FARMERS & Merchants Bancorp (NASDAQ: FMAO) director sells 6,000 shares

Rhea-AI Filing Summary

FARMERS & MERCHANTS BANCORP INC director Andrew J. Briggs reported selling a total of 6,000 shares of Common Stock in open-market transactions. He sold 3,000 shares at $27.20 per share on May 12, 2026 and 3,000 shares at $26.77 per share on May 13, 2026. After these sales, he directly holds 249,085 shares, indicating the transactions represent a small portion of his overall position.

Insights

Bank equity analyst

Director sells 6,000 FMAO shares, retains large remaining stake.

Director Andrew J. Briggs executed two open-market sales totaling 6,000 shares of Common Stock at prices between $26.77 and $27.20. Open-market sales are active decisions, so they draw attention compared with routine grants or tax withholdings.

Following the sales, Briggs still directly owns 249,085 shares. The disposition is a relatively small percentage of his reported holdings, which suggests these trades may reflect personal portfolio or liquidity management rather than a major change in alignment. No derivative positions are listed, so this filing only reflects common share activity.

The transactions are classified as non-derivative open-market sales with no indication of a related trading plan in the available data. Subsequent filings from the company or the insider will provide further context if additional trades occur.

Insider Trade Summary 10b5-1

Net Seller: 6,000 shares

Net Sell 2 txns

Insider Briggs Andrew J

Role Director

Sold 6,000 shs ($162K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,000	$26.77	$80K
Sale	Common Stock	3,000	$27.20	$82K

Holdings After Transaction: Common Stock — 249,085 shares (Direct)

Key Figures

Total shares sold: 6,000 shares First sale price: $27.20 per share Second sale price: $26.77 per share +2 more

5 metrics

Total shares sold 6,000 shares Two open-market sales reported in Form 4

First sale price $27.20 per share 3,000 shares sold on May 12, 2026

Second sale price $26.77 per share 3,000 shares sold on May 13, 2026

Shares held after transactions 249,085 shares Direct holdings following May 13, 2026 sale

Transaction code S Sale in open market or private transaction

Key Terms

open-market sale, Common Stock, Form 4, net-sell

4 terms

open-market sale financial

"transaction_action is described as an open-market sale of Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title for both transactions is listed as 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.

Form 4 regulatory

"insider activity is disclosed through a Form 4 insider filing"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

net-sell financial

"transactionSummary shows a netBuySellDirection categorized as net-sell"

FAQ

How many FARMERS & MERCHANTS BANCORP INC (FMAO) shares did Andrew J. Briggs sell?

Andrew J. Briggs sold a total of 6,000 FMAO Common Stock shares. He executed two open-market sales of 3,000 shares each on consecutive days, according to the Form 4 insider filing data.

At what prices did Andrew J. Briggs sell FMAO stock in this Form 4?

He sold 3,000 FMAO shares at $27.20 per share on May 12, 2026 and another 3,000 shares at $26.77 per share on May 13, 2026, both reported as open-market transactions.

What is Andrew J. Briggs’s remaining FMAO shareholding after these sales?

After the reported transactions, Andrew J. Briggs directly holds 249,085 shares of FARMERS & MERCHANTS BANCORP INC Common Stock. This remaining position indicates the 6,000 shares sold represent a relatively small fraction of his disclosed holdings.

Were the reported FMAO trades by Andrew J. Briggs open-market sales?

Yes. Both transactions are coded as “S” and described as open-market or private sales of Common Stock. Each involved 3,000 shares sold on the market at stated prices on May 12 and May 13, 2026.

Does the Form 4 show any derivative transactions for Andrew J. Briggs in FMAO?

No. The derivative summary in the Form 4 is empty, and all reported activity involves non-derivative Common Stock. The filing lists only the two open-market sales of 3,000 shares each and no options or other derivatives.

Is the net trading direction for Andrew J. Briggs in this FMAO filing a net buy or net sell?

The filing shows a net sell position. The transaction summary reports two sales totaling 6,000 shares, with netBuySellShares of negative 6,000 and a netBuySellDirection categorized as “net-sell.”

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/14/2026 - 10:11 AM 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).

X

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^*

Briggs Andrew J

(Last) (First) (Middle)

130 E. LINE ST

(Street)

GENEVA INDIANA 46740

(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
X	Officer (give title below)		Other (specify below)
	Director

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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	05/12/2026		S		3,000	D	$27.2	252,085	D
Common Stock	05/13/2026		S		3,000	D	$26.77	249,085	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:

	//s//Melinda L. Gies, Attorney in Fact	05/14/2026
	** 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)