Farmers & Merchants (FMAO) Director Andrew J. Briggs Sells 6,000 Shares

What Happened

• Andrew J. Briggs, a director of Farmers & Merchants Bancorp, sold a total of 6,000 shares in two open‑market transactions. He sold 3,000 shares on July 27, 2026 at $30.98 each for $92,940, and 3,000 shares on July 28, 2026 at $31.59 each for $94,770. Total proceeds across both sales were $187,710. These were outright sales (transaction code S), which are typically routine dispositions rather than purchases that might signal added confidence.

Key Details

• Transaction dates and prices:
  • 2026-07-27: 3,000 shares at $30.98 — $92,940
  • 2026-07-28: 3,000 shares at $31.59 — $94,770
• Total shares sold: 6,000; total proceeds: $187,710.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• No footnotes in the provided data indicating a 10b5-1 plan, tax withholding, or special instructions.
• Filing timeliness: Form 4 was filed on 2026-07-29 for transactions on 2026-07-27 and 2026-07-28 — no late filing flag is indicated.

Context

• These were sales (S) reported as open‑market dispositions. Sales by corporate insiders can be routine (diversification, liquidity, tax planning) and do not necessarily indicate a change in view about the company. Because no purchase or derivative exercise occurred, there’s no bullish buying signal in this filing.