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 2026-07-16 he sold 3,000 shares at $30.06 for $90,180, and on 2026-07-17 he sold 3,000 shares at $31.06 for $93,180, for combined proceeds of $183,360.
• These were outright sales (not purchases, awards, or option exercises). Sales are common insider activity and can be for routine reasons such as diversification or liquidity; they do not necessarily signal a change in company prospects.

Key Details

• Transaction dates and prices:
  • 2026-07-16: 3,000 shares sold at $30.06 — $90,180
  • 2026-07-17: 3,000 shares sold at $31.06 — $93,180
• Total shares sold: 6,000; total proceeds: $183,360.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Plan/footnotes: No 10b5-1 plan, tax-withholding, or other footnotes disclosed in the provided data.
• Filing timeliness: Form 4 was filed on 2026-07-17. This appears timely (Form 4s must generally be filed within two business days of the transaction).

Context

• These were open-market sales, which are common for insiders and often reflect personal financial decisions rather than a view on the company. For retail investors, purchases by insiders can be more informative than routine sales; however, the timing and size of sales are still useful data points when combined with other insider activity and company news.