46 ($91,380), and 3,000 shares on 2026-07-01 at $30.58 ($91,740). Total proceeds across the three sales were approximately $273,390. These were outright sales (transaction code S), which are often routine and do not by themselves indicate the insider’s view of the company.

Key Details

• Transaction dates and prices:
  • 2026-06-29: Sold 3,000 shares @ $30.09 = $90,270
  • 2026-06-30: Sold 3,000 shares @ $30.46 = $91,380
  • 2026-07-01: Sold 3,000 shares @ $30.58 = $91,740
• Total shares sold: 9,000; total proceeds: ~$273,390.
• Shares owned after the transactions: not disclosed in the provided filing summary.
• No 10b5-1 plan, tax-withholding, or other footnotes were disclosed in the information you provided.
• Form 4 filed: 2026-07-01 (reporting transactions through 2026-07-01); no late-filing flag was noted in the provided details.

Context

Sales by directors can be for many personal reasons (diversification, taxes, liquidity) and are not inherently a sell signal about the company. Purchases tend to be considered more informative about insider sentiment. This filing is factual disclosure of the sales; it does not state the reason for the transactions.