FMAO Director Andrew J. Briggs Sells 9,000 Shares

What Happened
Andrew J. Briggs, a director of Farmers & Merchants Bancorp Inc. (ticker: FMAO), sold a total of 9,000 shares in three open-market transactions between July 20 and July 22, 2026. The sales were: 3,000 shares on 7/20 at $30.47 ($91,410), 3,000 shares on 7/21 at $30.75 ($92,250), and 3,000 shares on 7/22 at $30.84 ($92,520), for combined proceeds of $276,180. These were outright sales (Form 4 code "S"), not purchases or option exercises.

Key Details

• Transaction dates & prices: 7/20/2026 — 3,000 @ $30.47; 7/21/2026 — 3,000 @ $30.75; 7/22/2026 — 3,000 @ $30.84.
• Total sold: 9,000 shares; total proceeds ≈ $276,180.
• Shares owned after transaction: Not specified in the provided filing.
• Plan/footnotes: The provided filing does not indicate a 10b5-1 plan, gift, tax withholding, or other special footnotes.
• Filing timeliness: Form 4 was filed on 2026-07-22 (the same day as the last reported sale); this appears to be within the usual two-business-day reporting window.

Context
These are straight sales by a company director reported on Form 4. Sales are common among insiders and—by themselves—do not necessarily signal a change in company outlook. Purchases tend to be more informative about insider confidence; this filing documents disposition of shares only.