Farmers & Merchants Bancorp (FMCB) director logs 2,300-share plan-related sale

Rhea-AI Filing Summary

Farmers & Merchants Bancorp director Deborah E. Skinner reported a stock transaction involving the company’s common shares. On 12/05/2025, a grantor trust established under the company’s Non-Qualified Executive Retirement and Senior Management Retirement Plans disposed of 2,300 shares of common stock in connection with the anticipated liquidation and distribution of those plans, which were terminated effective November 29, 2024. The trustees exchanged some company shares in participants’ accounts for cash to provide liquidity for related tax liabilities, using a price based on the 30-day volume weighted average price after the close of the market on December 4, 2025. Following this transaction, Skinner beneficially owned 1,827 shares of common stock indirectly through the grantor trust.

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^*

SKINNER DEBORAH E

(Last) (First) (Middle)

24700 N. SOWLES RD.

(Street)

ACAMPO CA 95220

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

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								115	D
Common Stock	12/05/2025		D(1)		2,300	D	$1,041.24(2)	1,827	I	Held in grantor trust established in connection with the Co's Non-Qual Retirement Plan

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. In connection with the anticipated liquidation and distribution of the Company's Non-Qualified Executive Retirement and Senior Management Retirement Plans, which was terminated effective as of November 29, 2024, the Trustees of the grantor trust funding the plan elected to exchange some of the shares of Company stock held to the participant's accounts with cash to provide liquidity for related tax liabilities.

2. Utilized the 30-day volume weighted average price after close of the market December 4, 2025.

Remarks:

	Skinner Deborah E	12/05/2025
	** 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.
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.

FAQ

What insider transaction did FMCB director Deborah E. Skinner report?

Deborah E. Skinner, a director of Farmers & Merchants Bancorp (FMCB), reported a disposition of 2,300 shares of the company’s common stock on 12/05/2025 through a grantor trust associated with a non-qualified retirement plan.

Why were FMCB shares exchanged in the non-qualified retirement plans?

The filing states that, in connection with the anticipated liquidation and distribution of the company’s Non-Qualified Executive Retirement and Senior Management Retirement Plans, the trustees elected to exchange some company stock for cash in participants’ accounts to provide liquidity for related tax liabilities.

What was the pricing method for the reported FMCB stock transaction?

The transaction price referenced in the report was based on the 30-day volume weighted average price of the stock after the close of the market on December 4, 2025.

How many FMCB shares does Deborah E. Skinner beneficially own after the transaction?

After the reported transaction, Deborah E. Skinner beneficially owned 1,827 shares of Farmers & Merchants Bancorp common stock, held indirectly in a grantor trust tied to the company’s non-qualified retirement plan.

What is the relationship of the reporting person to Farmers & Merchants Bancorp (FMCB)?

The reporting person, Deborah E. Skinner, is identified as a director of Farmers & Merchants Bancorp in the filing.

Is the reported FMCB transaction part of a retirement plan termination?

Yes. The explanation notes that the company’s Non-Qualified Executive Retirement and Senior Management Retirement Plans were terminated effective November 29, 2024, and the reported exchange of stock for cash is related to their anticipated liquidation and distribution.