Farmers & Merchants Bancorp (FMCB) EVP reports 690-share trust transfer

Rhea-AI Filing Summary

Farmers & Merchants Bancorp executive vice president Bart R. Olson reported a change in how he holds some of his company stock. On December 10, 2025, 690 shares of FMCB common stock were moved, for no consideration, from the company’s non-qualified executive retirement plans into a family trust. Olson is a trustee of the trust, and he and a member of his immediate family are the sole beneficiaries, so he remains the beneficial owner of these shares, now reported as indirectly owned.

After this change, Olson reports 690 shares held indirectly in the family trust and 2,422 shares held directly. The direct holdings include a previously reported restricted stock award of 1,840 shares that vests ratably over two years and a special one-time restricted stock award of 582 non-voting shares that vests ratably over three years.

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

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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^*

Olson Bart R

(Last) (First) (Middle)

FARMERS & MERCHANTS BANCORP

121 W. PINE STREET

(Street)

LODI CA 95240

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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

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

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

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	12/10/2025		G		690(1)	D	$0	690	I	Held in family trust
Common Stock								2,422(2)	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. Shares previously held indirectly through the Company's Non-Qualified Executive Retirement Plans, which, in connection with the liquidation and distribution of the Plans, were distributed by the Trustees of the Plan to Reporting Person's family trust on December 10, 2025, for no consideration. The Reporting Person is a trustee of the trust, and the Reporting Person and member of his immediate family are the sole beneficiaries of the trust. The Reporting Person remains the beneficial owner of the securities held by the trust.

2. Includes, as previously reported, grants on February 3, 2025 to Reporting Person of a RSA of 1,840 shares of Issuer's common stock, which will vest ratably over a two (2) year term; and a special one-time RSA of 582 shares of Issuer's common stock without voting rights, which will vest ratably over a three (3) year term.

Remarks:

	Olson Bart R	12/18/2025
	** 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.
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FAQ

What insider transaction did FMCB executive Bart R. Olson report?

Olson reported that 690 shares of Farmers & Merchants Bancorp common stock were distributed from the company’s non-qualified executive retirement plans to his family trust on December 10, 2025, for no consideration.

Did Bart R. Olson sell any Farmers & Merchants Bancorp (FMCB) shares in this filing?

No. The filing shows 690 shares were distributed by the retirement plan trustees to Olson’s family trust for no consideration, and it states that he remains the beneficial owner of the securities held by the trust.

How many Farmers & Merchants Bancorp shares does Bart R. Olson now report owning?

After the reported transaction, Olson reports 690 shares held indirectly in a family trust and 2,422 shares held directly in his own name.

What are the terms of Bart R. Olson’s restricted stock awards in FMCB?

The filing notes a grant of 1,840 shares of common stock that will vest ratably over two years, and a special one-time restricted stock award of 582 shares without voting rights that will vest ratably over three years.

What is Bart R. Olson’s role at Farmers & Merchants Bancorp?

Olson is identified as an officer of Farmers & Merchants Bancorp with the title Executive Vice President, and he is not checked as a director or 10% owner.

How are Olson’s indirectly held FMCB shares owned after this transaction?

The 690 shares are held in a family trust for which Olson is a trustee, and the filing states that he and a member of his immediate family are the sole beneficiaries, so he remains the beneficial owner.