Farmers & Merchants chair granted 263 shares

FMAO’s board chairman received a routine stock grant of 263 shares as part of quarterly director compensation.

Rhea-AI Filing Summary

FARMERS & MERCHANTS BANCORP INC (symbol: FMAO) is the issuer of record for a Form 4 filing submitted to the SEC. SAUDER KEVIN J reported acquisition or exercise transactions in this Form 4 filing.

FARMERS & MERCHANTS BANCORP INC (FMAO) director and Chairman of the Board Kevin J. Sauder reported receiving a grant of 263 shares of Common Stock on September 18, 2026 at $35.67 per share. A footnote states this represents one-half of his director compensation for July, August, and September 2026. Following this award, he directly holds 8,775 shares of Common Stock, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 263 shares

Grant/Award 1 txn

Insider SAUDER KEVIN J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	263	$35.67	$9K

Holdings After Transaction: Common Stock — 8,775 shares (Direct)

Footnotes (1)

1. F1. Represents one-half of this Director's compensation for July, August, & September 2026.

Key Figures

Shares granted: 263 shares Grant price per share: $35.67 per share Shares held after transaction: 8,775 shares +1 more

4 metrics

Shares granted 263 shares Common Stock grant to Kevin J. Sauder on September 18, 2026

Grant price per share $35.67 per share Recorded value for the 263-share Common Stock award

Shares held after transaction 8,775 shares Direct Common Stock holdings of Kevin J. Sauder after the award

Compensation period covered 3 months Award represents one-half of director compensation for July–September 2026

Key Terms

Grant, award, or other acquisition, Common Stock, Rule 10b5-1 trading plan, Chairman of the Board

4 terms

Grant, award, or other acquisition financial

"The transaction is classified as a grant, award, or other acquisition of shares"

Common Stock financial

"The reported transaction involves 263 shares of Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Rule 10b5-1 trading plan regulatory

"The filing’s checkbox shows the transaction was not under a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Chairman of the Board other

"Kevin J. Sauder serves as Chairman of the Board of the issuer"

Chairman of the board is the person who leads a company’s board of directors, setting meeting agendas, guiding discussions and ensuring the board supervises management’s strategy and risk decisions. Investors care because the chair’s leadership and style influence how well shareholder interests are protected, how quickly strategic choices are made, and the company’s overall accountability—like a team captain shaping group performance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FMAO report for director Kevin J. Sauder?

FARMERS & MERCHANTS BANCORP INC reported that Chairman Kevin J. Sauder received a grant of 263 shares of Common Stock on September 18, 2026 as a stock award, classified as a grant, award, or other acquisition.

At what price was the FMAO stock award to Kevin J. Sauder recorded?

The 263-share stock award to Kevin J. Sauder was recorded at $35.67 per share. This value is reported as the per-share price for the Common Stock granted on September 18, 2026.

How many FMAO shares does Kevin J. Sauder hold after this Form 4 transaction?

After the September 18, 2026 stock grant, Kevin J. Sauder is reported to directly hold 8,775 shares of FARMERS & MERCHANTS BANCORP INC Common Stock.

Was the FMAO stock grant to Kevin J. Sauder an open-market purchase?

No. The Form 4 classifies the transaction as a grant, award, or other acquisition of 263 shares of Common Stock, not as an open-market purchase or sale.

What period of compensation does the 263-share FMAO grant represent?

A footnote states that the 263-share award represents one-half of this director's compensation for July, August, and September 2026, indicating it is part of his regular quarterly director compensation.

Was the FMAO stock grant to Kevin J. Sauder made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, indicating that the reported stock grant was not made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 05:34 PM Accepted by SEC EDGAR 09/21/2026 - 05:33 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SAUDER KEVIN J

(Last) (First) (Middle)

2540 RIDGECROFT AVE SE

(Street)

GRAND RAPIDS MICHIGAN 49546

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FARMERS & MERCHANTS BANCORP INC [ FMAO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Chairman of the Board

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/18/2026		A		263(1)	A	$35.67	8,775	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents one-half of this Director's compensation for July, August, & September 2026.

	/s/Melinda L. Gies// Attorney in Fact	09/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)