STEINWERT KENT A 4

What Happened

• Kent A. Steinwert, President, CEO and Director of Farmers & Merchants Bancorp (FMCB), surrendered 2,344 shares of common stock to the company to satisfy tax withholding obligations. The shares were valued at $1,160.00 each, for a total of $2,719,040.
• The surrender occurred in connection with the release of 4,340 restricted shares on 2026-02-04; after withholding, Steinwert received a net of 1,996 shares.

Key Details

• Transaction date: 2026-02-04; price used: $1,160.00 per share (total value $2,719,040).
• Nature of transaction: Tax withholding (code F) — shares surrendered to satisfy tax obligations upon release of restricted stock.
• Footnotes: F1 confirms the 2,344 shares were surrendered to satisfy withholding on 4,340 released restricted shares; F2 notes the $1,160 price reflects the market close on 2/3/2026.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Report filed 2026-02-06 for a 2026-02-04 transaction; appears to be timely (Form 4 is generally due within two business days).

Context

• This was not an open-market sale but a common “cashless”/in-kind settlement for taxes tied to restricted stock vesting — a routine administrative action that does not necessarily indicate the insider’s view of the company’s stock.