Zitterow David 4

What Happened

• David Zitterow, Executive Vice President of Farmers & Merchants Bancorp (FMCB), surrendered 162 shares of common stock on 2026-02-04 to satisfy tax withholding obligations related to the release of 436 restricted shares.
• The surrendered shares were valued at $1,160.00 each (total $187,920). After withholding 162 shares, Zitterow received a net 274 shares from the RSU release (436 released − 162 surrendered).
• This was a tax-withholding disposition (routine), not an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (appears timely).
• Price used for withholding: $1,160.00 per share (footnote cites market close on 2026-02-03).
• Shares surrendered/disposed: 162; value: $187,920.
• Restricted shares released: 436 (per footnote); net shares issued to insider: 274.
• Shares owned after the transaction: not specified in this filing.
• Transaction code: F (payment of exercise price or tax liability / tax withholding).

Context

• This is a common, administrative insider filing: restricted stock vested and shares were automatically surrendered to cover taxes. It does not represent an open-market sale decision and should be interpreted as a routine tax-withholding action rather than a directional buy/sell signal.