Farmers & Merchants Bancorp (FMCB) director reports stock exchange tied to plan termination

Rhea-AI Filing Summary

Farmers & Merchants Bancorp director reports stock-for-cash exchange tied to retirement plans

A director of Farmers & Merchants Bancorp (FMCB), Edward Jr. Corum, reported a transaction dated December 5, 2025 involving common stock held in connection with the company’s Non-Qualified Executive Retirement and Senior Management Retirement Plans. These plans were terminated effective November 29, 2024, and in anticipation of their liquidation and distribution, trustees of the related grantor trust elected to exchange some company shares in participants’ accounts for cash to provide liquidity for associated tax liabilities.

The filing indicates that part of the director’s beneficial ownership includes stock held indirectly by a spouse and in a grantor trust linked to the non-qualified retirement arrangements. The reported price reference used for the transaction reflects a 30-day volume weighted average price after the close of the market on December 4, 2025.

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^*

CORUM EDWARD JR

(Last) (First) (Middle)

111 W. PINE ST.

(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)

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								561	D
Common Stock								44	I	Held by Spouse
Common Stock	12/05/2025		D(1)		691	D	$1,041.24(2)	940	I	Held in grantor trust established in connection with 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 were terminated effective as of November 29, 2024, the Trustees of the grantor trust funding the plans elected to exchange some of the shares of Company stock held in 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:

	CORUM EDWARD JR	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 report for director Edward Jr. Corum?

The report shows that director Edward Jr. Corum reported a transaction in Farmers & Merchants Bancorp common stock dated December 5, 2025, related to shares held in connection with the company’s non-qualified retirement plans.

Why were Farmers & Merchants Bancorp non-qualified retirement plan shares exchanged for cash?

In anticipation of the liquidation and distribution of the terminated Non-Qualified Executive Retirement and Senior Management Retirement Plans, trustees of the grantor trust chose to exchange some company stock in participants’ accounts for cash to provide liquidity for related tax liabilities.

When were FMCB’s non-qualified retirement plans terminated?

The filing states that the company’s Non-Qualified Executive Retirement and Senior Management Retirement Plans were terminated effective as of November 29, 2024.

How does the filing describe Edward Jr. Corum’s relationship to Farmers & Merchants Bancorp (FMCB)?

Edward Jr. Corum is identified as a director of Farmers & Merchants Bancorp in the report, with beneficial ownership that includes stock held directly, by a spouse, and in a grantor trust.

What pricing reference did FMCB use for the reported stock-for-cash exchange?

The explanation notes that the transaction utilized the 30-day volume weighted average price after the close of the market on December 4, 2025.

Were FMCB shares held indirectly for Edward Jr. Corum noted in the report?

Yes. The filing discloses indirect holdings described as held by spouse and held in a grantor trust established in connection with the company’s Non-Qualified Executive Retirement Plan.