Farmers & Merchants Bancshares (FMFG) director boosts stake via DRIP

Rhea-AI Filing Summary

Farmers & Merchants Bancshares, Inc. director Barry J. Renbaum and his wife, Carol E. Renbaum, reported additional ownership of company common stock on a joint Form 4/A. On 12/15/2025, they acquired 6,905 shares of common stock, coded "J," at a stated price of $16.66 per share.

After this transaction, their jointly held direct ownership increased to 328,377 shares of Farmers & Merchants Bancshares common stock. The filing notes that the newly reported shares were acquired as participants in the company’s dividend reinvestment program, and that the couple owns the reported shares as joint tenants. This Form 4/A amends an earlier filing originally dated 07/31/2024 and references an earliest transaction date of 09/12/2022.

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

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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^*

RENBAUM BARRY J.

(Last) (First) (Middle)

3921 BUTLER ROAD

(Street)

REISTERSTOWN MD 21136

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Farmers & Merchants Bancshares, Inc. [ FMFG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)
07/31/2024

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

	Form filed by One Reporting Person
X	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	12/15/2025	12/15/2025	J		6,905	A	$16.66	328,377	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

1. Name and Address of Reporting Person^*

RENBAUM BARRY J.

(Last) (First) (Middle)

3921 BUTLER ROAD

(Street)

REISTERSTOWN MD 21136

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

RENBAUM CAROL ELLEN

(Last) (First) (Middle)

3921 BUTLER ROAD

(Street)

REISTERSTOWN MD 21136

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

Remarks:

Barry J. Renbaum and his wife, Carol E. Renbaum, own and acquired the shares referenced in Items 4 and 5 of Table 1 as joint tenants; and, more particularly, acquired the shares reflected in Item 4 as participants in Issuer's dividend-reinvestment program.

	Barry J. Renbaum	12/17/2025
	Carol E. Renbaum	12/17/2025
	** 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).
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FAQ

What insider transaction did FMFG report in this Form 4/A?

The Form 4/A reports that Barry J. Renbaum and his wife, Carol E. Renbaum, jointly acquired 6,905 shares of Farmers & Merchants Bancshares, Inc. common stock on 12/15/2025 at a price of $16.66 per share.

Who are the reporting persons in the FMFG Form 4/A filing?

The reporting persons are Barry J. Renbaum, identified as a director of Farmers & Merchants Bancshares, Inc., and his wife, Carol E. Renbaum. They report ownership of the shares as joint tenants.

How many FMFG shares do the insiders own after this transaction?

Following the reported transaction, Barry and Carol Renbaum beneficially own 328,377 shares of Farmers & Merchants Bancshares, Inc. common stock, held in direct ownership.

How were the additional FMFG shares acquired by Barry and Carol Renbaum?

The explanation states that the 6,905 shares reported in Item 4 of Table I were acquired as participants in the issuer’s dividend-reinvestment program of Farmers & Merchants Bancshares, Inc.

Is this the first Form 4 filing for these FMFG transactions?

No. This is a Form 4/A amendment to a filing originally dated 07/31/2024, and it references a date of earliest transaction of 09/12/2022.

Is the FMFG Form 4/A filed by one or more reporting persons?

The filing is marked as a Form filed by more than one reporting person, reflecting the joint reporting by Barry J. Renbaum and Carol E. Renbaum.