Emswiler Melody D. 4

What Happened

• Melody D. Emswiler, EVP and Chief Human Resources Officer of F&M Bank Corp (FMBM), had 221 shares disposed/withheld to satisfy a tax liability (SEC code F). The shares were recorded at $31.98 each, for a total value of approximately $7,068.
• This was a tax-withholding disposition (not an open-market sale or a purchase) and typically reflects withholding to cover taxes from an option exercise or share vesting rather than a directional trade.

Key Details

• Transaction date: 2026-03-07
• Price per share: $31.98; Shares withheld/disposed: 221; Total value: ~$7,068
• Shares owned after the transaction: not specified in the provided filing
• Footnote/transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes)
• Filing date: 2026-03-11 for a 2026-03-07 transaction — appears to be filed after the typical 2-business-day Form 4 deadline (may be considered late)

Context

• This type of transaction is usually a tax-withholding action (often part of an option exercise or restricted stock vesting). It is not the same as an open-market sale and generally should not be interpreted as a direct bearish signal from the insider.
• For retail investors, purchases are typically more informative about insider conviction; tax-withholdings are routine administrative steps. Late Form 4 filings can attract regulatory attention or require amendment, but they do not change the economic nature of this withholding.