Briggs Andrew J 4

What Happened
Andrew J. Briggs, a director of Farmers & Merchants Bancorp, sold a total of 6,000 shares in two open-market transactions. On July 9, 2026 he sold 3,000 shares at $29.42 for proceeds of $88,260, and on July 10, 2026 he sold 3,000 shares at $29.52 for proceeds of $88,560 — aggregate proceeds $176,820. These were sales (code S) rather than purchases.

Key Details

• Transaction dates and prices:
  • 2026-07-09: 3,000 shares @ $29.42 — $88,260
  • 2026-07-10: 3,000 shares @ $29.52 — $88,560
• Aggregate shares sold: 6,000; aggregate proceeds: $176,820.
• Transaction type: Open-market sales (insider sale, code S).
• Filing date: Form 4 filed 2026-07-10 (timely — within the required reporting window).
• Shares owned after the transactions: Not specified in the summary provided; see the Form 4 filing for post-transaction holdings and exact ownership percentages.
• No 10b5-1 plan, tax-withholding, or other footnotes were provided in the transaction summary.

Context
Sales by insiders can be routine (e.g., portfolio rebalancing or liquidity needs) and do not by themselves indicate a change in company outlook. Purchases generally draw more attention as a bullish signal; this filing documents routine open-market sales by a director. For full details, review the official Form 4 filing (accession 0001193125-26-300900).