Misasi J. Ryan 4

What Happened

• Misasi J. Ryan, Executive Vice President of Farmers & Merchants Bancorp (FMCB), surrendered 464 shares of common stock to the issuer on 2026-02-04 to satisfy tax withholding obligations tied to the release of 1,114 restricted shares.
• The shares were valued at $1,160.00 each (market close 2/3/2026), for a total withheld value of $538,240. This was a tax-withholding/cashless settlement, not an open-market sale.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06.
• Transaction type/code: F — payment of exercise price or tax liability (share surrender for tax withholding).
• Shares surrendered: 464 at $1,160.00 per share; total value $538,240.
• Restricted shares released: 1,114; net shares issued to the insider = 1,114 − 464 = 650.
• Footnotes: F1 explains the 464 shares were surrendered to satisfy tax withholding on the 1,114-share restricted stock release; F2 notes the $1,160 price is the 2/3/2026 market close.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• This was a routine tax-withholding/cashless settlement tied to a restricted stock vesting event, common for equity awards; it does not represent an open-market sale and should not be interpreted as a directional signal about the insider’s view of the company.