Briggs Andrew J 4

What Happened

• Andrew J. Briggs, a director of FARMERS & MERCHANTS BANCORP (FMAO), reported three open-market sales totaling 9,000 shares between July 13 and July 15, 2026. The sales generated gross proceeds of approximately $269,040.
• Breakdown: 3,000 shares on 2026-07-13 at $29.77 ($89,310); 3,000 shares on 2026-07-14 at $30.10 ($90,300); 3,000 shares on 2026-07-15 at $29.81 ($89,430). All transactions are coded as sales (S).

Key Details

• Transaction dates & prices:
  • 2026-07-13: 3,000 shares @ $29.77 = $89,310
  • 2026-07-14: 3,000 shares @ $30.10 = $90,300
  • 2026-07-15: 3,000 shares @ $29.81 = $89,430
• Total shares sold: 9,000; Approximate total proceeds: $269,040.
• Transaction type: Open-market sales (code S). No 10b5-1 plan or tax-withholding notation provided in the excerpt.
• Shares owned after the transactions: Not specified in the supplied filing details.
• Filing: Form 4 filed July 15, 2026; given the trade dates (July 13–15), the filing appears to be within normal SEC reporting timing.

Context

• Sales by insiders can be routine (diversification, personal liquidity, scheduled plans) and do not necessarily indicate negative company outlook; purchases tend to carry more weight as a bullish signal. No additional notes (e.g., 10b5-1 plan or gifts) were included in the provided transaction data.