[Form 4] Farmers & Merchants Bancshares, Inc. Insider Trading Activity

Farmers & Merchants Bancshares, Inc. insider activity: Board advisor Mark C. Krebs acquired 265 shares of the company’s stock on 01/08/2026 at a price of $17.02 per share.

Rhea-AI Filing Summary

Farmers & Merchants Bancshares, Inc. insider activity: Board advisor Mark C. Krebs acquired 265 shares of the company’s stock on 01/08/2026 at a price of $17.02 per share. Following this purchase, he directly owns 7,700.853 shares. This filing reflects an increase in his personal stake in Farmers & Merchants Bancshares, Inc.

Insider Trade Summary

Grant/Award: 265 shares

Grant/Award 1 txn

Insider Krebs Mark C.

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	FMFG	265	$17.02	$5K

Holdings After Transaction: FMFG — 7,700.853 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FMFG report for Mark C. Krebs?

FMFG reported that board advisor Mark C. Krebs acquired 265 shares of Farmers & Merchants Bancshares, Inc. stock on 01/08/2026.

At what price did Mark C. Krebs acquire FMFG shares?

Mark C. Krebs acquired the 265 FMFG shares at a price of $17.02 per share.

How many FMFG shares does Mark C. Krebs own after this transaction?

After the reported transaction, Mark C. Krebs beneficially owns 7,700.853 FMFG shares in direct ownership.

What is Mark C. Krebs’ relationship to Farmers & Merchants Bancshares, Inc. (FMFG)?

Mark C. Krebs is reported as an “Other” related person with the specified role of Board Advisor to Farmers & Merchants Bancshares, Inc.

Was the FMFG insider transaction reported as direct or indirect ownership?

The ownership of the reported 7,700.853 shares by Mark C. Krebs is classified as direct (D) ownership.

Does this FMFG insider filing report any derivative securities?

The filing’s completed transaction data relates to non-derivative FMFG shares; the derivative securities table shows no filled-in derivative transactions in the provided content.

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

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Accepted by SEC EDGAR 01/14/2026 - 12:58 PM 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).

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^*

Krebs Mark C.

(Last) (First) (Middle)

25 WESTMINSTER PIKE

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

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

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
FMFG	01/08/2026		A		265	A	$17.02	7,700.853	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/ Mark C. Krebs	01/14/2026
	** 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.